Helping You Survive and Prosper in the Greater Depression
What crazy 72 hours for Silicon Valley Bank, the U.S. government, and the financial system. President Joe Biden will deliver remarks about SVB, the financial system, and the broader economy. Here is the … [Continue reading] about Watch: Joe Biden to deliver remarks about Silicon Valley Bank
The U.S. government will not bail out Silicon Valley Bank, says Treasury Secretary Janet Yellen. Speaking on CBS' "Face the Nation" on Sunday, Yellen confirmed that the federal government will not intervene and use taxpayer dollars to bail out the … [Continue reading] about Janet Yellen confirms U.S. government will not bail out Silicon Valley Bank
President Joe Biden is proclaiming to every media network that his 2024 budget reduces the deficit is a myth. This does not happen at all. In fact, he actually adds $3 trillion to the decade-long deficits. In the 2023 budget, Biden projected … [Continue reading] about The myth of Joe Biden’s 2024 budget deficit reduction plan
The number of Americans filing for unemployment benefits climbed to 211,000 in the week ending March 4, up from 190,000. This was also higher than market estimates of 195,000. Does this mean the Federal Reserve's tightening is working and finally … [Continue reading] about ‘Head fake’: Don’t believe the three-month high initial jobless claims
How will the Federal Reserve crack down on cryptocurrencies? Fed Vice Chair Michael S. Barr will appear at a PIIE event to talk cryptos. Here is the link to the video: https://www.youtube.com/watch?v=1-JgMd1HtOE … [Continue reading] about Watch: Federal Reserve Vice Chair to talk cryptocurrencies at PIIE event