ASIA: Prime Minister Narendra Modi sought forgiveness from the nation’s poor for his 21-day nationwide lockdown. During his address on national radio on Sunday, PM Modi said there was no other option to control this pandemic. The nation-wide lockdown has resulted in the mass exodus of hundreds of thousands of migrant laborers working in the […]

Europe is the epic center of our economic doom. Their socialistic polices have been following Marx since Word War II. They have used the Quantity Theory of Money and took interest rates negative in 2014 and have been unable to stimulate their economies because they tax the “rich” which has done nothing but impoverish the […]

Here we go with the same old hypothesis over the Quantity Theory of Money that Trump is (1) nationalizing the Fed, (2) the Fed’s actions are worse than the virus, and (3) Forbes proclaims that the Trump & the Fed are destroying the dollar. It is really fascinating how these propositions running around are not […]

The former Prime Minister Gordon Brown has urged world leaders to create a temporary form of global government to tackle the twin medical and economic crises caused by the Coronavirus. He is no fool. He knows once there is the formation of anything pretended to be “temporary” it exists forever. Why are these people so […]

ASIA:  The Reserve Bank of India’s Monetary Policy Committee met today and announced a series of measures to counter the economic slowdown caused by the novel coronavirus pandemic. The repo rate and reverse repo rate have been cut by 74 bps and 90 bps respectively. All commercial banks and lending institutions can allow a three-month […]

ASIA: India announced an economic stimulus package worth $22.5 billion on Thursday to help millions of low-income households cope with a 21-day lockdown due to the coronavirus outbreak. The package will be disbursed through food security measures for poor households and through direct cash transfers to the beneficiaries’ bank accounts directly. India banned exports of […]

QUESTION: Hi Martin, Awhile back you mentioned the ECB doesn’t have unilateral authority to expand the money supply, and that the political crisis in Europe would begin once the ECB ran out of cash reserves. How far off are we from that moment, and how does the Repo crisis tie into that? CG ANSWER: Yes. […]

ASIA: India’s informal sector which comprises of approx. 1 million daily wage workers (mainly working in the construction sector) may face a big problem after the country went into a complete lockdown for 21 days. Many Indian states have announced packages ranging from 1K INR to 5k INR to support the daily wage workers but […]

ASIA: India announced a nationwide lockdown starting at midnight to contain the novel coronavirus. The duration of the lockdown will be 21 days. India also announced 21.5 million USD of fund allocation to strengthen the health infrastructure in the country. The total cases of coronavirus have surpassed 500 in India. India’s central bank, the Reserve […]

COMMENT: Hi Marty, No one has been more spot on before the deluge than you in calling these moves. Have you ever seen such idiocy in all your life as is on full display today with these politicians jockeying for position, cramming their pet projects into the bailouts and trying to without support for funding while the […]