It appears that the UK is losing 16,500 millionaires in 2025, plus a look at gold, silver, inflation and interest rates.
UK Imploding?
August 22 (King World News) – Billionaire Kyle Bass: The UK is losing 16,500 millionaires in 2025. Capital gains tax hikes—up 20% to 80% over prior rates—backfired spectacularly. Tax receipts fell 18% year-over-year. Europe, take note: you can’t tax your way to prosperity…you can only chase it away…
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A Warning To The US
Charlie Bilello: Japan’s 30-year bond yield has spiked to 3.10% – the highest level on record. A preview of what’s coming for the US if we don’t get our deficit/debt spiral under control. The chickens eventually come home to roost.
KING WORLD NEWS NOTE: “The Chickens Eventually Come Home To Roost.” Interest Rates Continue To Soar In Japan, Threatening Government Spending
Massive Fiscal Deficits Come With A Steep Price
Otavio Costa: Sometimes I stop and think how absurd it is to claim inflation is decelerating while the government runs a 7% fiscal deficit.
KING WORLD NEWS NOTE: Massive 3rd Wave Of Inflation (WHITE LINE) May Hit The United States, Just Like The 1970s (RED LINE)
Gold Down, Mining Stocks Very Strong
Peter Boockvar: Today was another day when gold was down, but gold mining stocks were very strong. Both the GDX and GDXJ rose to new multi-year highs, up 67% YTD. If you are not invested you are likely missing out on what could be the greatest bull market in the history of gold mining stocks.
A Massive Silver Squeeze Could Unfold
David Bateman: The market can’t be squeezed by one billionaire, but it could be squeezed by 10, or by a sovereign nation (e.g. China, Mexico, Peru). Or even by the 10 largest silver miners. All nations are tip toeing in lock step to prevent a squeeze, all the while the people are waking up to the debasement of their currencies. Tick tok, tick tok
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