QUESTION: Marty; The goldbugs are back and claiming the Repo Crisis is MMT and this is again just printing money endlessly to cover up a major banking crisis in the USA so buy gold of course. You said at the WEC cocktail party this would happen because these people never understand the world economy. Is […]

ASIA: A lot of pessimism in the news today regarding the US and China trade deal, with agricultural and concerns over intellectual property being the main sticking points. In addition to this, China came out with a bold statement for the US to stop flexing its muscles in the South China Sea in a separate […]

ASIA: China is insisting that the US retract any tariffs as a part of “phase one” of the trade deal. “The trade war was begun with adding tariffs, and should be ended by canceling these additional tariffs. This is an important condition for both sides to reach an agreement,” China’s Ministry of Commerce spokesperson Gao […]

ASIA: More protests occurred overnight in Hong Kong as students and police have been clashing. China will most likely intervene in Hong Kong as their previous “hands off” policy is not providing the desired result. China released a new submarine. The JL-3 has a range of up to 7,500 miles and could reach the US […]

QUESTION: Do you think it is remotely possible for any return to a gold standard? I believe these arguments are not realistic. DR ANSWER: The fringe fantasy of a return to the gold standard just never dies. If we did not have vast unfunded liabilities and rising socialism to contend with, then such a possibility […]

QUESTION: Martin, I heard an interesting argument recently about the Fed injecting money into the repo market. This person said that Dodd-Frank allows the fed to inject money directly into the banking system as in the case of the repo market, and this makes another 2008 impossible because all of the risk is now transferred […]

ASIA: Tensions are showing no signs of relief in Hong Kong after two protesters were shot by police over the weekend. Recent sparks of tensions came about due to a student dying due to falling off a building after a police raid due to the protests. Chinese commerce company Alibaba set a new sales record […]

ASIA: The Chinese Community Party has responded to US Secretary of State Mike Pompeo’s attack that claimed China is too focused on international domination and needs to be confronted. The CCP stated that his comments were extremely dangerous and exposed his sinister intentions. “Pompeo is splitting apart and setting in antagonism against each other the Chinese […]

Germany is one of the world’s biggest consumers of coal. After the Japanese nuclear power plant disaster, Germany announced it would not use nuclear power back in 2012. It has remained one of the world’s biggest producers of electricity from coal. It has now announced that it will shut down all 84 of its coal-fired […]

ASIA: China plans to purchase up to 10 percent of the Saudi Aramco IPO. The IPO came under some pressure after the recent attacks on Saudi’s largest oil refineries, but recently production was brought back to max capacity. China and France have announced deals worth 15 billion USD today after French President Emmanuel Macron met […]