By: Malachy McDermott There is a clause to European bond sales called a collective action clause. In fact, “all bonds issued by Eurozone member states with maturities exceeding one year, issued after January 1, 2013, have a mandatory collective action clause.” This clause is the first part in a dangerous game of perpetual growth with zero savings that […]
Archives for January 2021
Why are you so wonderful? Press expectedly gives Jen Psaki an easy time
From day one, it was chaos at the White House, with a combative press going after Sean Spicer. Four years later, the White House Press Corps are embracing the Why Are You So Wonderful journalism and giving Jen Psaki a pretty easy time. Case in point, check out this comparison from the Washington Free Beacon:
Did Wall Street Bets win the war? GameStock settles up 68%
By: Andrew Moran Who says you need to possess an opulent office near the New York Stock Exchange, appear regularly on the business news channels, and use complex industry jargon to make it on Wall Street? In this environment, all you need is a little bit of capital, a free mobile trading application, and a meme to become […]
WATCH: Robinhood CEO Vlad Tenev talks to CNBC
He has a lot of ‘splaining to do. Robinhood CEO Vlad Teven appeared on CNBC to talk about the company’s restrictions on buying GameStop and several other stocks on the platform. The most important takeaway was that he confirmed he did not receive any pressure from major market players. Uh huh. Here is the interview:
Is the U.S. dollar collapse inevitable?
By: Doug French The Federal Reserve and the confederation of central banks which follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians’ and modern monetary theorists’ imaginations. In this flurry of metaphorical printing, one country, Russia, has loaded its central bank balance […]