Washington, D.C., is in the grip of “impeachment fever,” with many progressives calling for the impeachment of President Donald J. Trump. Rep. Maxine Waters (D-CA) is the leader of this group, but she has many followers, including Rep. Brad Sherman (D-CA), who has already introduced articles of impeachment against Trump despite being warned off by
Professor Ken Rogoff of Harvard is a chess grandmaster, world-class economist and author or co-author of several bestselling books on economics. He is also an advocate of negative interest rates, which is a form of wealth confiscation from savings accounts. Rogoff understands that savers who face a negative interest rate on bank deposits can easily
I’m sure you’ve heard of the “Green New Deal” put forward by House member Alexandria Ocasio-Cortez (D-NY) and Senator Ed Markey (D-MA). The back-up talking points for the Green New Deal included an end to the oil and gas industry, an end to air travel, an end to internal combustion engines in cars and an
In the past few weeks, we’ve sent you articles about the custody and ownership of Venezuela’s gold. First, Venezuela requested the return of 14 tons of gold held in custody at the Bank of England. The bank refused to return the gold and said it would be held on account for a future legitimate government
Since the end of QE and the “taper” in October 2014, the Fed has been trying to “normalize” their balance sheet and interest rates. The balance sheet needed to be reduced from $4.5 trillion to about $2.5 trillion through “quantitative tightening” or QT, which is tantamount to burning money. Interest rates needed to be raised
Most investors know that over 90% of the New York Stock Exchange and other exchange trading is done by robots, not people. These are not just electronic order matching systems for individual trades; those have been around since the 1990s. These are actual robots that make the trading decisions and decide when to enter trades
A Chinese financial and economic crisis has been in the forecasts of many analysts for years, including my own. So far, it has not happened. Does this mean China has solved the problem of how to avoid a crisis? Or is the crisis just a matter of time, set to happen sooner than later? My
A large number of China analysts are concluding that growth in China is slower than the official government reports. In fact, growth is even worse than the pessimists imagine. The statistics on Chinese GDP growth for the fourth quarter of 2018 and the full-year have been widely reported. Quarterly growth was 6.4% (annualized), the lowest
Since the end of QE and the “taper” in October 2014, the Fed has been trying to “normalize” their balance sheet and interest rates. The balance sheet needed to be reduced from $4.5 trillion to about $2.5 trillion through “quantitative tightening” or QT, which is tantamount to burning money. To read the rest of this
Wars are raging all over the world, yet relatively few are traditional shooting wars. Most are financial wars involving banks, payment systems, capital markets and gold. The latest example of a financial war is described in this article. The U.S. is in a complicated financial war with Venezuela. The U.S. has placed an embargo on
