The concept of central banking leaves many people scratching their heads. To get some insight, we were joined by a panel of guests including Peter Schiff, CEO of Euro Pacific Capital; Marshall Auerback, director of institutional partnerships at the Institute for New Economic Thinking; Mark Weisbrot, co-director of the Center for Economic and Policy Research; and Richard Ebeling, BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel. Take a look at part two of the panel discussion to see what they had to say on the ECB and Sweden. Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT http://www.facebook.com/harrison.writedowns http://www.facebook.com/erinade2020 Follow us @ http://twitter.com/ErinAde http://twitter.com/edwardnh https://www.youtube.com/watch?v=edqx_MI1wR8

Croatia recently decided to forgive the debt of its poorest citizens. The point of the debt-forgiveness program is to kick start the economy and get consumers spending again now that their bank accounts have been unfrozen. “Fresh Start” isn’t without its critics, though – some argue that the measure is a response to the country’s parliamentary elections later this year. Erin weighs in. Then, Erin is joined by Reggie Middleton – CEO of Veritaseum. Reggie tells us how the earnings season been for US banks and what it says about their longer term earnings. He believes earnings for banks are going to permanently lower as multiple revenue streams will be negatively impacted for the foreseeable future. In the meantime, he sees cryptocurrencies acting as a financial services disintermediator despite recent scandals involving Bitcoin. And bitcoin is not just about payments in Reggie’s view, there are all manner of transactions that can be accomplished securely at zero or no cost. After the break, Erin sits down with Frances Coppola – associate editor at Pieria and author of the blog “Coppola Comment.” Frances tells us if negative interest rates in Europe are working and gives us her take on the ECB’s recent move to stop accepting Greek collateral for loans. She is negative on both outcomes with negative interest rates not adding to credit growth and the ECB’s moves having no positive impact on helping prevent a catastrophic outcome over Greece. Frances also opines on Denmark’s plight in defending its euro currency peg with negative interest rates and currency intervention. And in The Big Deal, Erin and Edward Harrison discuss debt. Global debt has skyrocketed since the financial crisis began despite all of the talk of develeraging. What has happened, a recent McKinsey study shows, is that debt has simply been transferred from private agents in advanced economies to the public sector. Asia has added considerable amounts more debt on top of this. We think this ends as a bust. Take a look! Check us out on Facebook: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=l_-R1X-0A9Y

The Federal Reserve has revised its outlook on US economic growth as the vaccination process has ramped up in the nation. Plus, the US has slapped sanctions on some Chinese officials in the lead up to a key meeting between the two nations. #BoomBust #QuestionMore #RTAmerica Get exclusive content and watch full episodes now by downloading the Portable.TV app: https://bit.ly/DownloadPortable Check out our other shows! NO show does it like this. It’s TIME TO DO NEWS AGAIN with Rick Sanchez News with Rick Sanchez: https://bit.ly/NRSSHOW It’s her take on all things political and she presents ALL the angles: News.Views.Hughes with Scottie Nell Hughes, NVH: https://bit.ly/NVHSHOW What’s your NEWS IQ? Give us 30 minutes, and we’ll take you across the globe! In Question with Manila Chan, IQ: https://bit.ly/IQ_SHOW Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress Candid conversations with the most outspoken guy in Hollywood! Dennis Miller + One! Dennis Miller Plus One: http://bit.ly/DennisMillerPlusOne Let our TV time-machine bring you the week’s highlights and a closer look at the BIGGEST stories, Just Press Play: http://bit.ly/JustPressPlayShow Yep, it’s Gov. Jesse Ventura and you’re living in his WORLD! Come along for the ride. The World According To Jesse: http://bit.ly/WATJSHOW They’re watching you. Are you watching them? Are you WATCHING THE HAWKS? Watching The Hawks: http://bit.ly/WTHSHOW Do you keep missing the forest for the trees? Let Holland Cooke show you the Big Picture, The Big Picture: http://bit.ly/TheBigPictureShow Follow us on Twitter: https://twitter.com/RT_BoomBust Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT Follow Christy Ai on Instagram: https://www.instagram.com/christai_ai/ Check out more from RT America! Eat The Press: https://www.youtube.com/playlist?list=PLagVUKF7CUTQsuWo5sCat5spbo2Cqfskm Dennis Miller Plus One: https://www.youtube.com/playlist?list=PLagVUKF7CUTQFiMl7qOaZ9L0Zkq_b9RF- Just Press Play: https://www.youtube.com/playlist?list=PLagVUKF7CUTTuYcV8a3afYQ4pFBm50ZC9 The World According To Jesse: https://www.youtube.com/playlist?list=PLagVUKF7CUTR4fIiDHxGpe38eAJWgzVQ8 Watching The Hawks: https://www.youtube.com/channel/UCbiFt3UdxX7LxferwDmuegQ The Big Picture: https://www.youtube.com/user/TheBigPictureRT ... https://www.youtube.com/watch?v=HGH_1K1QFbE

Greece needs to strike a deal with its creditors by the end of the month to stay afloat. That’s what the Greek government has said despite the fact that the country has entered yet another week with no signs of securing a deal in sight. News emerged on Monday that Greece came close to defaulting on a €750 million repayment to the International Monetary Fund last week. Boom Bust guest host Ameera David weighs in. Then, Ameera sits down with Steve Keen – head of the School of Economics, History & Politics at Kingston University. Steve tells us why one can’t divine exactly why yields all over the world (with the exception of Greece and Brazil) rose in the last month. Dr. Keen explains that even if yields do rise, they create a self-limiting dynamic by slowing growth, which lowers growth again. Steve also explains what happens to credit growth under such circumstances. After the break, Bianca Facchinei gives us a look at other major business stories of the day including a potential $200 million Amtrak payout, suspicious civil asset forfeiture, Facebook news, and summer travel. Afterwards, Erin sits down with Peter Schiff – CEO of Euro Pacific Capital and host of “The Peter Schiff Show.” Peter tells why Greece won’t become the “free-market paradise” of Europe, like Singapore or Hong Kong in Asia. He also gives us his take on China’s economy. And in The Big Deal, Ameera and Edward Harrison discuss Saudi Arabia’s oil strategy targeting US shale oil producers. ... https://www.youtube.com/watch?v=bxCAMk7GWfE