As the number of confirmed covid-19 cases increases around the world, people are struggling to keep themselves mentally and physically safe and stable. Some individuals and communities are having a tougher time than others, especially the marginalized. In Canada, with more than 2,000 confirmed coronavirus cases to date, this struggle […]
The Bank of Canada has expanded its authority to buy and sell securities outright, according to a public notice by the central bank. The central bank added the right to buy and sell the debt of companies and municipalities, along with other instruments when it is “addressing a situation of […]
The extreme measures taken by the U.S. government and the Federal Reserve to combat the COVID-19 pandemic could push the U.S. into an episode of hyperinflation and boost gold, according to Peter Schiff. The White House and the Senate reached a $2 trillion deal early Wednesday on the third phase […]
The Federal Reserve launched QE infinity this week. The Fed has committed to buy an “unlimited” amount of US Treasuries and mortgage-backed securities. But that’s not all. The central bank also announced it will buy some corporate bonds for the first time ever. In effect, this is money-printing on a […]
Michael Levitt, a Stanford biophysicist who was awarded the Nobel Prize in Chemistry in 2013, has made a bold statement that the end of COVID-19 pandemic could be near and has cited China’s curve flattening to support his hypothesis, reported the Los Angeles Times. Levitt is now predicting a curve […]
Over a decade since central bankers started a stealthy nationalization of capital markets by purchasing a wide range of securities from Trasuries, to MBS, to corporate bonds, to ETFs and single stocks, their actions are finally catching up to them, and in the process breaking the very markets central bankers […]
Rising economic inequality and how to address it has been one of the most important issues in the United States since the Great Recession ended in 2009. Rising inequality has spurred a powerful left-wing economic movement that kicked off with Occupy Wall Street in 2011, led to the 2016 presidential […]
(Kitco News) — Huge spreads are occurring in the gold market Tuesday with pricing for futures contracts far above spot prices. Also, earlier in the day, nearby futures were more expensive than deferred, a sign of strong demand in any commodity market. Just before noon EDT, one price vendor was showing spot […]
March 23 was Peter Schiff’s birthday. It was also the day the Federal Reserve announced QE Infinity. So, Peter spent over three hours hosting a live videocast talking about the latest Fed moves, the potential impact on the economy and answering questions from viewers. Peter said he was hoping to […]
Certainly, the most extensive travel restrictions to stop an outbreak in human history have been seen, yet it has not been enough. It was thought that if you stop traveling, it prevents the virus from spreading around the world. However, this did not work and therefore it will be explained […]