The swift demise of Silicon Valley Bank (SVB) has raised serious concerns about the bank’s management and, more importantly, the failure of oversight. These issues were highlighted during Wednesday’s hearing of the Oversight Subcommittee on Health Care and Financial Services, where Chairwoman Lisa McClain (R-Mich.) expressed her apprehensions. “The speed that it failed raised immediate…
Rep. McClain Rips Financial Regulators for SVB Collapse
May 25, 2023
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Gold Ascends Above $2,000, Approaching All-Time High: Peter Schiff Weighs In
The price of gold surged to $2,020 per ounce on Tuesday, driven by the recent banking scares and concerns over rising inflation. This marks the third time in history that the precious metal has pierced the $2,000 level; the first was in August 2020, when gold reached its all-time high of $2,075 per ounce. Experts…
Gold Approaches All-Time High as It Passes $2,000 Level
The price of gold surged to $2,020 per ounce on Tuesday, driven by the recent banking scares and concerns over rising inflation. This marks the third time in history that the precious metal has pierced the $2,000 level; the first was in August 2020, when gold reached its all-time high of $2,075 per ounce. Experts…
Financial Regulators Too Focused on ‘Climate Risks’ While Ignoring Silicon Valley Bank, Lawmakers Say
March 30, 2023
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Financial regulators came under scrutiny over what congressional members see as misplaced priorities ahead of the collapse of Silicon Valley Bank (SVB). In a hearing on Wednesday, House Financial Services Committee chair Patrick McHenry (R-N.C.) chastised Federal Reserve vice chair for supervision Michael Barr for making time “to start a review of climate risks in…
LIVE NOW: NTD Business (March 23): TikTok CEO Grilled in Heated Hearing; Schiff: Bank Bailouts Devalue the Dollar
TikTok’s CEO was grilled by lawmakers from both parties in a high profile hearing today. What did lawmakers ask, and did the CEO in any way convince them? U.S. banks losing deposits, especially after the bank collapses this month. How much did the most vulnerable banks likely lose? How does the government’s effort to support…
NTD Business (March 23): TikTok CEO Grilled in Heated Hearing; Schiff: Bank Bailouts Devalue the Dollar
TikTok’s CEO was grilled by lawmakers from both parties in a high-profile hearing Thursday. What did lawmakers ask, and did the CEO in any way convince them? U.S. banks are losing deposits, especially after the bank collapses this month. How much did the most vulnerable banks likely lose? How does the government’s effort to support…
America Is Losing the Crypto Space-Race, Interests Argue Over How to Regulate
The cryptocurrency world is rapidly evolving, with new developments emerging almost daily. However, America is in danger of falling behind its global competitors, according to Coinbase Chief Legal Officer Paul Grewal. During Thursday’s hearing of the House Subcommittee on Digital Assets, Financial Technology, and Inclusion, Grewal emphasized the importance of the crypto industry while accusing…
Who Wins an Economic War: US or China? Peter Schiff Debates Brent Johnson
March 4, 2023
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As tensions keep rising between the United States and China, what if there’s an economic war? What means would both countries use, and who would have the upper hand? Epoch Times reporter Liam Cosgrove hosted a debate between two well-known names in macroeconomics, Peter Schiff, chief economist at Euro Pacific Asset Management, and Brent Johnson,…
To Curb China’s Threat to Taiwan, US House Financial Committee Proposes Slew of Sanctions
Hoping to deter the Chinese Communist Party (CCP) from invading the neighboring self-ruled island of Taiwan, the U.S. House Financial Services Committee has approved several pieces of legislation that would impose economic restrictions on CCP officials and influence international bodies to put pressure on China. Of the seven bills that pertained to China and Taiwan…
House Panel Approves Slew of Measures to Support Taiwan Against China’s Aggression
Hoping to deter the Chinese Communist Party (CCP) from invading the neighboring self-ruled island of Taiwan, the U.S. House Financial Services Committee has approved several pieces of legislation that would impose economic restrictions on CCP officials and influence international bodies to put pressure on China. Of the seven bills that pertained to China and Taiwan…
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