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Well known Austrian economist and businessman Peter Schiff is in the process of desperately trying to save his bank, based in Puerto Rico, after local regulators shut it down, alleging that it has failed to meet capitalization requirements.
I've been addressing the war on cash lately, and for good reason. While everyone's attention is focused on the war in Ukraine, inflation and the Supreme Court, government plans to eliminate cash are accelerating.
Most market participants have been surprised by the last six months. The total return of the US Treasury Index was the worst since 1788 according to Deutsche Bank.
Euro Crashes To 20 Year Low As Recession Reality Trounces ECB Rate Hike Delusions
That is Bank of America's latest forecast for the growth of the U.S. economy in the second quarter.
Wells Fargo CEO Charles Scharf warned that America's economy is not prepared to deal with the Federal Reserve's interest rate hikes.
Fracas erupts over company's proper pronoun agenda
What do banks really do with your money? Unfortunately for us, they're not exactly being truthful about what they do with our money.
Two days ago Nomura's Charlie McElligott laid out the market's pernicious recession/non-recession feedback loop as well as the conditions tracked by traders to gauge if the "all-clear" has arrived, to wit:
he European Commission will close a public consultation on the digital euro on Tuesday (June 14), after feedback from EU citizens indicated that a central bank digital currency (CBDC) may not be as welcomed as regulators had hoped for.
Paul McGuire: Marxist and Communist Revolutionaries Are Bankrolled by International Banking Families
U.S. diesel consumption is likely to decline by 200,000 to 600,000 barrels per day (5%-15%) over the next year as the economy slows in response to rising interest rates.
The posturing that inflation is such a "surprise" is typical, but shameful nevertheless.
When asked if a United States CBDC would be used to control how, when and where the population spends their money, a senior vice president for the St. Louis Fed's Research Division responded, "in life, one can't give absolute assurance of anyth
In the anatomy of an economic crisis, a bank run is the point of no return.
Officials Use Health QR Code To Bar 'Protesters' From Accounts!
As far as we are concerned, it is no great secret nor any great surprise that our faith in fiat money (in general) and the central bankers who have debased it (in particular) and precipitated the death of capitalism is anything but robust
The explosion in retail demand for gold has made headlines, but retail investors aren't the only ones steadily stockpiling the yellow metal.
Bank of America's new report explains that "despite the sharp correction in crypto valuations, consumer interest in the sector remains strong."
Proof of central bank incompetence is nearly everywhere one looks.
Bank run in China being ignored by Western media could be precursor to massive economic collapse
On June 12, 1817 in the city of Mannheim, Germany, a local inventor by the name of Karl von Drais unveiled a brand new, futuristic invention he had just developed.
The plunge in the stock market is on mounting risks facing corporate earnings and a Federal Reserve that may have to pivot towards super hawk to combat the highest inflation in four decades.
The Bank of England (BoE) said on Friday it was satisfied that Britain's top banks could be shut down without putting at risk the stability of the financial system or disrupting customers . . . as it found "shortcomings" at three major lenders.
The director of the IMF and any number of central bankers met in Davos last week to discuss their plans to set citizens across the world on a path to a "sustainable" future. Central bank digital currencies (CBDCs) are a major part of this agenda.
A plan conceived by the Austrian central bank in 2015 to move 50 tonnes of their monetary gold from London to Switzerland has not been realized seven years later. Here is an introduction to what could possibly have happened.
Scotiabank is the first of the 'big five' banks to issue an apology over the freezing of bank accounts belonging to a trucker convoy protester.
Banks, Credit Unions See 'Devastating Consequences' Of Central Bank Digital Currency (CBDC)
- will Drive Them Out of Business Credit Unions and Banking Groups Warn of "Devastating Consequences" of a U.S Central Bank Digital Currency
JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same.
