In this interview we discuss how the Federal Reserve and central banks are the true oppressors and what you must know about what they are doing right now.
On Friday, we relayed the latest observations from BofA chief investment officer, Michael Hartnett who concluded that there is just one bull market to short - namely credit - "and the Fed won't let you" by which he means all central banks.
One of the curiosities about the current global financial crisis is that unlike the global financial crisis of 2008 when a massive credit injection by China sparked a generous reflationary wave around the world....
But banks learned few lessons, and new laws intended to keep them from taking on too much risk have failed to do so. As a result, we could be on the precipice of another crash.This one could be worse.
We keep hearing from the Fed's defenders that the current spate of new stimulus and bailouts from the central bank are really not a big deal and are all very prudent and moderate.
The big bank has stopped making car loans through most independent auto dealers, which suggests that lenders more reliant on auto loans are headed for trouble.
Perhaps inspired by our recent articles showing that "Loan Defaults Hit 6 Years High" and "Bankruptcy Tsunami Begins: Thousands Of Default Notices Are "Flying Out The Door"...
Our observation that as of this moment the Fed owns, via the HYG and JNK ETFs, bonds of bankrupt rental company Hertz sparked inexplicable outrage in the bullish camp.
Smaller countries that have taken out billions of dollars in loans that they have promised to pay back in oil are starting to fall behind on their payments.
During March and April, amid global financial turmoil, unprecedented demand for physical gold, refinery closures and a London lockdown, one question on the minds of many in the gold market was how HSBC London, the vault custodian of the SPDR Gold Tru
Italian businesses struggling to survive the coronavirus crisis need cash now. What they're getting instead is finger-pointing as the government and banks blame each other for the slow delivery of desperately needed economic relief.
The phrase "don't fight the Fed" is an unfortunate but popular delusion. It presupposes that the central bank has limitless power to direct the economy because it can print limitless money.
Silver is the matrix of precious metals:
on the one hand, it is an industrial metal, critical to the production process in many of the world's most in-demand products;
and on the other hand, it has been 'money' for millennia, playing se
There are two parts behind the inflation mongering. The first, noted yesterday, is the Fed's balance sheet, particularly its supposedly monetary remainder called bank reserves.
The unprecedented monetary stimulus unleashed by the Federal Reserve to help combat the economy-destroying coronavirus has revived worries about hyperinflation which renders the dollar worthless and popular inflation hedges like gold rule the day.
One week after Bank of America's Benjamin Bowler showed the one indicator that convinced him that another crash is coming, today the equity derivatives strategist doubles down...
As with any piss-broke society that functions purely by taking on massive amounts of debt via money printing to try and keep itself afloat, the next obvious step after Central Banks make "loans" by printing money, is inevitable defaults.
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