If you’re one of those people who trusts that the people at the top know what they’re doing and have things under control, you might want to stop now, because it’s becoming abundantly clear that they don’t know what they’re doing. That’s particularly true within the Federal Reserve System, which is throwing unlimited amounts of […]
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Former Chicago Mayor Rahm Emanuel was famously quoted as saying that one should never let a good crisis go to waste. Well, we finally have a good crisis with the spread of coronavirus, and governments at every level are taking full advantage of that crisis. Not surprisingly, gun owners are bearing the brunt of their […]
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The coronavirus epidemic has brought to the public’s attention that, despite all the rhetoric we like to hear about how all Americans are equal, some are more equal than others. With the virus spreading across the country, numerous Americans are worried about whether or not they have it. But to even get tested for the […]
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With coronavirus fears sweeping across the nation, many people are wishing they had stocked up on food and supplies when they still had the time. It isn’t too late, as grocery stores are still open, and many still have food on the shelves, although you’ll be limited in what you can buy. Some longer-term storage […]
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The last couple of weeks have seen an unprecedented amount of Federal Reserve intervention in financial markets. Just to recap, here’s what the Fed had already done as of last Friday: Pledged up to $5.5 trillion in repo market liquidity; Cut its target federal funds rate to zero; Promised at least $700 billion in quantitative […]
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When the Federal Reserve announced its Commercial Paper Funding Facility last week, a facility that hasn’t operated since the 2008 financial crisis, many commentators and analysts jokingly wondered when the Fed would bring back other 2008-era rescue vehicles, such as the Term Auction Facility, the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, and […]
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We’ve been warning about an oncoming financial crisis for a while now. The fact that a financial crisis would occur was all but inevitable, given the massive bubble blown by the Federal Reserve’s extraordinarily loose monetary policy over the last 12 years. But despite the numerous warning signs that markets were flashing, many investors just […]
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Looking at news from Europe, it seems incredible how draconian their governments are at combating the coronavirus. France, Italy, and Spain in particular have banned their citizens from leaving their homes, except for a handful of exceptions, such as getting food, medical care, etc. And those people who do leave their homes are expected to […]
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In recent weeks markets around the world have been going nuts. Stocks have plummeted, safe havens like gold and silver have also dropped, oil continues to sink, and cryptocurrencies are joining them. It seems like investors and savers around the world are eschewing any sort of investment or hard asset and fleeing for the safety […]
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It seems that every day brings more and more knee-jerk panics from government at all levels throughout the country. Our entire way of life is being upended as we’re asked to trust people whose only qualifications are that they were elected to office by a small percentage of the population. Even the so-called medical “experts” […]
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