Financial and precious metals expert Egon von Greyerz (EvG) operates the largest private gold vault in the world in Switzerland. More than a year and a half ago, EvG warned here on USAWatchdog.com that “risk is exponential and unmeasurable” because of the estimated two quadrillion of derivatives and debt in […]
The six million city-states are a transportation hub for East Asia and for a few days had the second-highest number of COVID-19 cases in the world. But his total stood at a modest 345 on Friday, with no deaths. And as Canadians curl up in their homes or go shopping […]
(Kitco News) –A cacophony of instability has hit financial markets at the start of a new trading week, but with central banks, led by the Federal Reserve, dropping interest rates to zero, analysts now say that the only place investors can turn to is gold. At the beginning of the […]
Bill Ackman panicked about the coronavirus early on. The billionaire investor had a nightmare about COVID-19 in late January, which might as well have been the plot of the pandemic thriller Contagion. When he woke up, he started prepping. He began arranging for his firm’s fifty employees to abandon their […]
As the global coronavirus pandemic wreaks economic destruction around the world, the U.S. government has taken a number of dramatic steps to keep money moving through the U.S. economy. The Treasury Department on Friday announced that it would postpone the deadline for filing 2019 income taxes to July 15, from […]
Now’s the time to buy gold, according to one of the world’s leading wealth managers, which flagged bullion’s prospects after the haven lost out to the dollar in recent weeks as the pandemic roils markets. “When I think about what would I buy in the right here and now, I […]
Update (3/22/2020): After falling under much scrutiny, Medium has deleted Ginn’s post. Of note, Ginn is a former 2012 Romney digital campaign staffer with no background in medicine or infectious disease. We are leaving it up for anyone who wants to read, while also including a thread from a biologist […]
It should be noted that compound interest is one of the miracles of finance. You earn interest, and if you keep it instead of spending it right away, you earn interest on the interest. The same works for debt. Certainly, governments seldom learn this. They may be aware of this, […]
COVID-19, also known as coronavirus disease, is an infectious disease caused by the virus SARS-CoV-2. It was first detected during the 2019 Wuhan epidemic, with coronavirus pneumonia. Certainly, this disease has caused a stir around the world and is, in fact, generating a great world crisis. In this way, it […]
I believe optimism will eventually triumph over prevalent pessimism. THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity […]