Economist’s “News and Views” Sunday 3-10-2024


BTFP (Bank Term Funding Program) Shutdown Starts Tomorrow: Everything You Need To Know

Taylor Kenny:  3-10-2024

As the countdown to March 11th looms, the fate of the Federal Reserve’s emergency bank bailout program hangs in the balance, sending shock waves through the economy.

 Brace yourself for a riveting exploration of high-stakes finance, where the stakes couldn’t be higher and every decision reverberates with consequence.


 00:00 Bank Bailouts Set To Expire

 01:44 Significant Unrealized Losses

03:27 Bank Term Funding Program

05:56 Commercial Real Estate Debt

U.S. Economic Crash Worse than 1929 – Peter Schiff Issues Warning

Sachs Realty:  3-10-2024

Peter Schiff says the U.S. has made mistakes that will result in a depression worse than 1929

Rafi Farber: 1970s Are Repeating for Gold, Too, Not Just Silver

Arcadia Economics:  3-10-2024

Last week Rafi Farber detailed how the silver market is playing out the late 1970s almost exactly, and how we are currently situated in 1978.

Well, it’s not just silver. With gold at new all time highs and silver lagging, this was also the exact same situation of that year. History is repeating, and we should not be surprised, as human nature does not change.

Meanwhile, the Bank Term Funding Program is closing up next week, and one month later, about $80B in emergency loans from the Fed come due.

The problem is, the Treasury’s those banks turned in for all that cash, are even more underwater than they were back then. The Fed’s balance sheet will necessarily shrink by at least $80 one month from now, and this as the reverse repo facility comes close to zeroing out.

Gird your loins, as they say. It’s going to be an interesting springtime for gold bugs and silver apes. To find out more, click to watch the video now!