Banking

As the ripple effect of the COVID-19 pandemic rages on, central banks have been quick to act in slashing interest rates. However, with rates already sitting at historic lows before the crisis, it is possible that banks may be forced to employ more unconventional and controversial techniques to try and calm the economy as time goes on.

The 11th annual Financial State of the States report, a nationwide analysis of the most recent state government financial information - completed prior to the coronavirus pandemic - has just been released and it found that 39 states did not have enough money to pay all of their bills.

The next downward move in stocks will have central banks running to the rescue. Virtually every country will need to go negative with interest rates which will set off a chain of events that will change the world and the global financial systems. Here’s the playbook on how I believe this will all play out:

Americans, and governments across the world, have more debt than they can ever hope to repay and that's why a number of public figures are suggesting a radical and ancient solution; a debt jubilee...

The Federal Reserve has vowed to provide up to US$2.3 trillion in lending to support households, employers, financial markets and state and local governments struggling as a result of COVID-19 and corresponding stay-at-home orders...[but] very little of the Fed’s money actually comes from taxpayers or sales of government bonds. Most of it, in fact, emerges right out of thin air.

How did the U.S. Government get away with paying less interest expense on $3 trillion more debt?? Here's how.

If you read only one post all year, this is the one I want you to read. I think it’s that important so please take some time to learn about Modern Monetary Theory.

Please take or leave what I am about to say as you like. 

The Federal Reserve system is an imperfect, but rather innovative, clearinghouse. Its structure as, “independent within government,” makes it hard to decipher precisely who owns it but here's my understanding of what it actually is.

Suppose you were NSA whistle-blower Edward Snowden, or fictional international spy Jason Bourne, and the most powerful intelligence agencies on the planet were hunting you. Where would you go? A crucial factor in deciding where to go is whether or not the country has an extradition treaty with the U.S. This article presents a list of all such countries and less extreme ways to protect yourself from the untoward actions of your government. Words: 519