Schiff Gold, Released on 3/13/23The failure of Silicon Valley Bank and Signature Bank reminds us of a very important truth - if you can't hold it in your hand, you don't really own it.Continue... If You Can't Hold It, It's Not Really Yours added by Herman James on 03/14/2023View all posts by Herman James ?+'Read More
The LaRouche Organization, Released on 3/13/23Four converging crises, which are the result of a corrupt and dangerously incompetent perspective on strategic and economic policy, are blowing up in the face of the Biden administration and its accomplices trying to preserve the Unipolar Order. These are the stalemate and likely loss of the war against Russia in Ukraine; the implications of the strate...Read More
YouTube/PeterSchiff, Released on 3/13/23Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journa...Read More
Wall St. For Main St., Released on 3/13/23During this 40+ minute interview, Jason asks David about the Austrian School of Economics boom and bust cycle caused by central banks like the Fed. Are the Fed rate hikes finally the pin that causes the boom to go bust? David talks about the bank bailouts for Silicon Valley Bank and Signature Bank. The root cause is fractional reserve banking. The rest of...Read More
Armstrong Economics, Released on 3/13/23It is no secret that the US is instigating China to enter World War IIIContinue... Martin Armstrong on the House voting unanimously to declassify the origins of COVID added by Herman James on 03/14/2023View all posts by Herman James ?+'Read More
Blockworks Macro, Released on 3/13/23Danielle DiMartino Booth, CEO & Chief Strategist of Quill Intelligence, joins Jack Farley to share her thoughts on how the ongoing turmoil in the U.S. regional banking sector will affect the economy and the Federal Reserve's fight with inflation.Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She sp...Read More
The financial world is today reeling from the failure of Silicon Valley Bank (SVB). SVB was an FDIC insured commercial bank regulated by the State of California and the Federal Reserve System.On Friday, March 10, the FDIC abruptly closed the bank, moved some deposits to a newly created bank controlled by regulators, wiped out large deposits, and began a process of selling bank assets and gradually...Read More
Daily Reckoning, Released on 3/13/23The financial world is today reeling from the failure of Silicon Valley Bank Continue... Rickards: Another Billionaire Bailout! added by Herman James on 03/14/2023View all posts by Herman James ?+'Read More
The Daily Gold, Released on 3/13/23The 3 things to watch this week are Gold's weekly/monthly resistance at $1950 and Gold's potential breakouts against the stock market and foreign currencies. Gold against the stock market and Gold against foreign currencies typically lead the Gold price. Breakouts in those two ratios would imply Gold can break above $1950 in the short-term and test $2050. Because...Read More
CNBC, Released on 3/13/23Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a graduate of Dartmouth College s...Read More
When depositors worry about a bank's ability to make good on its deposits, it can quickly become rational to panic, move deposits out, and ask questions later. We have the FDIC to guarantee the value of deposits smaller than $250,000, so there is no need to run if you're under that limit.But if you're a business with a very large bank balance that you're using to fund payrolls or other operating e...Read More
The Hill, Released on 3/13/23The Biden administration on Monday approved a massive drilling project in Alaska, allowing oil company ConocoPhillips to move ahead with the 30-year project over objections from environmental groups.Continue... Biden approves controversial oil drilling project in Alaska added by Herman James on 03/13/2023View all posts by Herman James ?+'Read More
Peter Schiff - Twitter, Released on 3/13/23#Powell said the strong U.S. economy could easily withstand the #Fed's interest rate hikes. I said the rate hikes would cause a financial crisis, as thanks to ZIRP and QE the banks were loaded up with too much debt to handle the rise. Once again the Fed was wrong and I was right.- Peter Schiff (@PeterSchiff) March 13, 2023 Peter Schiff is an internati...Read More
Mish Talk, Released on 3/12/23Treasury Secretary Janet Yellen was on Face the Nation this morning, Let's tune in.Continue... Mish Shedlock: Janet Yellen Says "No Bailout of SVB" But What Does That Mean? added by Herman James on 03/13/2023View all posts by Herman James ?+'Read More
Armstrong Economics, Released on 3/12/23The Biden Administration is responding to the panic phone calls that theirContinue... Armstrong: The Banking Crisis is Global - Not Confined to the USA added by Herman James on 03/13/2023View all posts by Herman James ?+'Read More
CNN, Released on 3/12/23"The current interest rate environment has had dramatic effects on the profitability and risk profile of banks' funding and investment strategies," said FDIC Chairman Continue... US banks sitting on unrealized losses of $620 billion added by Herman James on 03/14/2023View all posts by Herman James ?+'Read More
Dr. Eli David - Twitter, Released on 3/12/23Head of SVB's Financial Risk Management was the co-chair of LGBTQ+ employee resource group to "help spread awareness of queer experiences" ????Get woke, go broke._ pic.twitter.com/2MrHj3PExj- Dr. Eli David (@DrEliDavid) March 12, 2023 Get woke, go broke... added by Herman James on 03/12/2023View all posts by Herman James ?+'Read More
Kitco News, Released on 3/12/23E.B. Tucker, Director at Metalla Royalty and Author of "Why Gold? Why Now", joins Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, to discuss why he thinks a cyberattack will be used as pretense to bring in Central Bank Digital Currencies (CBDCs) like FedCoin, giving government unprecedented control. Tucker discusses how to protect one's wealth in this...Read More
Jim Rickards - Twitter, Released on 3/12/23$25 billion of the bailout plan announced tonight is from Treasury's Exchange Stabilization Fund. Anyone know where that money came from? It's the insider trading profit FDR made in 1933 when he confiscated gold at $20/oz and repriced it to $35/oz. Steal the gold, pay the rich. pic.twitter.com/jjrebDlsru- Jim Rickards (@JamesGRickards) March 13, 2...Read More
AP News, Released on 3/12/23In a sign of quickly the financial bleeding was occurring, regulators announced that New York-based Signature Bank had failed and was being seized Continue... US government moves to stop potential banking crisis added by Herman James on 03/12/2023View all posts by Herman James ?+'Read More