Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...
financial markets
We Are Still Undergoing A Massive Stock Market Cycle Shift
Going into the end of last year and at the start of this year I released a series of videos in which I said that the stock market weakness last year and gyrations across multiple financial markets represented a major stock market cycle shift that would lead to a very...
The EU is Rotting (and Its Banks are Insolvent)
The EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principle is the state is superior to its people. A system of government can only work over the longer term if it recognises that it is the...
9/7/17 Mark Thornton on the Austrian Business Cycle Theory and where we are today
Senior fellow of the Mises Institute Mark Thornton returns to the show to discuss Austrian business cycle theory, how the Fed's artificially low interest rates create perverse incentives, resulting in wild spending on both the production and consumer sides of the...
With Bank Bailouts, Italy Secures Moral Hazard
Over the past weekend, two more Italian banks were forced to close due to insolvency. As is often the case, bad loans were the cause of the downfall for both banks. They made too many risky bets on borrowers that didn't pay off. Banca Populare di Vicenza SpA and...
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Diary of a Psychosis: How Public Health Disgraced Itself During COVID Mania
FOREWORD BY JAY BHATTACHARYA, MD, PHD Diary of a Psychosis is different from all other books on Covid: it traces the development of the government response as it happened, bit by bit, and subjects it to relentless scrutiny: did any of it do any good? It thereby...
Last Rights: The Death of American Liberty
Americans today have “freedom” to be fleeced, groped, injected, harassed, surveilled, vilified, disarmed, beaten, detained, and maybe shot by federal agents. From hapless homeowners hit by SWAT raids to pandemic lockdowns pointlessly paralyzing lives, government...
The Fake China Threat and Its Very Real Danger
Today the front pages and bookstores are filled with tales of the so-called "China Threat." From spy balloons to Fentanyl pipelines, genocide to dreams of world domination: CHINA! But is it all true? Is any of it? Now, for the first time, the speciousness of these and...