Economist Thomas Piketty, creator of some of the most absurd proposals embraced by the extreme left, has published an article in which he demands a cancellation of government debt in the hands of the European Central Bank “in exchange for greater public investment” … which, by the way, would be paid with more issuance of public debt. Fascinating.

Luís de Guindos, vice president of the ECB, has settled the controversy with two pieces of evidence. “Cancelling the debt (in the ECB balance sheet) is illegal and also does not make economic sense,” he explained to Reuters on February 4^th, 2020. The first part is obvious. It is prohibited by the bylaws of the European Central Bank. I will explain the lack of economic logic here.

Joe Biden has presented a $2 trillion clean energy plan that may be very expensive for consumers if the United States follows the mistakes of the European example.

Watch:

There are some important facts that should concern us when thinking about the US and Europe’s energy policy, supporting industry and creating jobs:

Silver fundamentals are stronger. No need to bet on squeezes.

The short-squeeze forced in Gamestop and other stocks through Reddit’s WallStreetBets has generated a massive media frenzy against hedge funds and comments all over social media hailing the decision of a group of small investors to trigger a huge repurchase of a beaten-down stock.