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"Surreal Debt Tsunami": IIF Shocked To Forecast Global Debt Hitting $360 Trillion In Ten YearsNov 19, 2020 - 05:06:34 PST
"If the global debt pile continues to grow at the average pace of the last 15 years, our back-of-the-envelope estimates suggest that global debt could exceed $360 trillion by 2030—over $85 trillion higher than current levels."
Health journalist Bill Sardi joins today's Liberty Report with the results from his extensive reporting on Covid and the rush to a vaccine.
"Until we start questioning 'the science' or demand that our policymakers stop hiding behind the boastful yet ambiguous label of 'science' and adequately identify precisely what evidence they are following, we will be sucked into an endless spiral of cyclical shutdowns." ~ Micha Gartz
Researchers in Denmark have just published a revolutionary new study which purports to offer more conclusive evidence that wearing masks actually does little to mitigate the spread of COVID-19.
The US government has borrowed $4.2 trillion in the last 12 months, pushing the total national debt to over $27 trillion. In order for Uncle Sam to borrow, somebody has to lend. So, who is buying all of these government bonds?Foreign and domestic investors, commercial banks and US government entities all buy US debt, but increasingly, the Federal Reserve is backstopping the market and making this borrowing binge possible.
The coronavirus has infected more than 56.07 million people globally as of Wednesday, killing at least 1.34 million people so far.
The Silver Chart That Has The Federal Reserve & Central Bankers Extremely ConcernedNovember 19, 2020
For the first time ever, this silver market dynamic has the Federal Reserve and Central Bankers extremely concerned. While gold may be the most important sound monetary asset on the central bank balance sheet, they hold relatively little silver. Thus, the majority of investment silver held in the world is...
Gold has significantly outperformed stocks this century, gaining about 555% versus 79% for the MSCI All-Country World Index of stocks and 146% for the S&P 500 Index.(1) This is a direct result of significantly looser financial conditions, and no constraints on monetary and fiscal policy. From a financial perspective, the global economy is in a much worse place than 20 years ago, and there is no evidence that things are going to improve.
Silver market analyst Ted Butler marvels today at how 20% of the world's known thousand-ounce silver bars managed to move this year into the inventories of silver exchange-traded funds and Comex vaults without exploding the metal's price.
"Instead of providing relief to low income earners and closing the inequality gap, low rates for a lot longer may actually exacerbate it."
About twenty-four hundred years ago, the Greek philosopher Plato came up with the idea constructing the state and society according to an elaborate plan.
Ironically, we vote for a president who has limited power, but a hand on the nuke button; whereas, we don’t vote for the Fed chair, who has nearly unlimited power, and a hand on the economic equivalent to the nuke button; the ability to conjure money out of thin air.
In spite of fierce opposition from numerous US senators—and countless screeds against her issued by pundits and establishment economists—Judy Shelton still has a chance of being confirmed to the Fed Board of Governors this week.
Nov 18, 2020 - 12:06:30 PST
Jamie Dimon has served as Chairman and CEO of JPMorgan Chase during all five felony counts as well as a much broader crime spree that has resulted in fines and settlements of more than $37 billion.
Inflation expectations, a big one, despite the voting and the vaccines, haven’t budged. Seriously, they’ve barely moved in months. Not only that, it’s not like they’ve already achieved some high level. Quite the contrary, inflation expectations have been stalled out at historically low levels.
Bill Gates Says More Than 50% of Business Travel Will Disappear in Post Coronavirus WorldNov 18, 2020 - 11:24:52 PST
"We will go to the office somewhat, we'll do some business travel, but dramatically less," Microsoft co-founder Bill Gates said.
Cancel Thanksgiving, Stay Home, Wear a Mask, State & City Leaders Impose Targeted RestrictionsNov 18, 2020 - 11:14:49 PST
Without a cohesive federal plan, state and local officials are imposing stay-at-home orders, curfews and other measures to curb the coronavirus.
Nov 18, 2020 - 09:53:18 PST
Global debt is expected to soar to a record $277 trillion by the end of the year as governments and companies continue to spend in response to the COVID-19 pandemic, the Institute of International Finance said in a report on Wednesday.
None of this would be a problem if Asia's economies were growing faster than its debt. But as this chart of GDP projections shows, Asia is slowing.
Nov 18, 2020 - 09:43:15 PST
Fed's Williams speaks during online event
- fiscal support has been critically important
- expiring fiscal aid will slow economy and months ahead...