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Tag Archives: Federal Reserve

Currency Wars: The Rise of Hyperinflation (Video)

The evil Empire has the ultimate weapon – the printing press. This diabolical machine is capable of bringing death to the dollar and destroying the entire economy. Watch the drama unfold as Peter Schiff and his rag-tag band of Austrian School economists fights the evil empire and tries to save the Republic from the Keynesian menace. President Trump’s chief economic advisor. Larry Kudlow. used to worry about the Federal Reserve’s monetary policy. As a talk show host, Kudlow was concerned...

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Stimulus Bill Throws Veil of Secrecy Over the Federal Reserve

Last week, Congress passed a $2 trillion stimulus bill in an effort to offset the economic impacts of the coronavirus. Most people have focused on the $1,200 checks to Americans and bailouts for industries hard-hit by the economic shutdown. But the 883-page bill does a lot more than that, including empowering the Federal Reserve to hand out billions of dollars in complete secrecy.The stimulus bill authorizes the Fed to create $454 billion out of thin air and loan it out. The provision...

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Corruption in the Time of Coronavirus

Now even the fig leaf is gone.  By Karen Parker Feld, The Irreverent Economist at Paladin Advisors: On March 23, the Fed announced its largest-ever intervention in the financial markets. Bazooka is too timid a word to describe it. More like a neutron bomb. Our central bank, supposed defender of the currency and the stability of markets, can now purchase an unlimited amount of US Treasury and agency mortgage-backed securities (now running at the unheard-of rate of $625 billion per...

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We’ve Been Stimulated! SchiffGold Friday Gold Wrap March 27, 2020

On Monday, the Fed announced QE infinity and by mid-week, Congress had agreed on a $2 trillion stimulus package to battle the economic impacts of the coronavirus. That launched us into a bizarro world where a weekly record of over 3 million unemployment claims led to a huge stock market rally. As Mike Maharrey put it in this Week’s Friday Gold Wrap podcast, ladies and gentlemen, we’ve been stimulated. So, what exactly did the Fed do? What are the long-term ramifications? And can it work?...

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Helicopter Money for Wall Street

Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade. By Wolf Richter for WOLF STREET: Total assets on the Fed’s weekly balance sheet, released this afternoon, spiked by $586 billion in one week, to $5.25 trillion. This doesn’t even include yet the bulk of the mortgage-backed securities (MBS) the Fed bought over the past two weeks because the Fed books them when its trades settle, and MBS trades take a while...

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With Heroes Like This, Who Needs Villains?

According to Owen Ullmann in an op-ed published by , there are some unsung “heroes” in the battle against the coronavirus pandemic – the brave and courageous bankers at the Federal Reserve.I think Ulmann misspelled “villains.”Ulmann writes that the Fed “has taken extraordinary steps to prevent the global economy from crashing into irreversible catastrophe as business around the world grinds to a virtual halt.”This is like praising the arsonist for trying to put out the fire he set by...

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It’s Going to Be a Rush to Gold; The Dollar Is Cooked

On Wednesday, Congress finally agreed on a government stimulus/bailout plan to battle the economic impacts of coronavirus to the tune of over $2 trillion. Meanwhile, the Federal Reserve has committed to monetize the debt with QE to infinity. Practically speaking, we’re talking about trillions of dollars being injected into the US economy – all of those dollars created out of thin air.So, what does all of the money creation and government spending mean for gold?Peter Schiff said that with...

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The Central Bank Playbook Is Played Out

The Federal Reserve launched QE infinity this week. The Fed has committed to buy an “unlimited” amount of US Treasuries and mortgage-backed securities. But that’s not all. The central bank also announced it will buy some corporate bonds for the first time ever.In effect, this is money-printing on a massive scale. And of course, pumping trillions of dollars into the economy will have ramifications. We may well be on the path to hyperinflation.But the Federal Reserve is not alone. The...

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Peter Schiff: This Is Where the Problem Really Starts

The Federal Reserve has launched QE infinity. As Peter Schiff put it, the Fed has gone all-in on quantitative easing.So, what does this mean? What are the ramifications of all this debt monetization and money printing? In his podcast, Peter said this is where the problems really start. The US stock markets got a mega-boost Tuesday as the reality of QE infinity began to sink in. The Dow Jones saw its biggest point gain in history, up 2112.98 points. It was the biggest percentage gain since,...

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Peter Schiff: Hyperinflation Is the Most Probable Scenario

March 23 was Peter Schiff’s birthday. It was also the day the Federal Reserve announced QE Infinity. So, Peter spent over three hours hosting a live videocast talking about the latest Fed moves, the potential impact on the economy and answering questions from viewers.Peter said he was hoping to combat the rampant economic ignorance that is pretty much everywhere.There’s probably one thing that is spreading right now throughout the country faster than the coronavirus and that is economic...

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