Read the original article on SchiffGold. Which countries have the biggest gold reserves? Central banks globally have been increasing gold holdings over the last few years. Central bank demand came in at 650.3 tons last year. That was the second-highest level of annual purchases for 50 years, just slightly below […]
Despite mainstream scoffing, credible economists say COVID-19 means MMT is no longer just theory When modern monetary theory began to emerge into popular consciousness almost two years ago it carried with it an odour of coming from the distant economic fringe. Opposed by many traditional economists from both the left and […]
Justin Trudeau’s selection of Chrystia Freeland to be Canada’s new finance minister cements her place as his most trusted lieutenant, hinting the 52-year-old former journalist isn’t done with her political rise. But its real significance is that it signals the most decisive lurch to the left in economic policy in […]
Summary Deficit to outlay ratio tops 60%, above the hyperinflationary threshold of 40%. Q2 2020 GDP shrank 31.7%, but will improve in Q3 2020. Delinquencies are on the rise on record high corporate debt. U.S. dollar will lose value due to ultra-low interest rates and QE. Gold is the only […]
Submitted by Joseph Carson, former chief economist at AllianceBernstein At this week’s Fed’s annual Jackson Hole conference Federal Reserve Chairman Jerome Powell is expected to announce a new policy approach that is intended to give policymakers more flexibility and time to achieve their inflation mandate. The irony is the proposed […]
Gold is a Mandatory Portfolio Asset Now that gold has powered over $2,000, it’s an excellent time to take stock of what has been accomplished by the monetary metal and what may lie next. As for my Gen-Z “Glow Up” reference (and more below), conversations with my 16-year-old daughter are […]
What if mental disorders like anxiety, depression or post-traumatic stress disorder aren’t mental disorders at all? In a compelling new paper, biological anthropologists call on the scientific community to rethink mental illness. With a thorough review of the evidence, they show good reasons to think of depression or PTSD as […]
Justin Trudeau, who is the Prime Minister of Canada since November 4, 2015, and who also leads the Liberal Party of Canada since April 14, 2013, is considered one of the most important and influential progressive leaders in the world, due to his fierce defense of individual freedoms, gender equality, […]
EXECUTIVE SUMMARY As policymakers have shifted focus from pandemic challenges to economic recovery, infrastructure plans are once more being actively discussed, including those relating to energy. Green energy advocates are doubling down on pressure to continue, or even increase, the use of wind, solar power, and electric cars. Left out […]
Much has been written about the economic consequences of covid-19, yet, just as in many of the analyses of the Great Depression and the 2008 crisis, the years of accumulating debt preceding the event do not attract the attention they deserve. Covid-19 — or to be more precise, the lockdown — has initiated a […]