Economist’s “News and Views” Friday 5-3-2024

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Will Higher Taxes Crash Markets? Is The Fed Losing Independence? Economist Steve Hanke Answers

David Lin:  5-3-2024

Steve Hanke, Professor of Applied Economics, addresses a supposed 10-page document outlining a “secret” plan to curtail the Federal Reserve’s independence, as well as rising inflation concerns and monetary policy outlook.

0:00 – Intro

0:38 – the Fed

13:24 – Capital gains tax increases

31:16 – Inflation and monetary policy

35:58 – Cantillon Effect

 42:17 – Argentina’s budget surplus

https://youtube.com/watch?v=QnCaHOyjpgs%3Ffeature%3Doembed%26enablejsapi%3D1

EXPECT BANK RUNS: HUNDREDS of US Banks WILL FAIL and Face Bank Deposit Runs Soon

Lena Petrova:  5-3-2024

https://youtube.com/watch?v=wmmYMj6uCAM%3Ffeature%3Doembed%26enablejsapi%3D1

BRICS – who’s behind the curtain – LFTV Ep 171

Kinesis Money: 

In this week’s episode of Live from the Vault, Andrew Maguire guides viewers through the community’s inquiries regarding the short, medium and long-term prospects for physical gold prices.

The seasoned precious metals expert unveils the behind-the-scenes manoeuvres influencing gold and silver markets, providing insights into the forthcoming BRICS currency, and offering a glimpse into what lies ahead.

Timestamps:

 00:00 Start

02:05 BRICS currency update

 08:15 Forced Basel III NSFR compliance coming to a head?

14:30 How has the Bank of International Settlements (BIS) viewed the recent price breakout? 19:50 The physical market is driving these changes

 24:40 What Andrew is seeing in the markets for the short-term