Greg Hunter – Money manager Michael Pento has long warned about China’s rapid accumulation of debt that now stands at $40 trillion. The coronavirus coming out of China is only going to make China’s problems far worse.
Pento explains, “China has the biggest amassing of debt the world has ever seen and at the fastest pace never before matched in history. This is a country teetering on meltdown.
Multinational companies like Nike, Apple and Google . . . major U.S. corporations are saying we cannot give accurate readings for what’s going to happen in all of 2020, and yet Wall Street doesn’t care. It is because China, the United States and all the other central banks are printing money like never before trying to mollify the effects of this virus. . . . Continue reading “Maniac Money Printers Gone Mad Fighting China Virus [Video]”
Greg Hunter – A year ago, financial writer and precious metals expert Craig Hemke predicted the Fed would be forced to return to money printing. He was right. Hemke also predicted this would be bullish for gold and silver prices. He was right again.
Now, Hemke says, unlike the other times, this time, the Fed will not be able to stop the money printing. Hemke explains, “You’ve got to keep printing cash to service all this accumulated trillions and trillions of dollars of debt. You can’t grow your way out of it.
You have to print your way out of it. They can’t let the stock market go down. I think it’s a $20 trillion total market cap. If it went down by 25%, it would be $15 trillion. That would be $5 trillion that would just go poof, and now, your liquidity crisis is that much worse. . . . They can’t afford to let it go down because it will exacerbate the liquidity crisis.” Continue reading “Fed Cannot Stop Money Printing [Video]”
Greg Hunter – On the surface, everything looks to be going swimmingly for the U.S. economy. The rest of the world may not be doing as well as the U.S., but according to the legacy financial media, there is no real trouble being reported. Below the surface, warning signs abound that the economy is in trouble now.
One of the biggest warning signs is coming from the repo market that provides lending to financial institutions. Since mid-September, the Fed has been getting increasingly involved with providing funding as the banks that provided it in the past simply do not trust the other banks. Continue reading “Ignoring Dire Economic Warning Signs [Video]”
Greg Hunter – Money manager Peter Schiff says the Federal Reserve has already started a new money printing program that continues to expand the debt bubble and keep global markets propped up.
This started abruptly last month in what is called the “repo market,” where the Fed provides liquidity for traders of short-term money or overnight funding. Schiff says, “When the Fed was doing QE3, they were buying $85 billion worth of debt per month. They (Fed) just did $176 billion in three weeks, and they say they are not doing QE. So, the Fed is monetizing more debt not doing QE than when they were doing QE, which means they are doing it and they are going to have to do more of it.
The reason they are doing it is because the markets are finally trying to move interest rates higher because the Fed has been suppressing them. They are artificially low, and these artificially low interest rates have done tremendous damage to the economy over the years.
Continue reading “Global Debt Bubble a Gigantic Time Bomb [Video]”
Ron Paul – The US Constitution never granted the federal government authority to create a central bank.
The Founders, having lived through hyperinflation themselves, understood that government should never have a printing press at its disposal. But from the very beginning of America’s founding, the desire for a crony central bank was strong.
In fact, two attempts were made at creating a permanent central bank in America prior to the creation of the Fed. Fortunately, the charter for The First Bank was allowed to expire in 1811, and President Andrew Jackson closed down the Second Bank in 1833.
Continue reading “Federal Reserve Needs to be Audited and Then Ended as Soon as Possible”