A large-scale study in Denmark that sought to determine if masks help stop the spread of Covid-19 has been rejected by several prestigious journals. The authors hinted that their findings were inconvenient to the status quo. The Lancet, the New England Journal of Medicine, and the American Medical Association Journal […]

When governments started locking down economies in response to the coronavirus pandemic, the Federal Reserve sprung into action. The central bank immediately cut interest rates to zero and launched what we’ve called “QE infinity.” Since then, the Fed has ballooned its balance sheet by nearly $3 trillion and increased the […]

(Kitco News) Markets fear uncertainty and there is plenty of it on the table with the U.S. election less than two weeks away. What does it all mean for gold? Analysts say that even in the worst-case scenario, gold will see higher prices by year-end. Whether the U.S. will get […]

There has been a lot of talk lately about central banks implementing their own digital currencies. Why? As economist Daniel Lacalle notes, most transactions conducted using the world’s primary currencies are already electronic. In practice, the US dollar, the yen, the euro, the Swiss franc and the yuan already function […]

The Trudeau government spent as much as $100,000,000 more than needed, as prices for Baylis’ unapproved ventilators tower those of approved competitor Medtronic The Trudeau Liberals awarded Former Liberal MP Frank Baylis’ medical firm a contract for $237 million without calls for bids, and overpaid $10,000 per ventilator. The Montreal-based […]

Last week, President Trump tweeted the rug out from under stimulus when he announced that negotiations were going to be cut off until after the election. The markets immediately tanked. But Trump quickly reversed course. As Peter Schiff explained in his podcast, the president is now in the process of […]

It is necessary to highlight the speech of the throne that contained a declaration of war in the provinces of Alberta and Saskatchewan and in the Canadian oil industry could have seemed an exaggeration. However, it could be said that it was a reasonable interpretation of what Prime Minister Justin […]

LONDON (Reuters) — A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look like to help catch up with China’s “trail blazing” and leapfrog private projects like Facebook Inc’s FB.O Libra stablecoin. The central banks and the Bank for International […]

KEY POINTS Boston Fed President Eric Rosengren said years of low interest rates that encouraged risk-taking are making the current economic downturn worse. He specifically cited “low rates persisting for an extended period even after the economy has made progress in the recovery” that can create problems. Years of low […]

For years, we have been warning about dire consequences if central banks continue to meddle in the economy and financial markets. In December 2013, we wrote There is a serious possibility that the measures taken by the central banks have already created a situation in which their actions increase rather […]