Finance

Deutsche Bank Predicts New World ‘Disorder’, Cold War Between US and China

The new report comes on the heels of predictions by market analysts and hedge funds that the US dollar could lose over a third of its value against the euro and slide against other currencies in the coming months owing to poor US economic performance and ballooning debt in the wake of the coronavirus crisis. […]

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We’re at peak insanity: The Fed’s fiscal profligacy and greedy tech oligarchs are sinking capitalism faster than the Titanic

During my 40-year Wall St career, I’ve never seen a mania like this. The problem is that central banks are rogue hedge funds with printing presses who are not elected or accountable and make policies that are consistently wrong. US stock markets were rocked last week by massive volatility that saw the most significant declines […]

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America becoming another banana republic – Max Keiser 🎞️

In this episode of the Keiser Report, Max and Stacy look at the accumulation of debt in the United States in memory of David Graeber, author of ‘Debt: The First 5,000 Years’. Max also talks to Otavio ‘Tavi’ Costa, portfolio manager at Crescat Capital, about credit exhaustion among other things. They point out that the […]

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‘I don’t like saying it, but something will replace the US dollar’: Investor Jim Rogers says century of USD reign is ending

The dollar is on the brink of losing its status as the world’s main reserve currency, prominent US investor Jim Rogers told RT, following reports of China’s plans to drop a huge chunk of its American debt holdings. With a national debt of over $26.5 trillion, “the US is now the largest debtor nation in the […]

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Demand for US dollar as world’s reserve currency ‘seems to be waning’ – Deutsche Bank

The currency markets are currently facing “multiple cross-currents” on rising global concerns over a potential second wave of Covid-19, said Deutsche Bank’s chief Asia macro strategist Sameer Goel. According to him, the “big question” for investors right now is whether the US dollar should be trading at a safe-haven risk premium.

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‘The Fed can’t print gold:’ Bank of America sees bullion price surge to $3,000 as paper money crumbles

At a time of weak economic growth and increased market volatility, analysts are getting more bullish on gold. According to Bank of America, the precious metal is headed 78 percent higher, to hit $3,000 per ounce in 18 months. “As economic output contracts sharply, fiscal outlays surge, and central bank balance sheets double, fiat currencies […]

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Forget the oil prices, the whole US dollar bubble is deflating – Peter Schiff 🎞️

The drop in oil prices is likely to be short-lived, veteran stock broker Peter Schiff told RT, since the deflation of the whole US debt bubble and crash of the dollar will make the prices of oil and other commodities bounce up. Decline in demand for oil due to the coronavirus epidemic, further reinforced by […]

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US oil market crashes to NEGATIVE in historic plummet

West Texas Intermediate oil prices have gone negative in a record low for the US benchmark, as the market continues to crater amid the general economic collapse. Vanishing demand and a glut of supply have combined to heavily impact the US benchmark fuel, with prices dropping from $18.27 to close at -$37.63 a barrel on […]

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US Federal Reserve ‘put the world on its back’ with $2.3 TRILLION injection, chief research analyst tells Boom Bust 🎞️

As organizations like the IMF and the UN warn that this is the worst economic crisis since the Great Depression, the US central bank has once again decided to pump trillions of dollars into the economy. RT’s Boom Bust talks to the CEO of Transformity Research, Tobin Smith, who has been sounding the alarm lately, […]

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‘F-You, Main Street!’ Federal Reserve will now buy junk bonds while it bails out banks and billionaires

In less than a month 17 million Americans have applied for unemployment, while the Federal Reserve has focused on bailing out board rooms, billionaires, bankers and builders. Let them all fail. Last week I wrote about Wall Street corruption and fraud in the $6 trillion “rescue package”. CEOs depleted assets, took home record pay and […]

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For 40 years I watched ‘rampant fraud’ on Wall Street destroy capitalism, Covid-19 nailed its coffin shut

The Covid-19 market turmoil set off a chain of flashbacks in my mind, from crisis to crisis over the past 40 years. They all fit together in a picture of Wall Street fraud and criminal policies, with the virus as the last straw. Last week, I spoke with a young stock trader currently working on […]

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Here are the six countries that will be most affected by coronavirus-induced economic chaos

Time to buckle up: economists believe the looming Covid-19 crash will throw millions out of work and bankrupt thousands of businesses across the globe in a downturn that might even surpass the Great Depression of the 1930s. Economics is the study of choices, and never more so than now. It’s now clear that, with the […]

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US stocks plunge despite Fed promises to pump unlimited amount of money into economy

Wall Street’s main indices are down after opening on Monday for the first ever all-electronic trading session, which is aimed at protecting New York Stock Exchange employees from the coronavirus. Both the Dow Jones Industrial Average and the S&P 500 are down around two percent. The Nasdaq Composite, an index comprised of America’s top technology […]

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‘Too Low, Too Late’: US Treasury’s Proposed Payouts Won’t Stem Economic Downturn

US Treasury Secretary Steve Mnuchin announced that the Trump administration may send checks to Americans “in the next two weeks” to fight the economic fallout of the COVID-19 novel coronavirus. Though the amount is unknown, an economics expert tells Sputnik that the government has already failed on the matter. “We’re looking at sending checks to […]

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The lesson US shale refuses to learn

In 2014, shale drillers were pushed to the brink of oblivion by low oil prices, and today with prices nearing similar levels it seems the sector has not learned its lesson. It feels like 2014 for the oil industry all over again, except this time, things could get even worse. Most US shale wells have […]

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