Could the government prohibit ownership of gold? If inflation skyrockets and the state loses control of the situation, this could be a reality, warns a hedge fund manager. According to a letter to investors that was seen by Bloomberg, Crispin Odey, one of Europe’s highest-profile hedge fund managers, warns that the authorities could come for […]
Archives for May 2020
REPORT: 4.1 million Americans are skipping mortgage payments
As nearly 40 million Americans are out of work, how is the mortgage market doing during the coronavirus pandemic? Well, according to the Mortgage Bankers Association (MBA), the industry is not facing a crisis. Still, the data suggests it is important to keep one eye on the sector. The MBA reports that 4.1 million homeowners […]
WISDOM: Paul Krugman says U.S. needs more unemployment to fight unemployment
By: William Anderson It has been a long time since I read anything by Paul Krugman, and seeing his most recent column simply reminds me why I’ve not missed anything. As both an extreme Keynesian and political partisan, he long ago abandoned economic analysis for something economists should recognize as nothing less than what Mises called metaphysics. Nonetheless, my curiosity […]
TABLES HAVE TURNED? China could default on $1.6 trillion debt to U.S.
What an interesting turn of events. After it was reported that the White House is considering defaulting on some or all of its $1.1 trillion debt to China, it was reported that China owes the United States, too. The Fox Business Network is out with a fascinating story that the U.S. possesses $1.6 trillion in […]
DEBT & ADDICTION: How the world became a slave to China
By: Andrew Moran The British Empire controlled the 19th century. The United States dominated the 20th. Will the 21st belong to China? Beijing possesses all the hallmarks of a superpower that could lead the world for the next 100 years. Whether this is a positive development or a frightening prospect will be left up to the historians, analysts, […]