Yellen Trashes GOP Plan to Prioritize Debt Payments
Appearing before the Senate Finance Committee Thursday, Treasury Secretary Janet Yellen said in no uncertain terms that she does not think a Republican proposal for...
China Unexpectedly Cuts Reserve Ratio For Banks, Injecting $73BN To Stimulate Economy
Early Friday, China’s central bank surprised by announcing an unexpected cut to the amount that banks set aside for deposits by 25 basis points, vowing...
SVB Financial Files For Chapter 11 Bankruptcy
SVB Financial Group, the company whose former subsidiary Silicon Valley Bank was taken over by the Federal Deposit Insurance Corporation last week, filed a voluntary...
The Comex is in Far Worse Shape Than SVB if the Run on Physical Accelerates
March 18, 2023 by SchiffGold 0 0 Given the potential impacts of the ongoing banking crisis, I will start this article with the conclusion. The current banking crisis...
“The Fed Is Broke” – Gundlach Likes Gold, Fears “Expanding Wars” Most
In the past week, DoubleLine CEO and founder Jeffrey Gundlach has had a lot to say as the US banking system collapse and bailout enjoins...
Will Americans end up footing the bill for bank failures?
WASHINGTON (AP) — The government’s response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans...
Dollar slips as banking turmoil snares markets By Reuters
© Reuters. FILE PHOTO: A U.S. one dollar banknote is seen in this illustration taken November 23, 2021. REUTERS/Murad Sezer/Illustration/File Photo By Herbert Lash and...
The Great Bond Bomb Was Ticking So Loudly No One Could Hear It Over Its Own Noise
Now that the Big Bond Bust has happened, as promised here, everyone wants to know how it happened. I want to know how on earth so...
The Federal Reserve Is the Root Cause of the Banking Crisis
The Justice Department has announced it is investigating the banking crisis. It will undoubtedly charge that banking officials are responsible for the crisis. One thing...
Fed Announces Launch Of ‘FedNow’ Real-Time Payment System, Sparking Debate
Authored by Tom Ozimek via The Epoch Times, The Federal Reserve has announced a timeline for the launch of its long-awaited FedNow payment service that...