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‘This is the beginning of the greatest financial crisis in US history’: Peter Schiff makes dire predictions to Boom Bust After suffering the worst stock market crash since 1987, the US Federal Reserve has announced a $1.5 trillion injection to ease strained capital markets. It is the biggest action by the Fed since the 2008 financial crisis. RT’s Boom Bust is joined by the CEO of Euro Pacific Capital Peter Schiff to find out if the Fed’s actions are enough to stop the stock market bloodbath. “The bull market is clearly over, just look at the numbers,” says the veteran stock broker. “This is the beginning of the greatest financial crisis in US history,” Schiff says, adding “The financial crisis of US of 2008 will pale in comparison as with the severity...

PM Abe gets emergency powers from Japan parliament to tackle coronavirus outbreak Japan’s parliament on Friday approved a bill giving PM Shinzo Abe emergency powers that will let him close schools, halt large gatherings and requisition medical supplies, as Japan tries to slow the coronavirus outbreak. The bill amends a 2012 law drawn up following a flu epidemic in 2009. It was approved by upper house lawmakers after the lower house passed the legislation on Thursday. The PM would have to declare a state of emergency in order to use the new powers. Abe has requested schools to close and organizers of events to cancel large gatherings, but so far has not had the power to make them comply. Japan has almost 1,400 coronavirus cases, including about 697 from a cruise ship. Twenty-six ...

Israeli PM Netanyahu calls for unity govt with rival ‘for limited period’ Israeli Prime Minister Benjamin Netanyahu has called for the formation of an emergency government to confront a growing crisis over Covid-19, offering a potential way out of political deadlock. Netanyahu made the offer in a nationally televised address on Thursday. “It will be an emergency government for a limited period,” he said, adding that politics should be put aside. His chief rival, former military chief Benny Gantz, said he was willing to discuss the possibility of a national unity government and that his party will do “everything in our power to see it move forward,” AP reports. The conciliatory language marked a sharp change after months of acrimonious campaigning and heightened rhetoric in the w...