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12.20.24- Fed Fumbles, Dow Tumbles,
Powell finally admitted that inflation is higher again and that the Federal Open Market Committee that sets the Fed Funds Rate expects inflation will be even a little higher still in 2025. As a result, the FOMC made the one rate cut still expected of it by markets today, but showed clearly in its dot plots for future interest rates and its statements that it expects only half as many cuts in 2025 as it expected at its last meeting it would do in 2025. Read More |
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12.19.24- The Fed Is as Clueless as Markets
In normal times, the conduct of monetary policy is a lot like driving a car through a thick fog of uncertainty. You have a general idea of where you’re going, but you want to move slowly to avoid accidents. At the moment, it’s more like driving while double blindfolded — in a car with malfunctioning brakes. The most prudent move is to stop. Read More |
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12.18.24- Is Gold the Fed’s Plan B?
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12.17.24- A Road Map To Ending The Fed
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12.16.24- The Fed can't just be 'data dependent' in 2025 — it needs to be 'policy dependent'
At his last post-FOMC press conference, two days after the election, he said, “The election will have no effects on our policy decisions.” And “We don’t comment on fiscal policy.” And, just to be sure, “I’m not going to talk about anything that relates directly or indirectly to the election.” Read More |
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12.14.24- The most insolvent bank in the history of the world is…
In fact, just like America in the late 1800s and early 1900s, Argentina was overflowing with immigrants from all over the world looking for a better way of life in that land of opportunity. Read More |
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12.13.24- Treasury Pick Sees a “Global Economic Reordering”
He has hinted at the need for a new international agreement on the level of the famous Bretton Woods Agreement of 1944. Bretton Woods, of course, established the world monetary order over 8 decades ago. Read More |
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12.12.24- And Now, for Something Entirely Different: What If A Nuke Detonated
Also know as SS-18 "Satan", the nuclear-grade missile is a cornerstone of the Russian arsenal since the Soviet Union with a range of up to 10,000 miles and yield of 20 megatons (over 1,000x Hiroshima). Just one impact in any major U.S. city would dwarf America's WWII losses in minutes, to wit: Read More |
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12.10.24- The Evil Cycles of War and Economic Destruction
Two global crises will dominate the world for at least several years and possibly decades. Read More |
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12.10.24- The Evil Cycles of War and Economic Destruction
Two global crises will dominate the world for at least several years and possibly decades. Read More |
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12.09.24- Fed Chairman's Brazen Lies About Gold Go Unchallenged
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12.07.24- The Joke's on us, and Federal Reserve Jokers Are Not So Funny
We start off by looking at an old funny joke told by Alan Greenspan (except that few of us would perceive it as funny at all, though the Federal reserve’s Federal Open Market Committee members, who set monetary policy, found it quite funny as an inside joke): Read More |
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12.06.24- Are You Unknowingly
Chasing the Wild Goose The transfer of wealth from workers and savers to the government and the big banks rolled on this week with Swiss-like precision. The process is both mechanical and subtle. Here in the USA the automated elegance of this ongoing operation receives little attention. Read More |
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12.05.24- Red States Are Taking Action Against Dollar Devaluation
Your News to Know rounds up the most important stories about precious metals and the overall economy. Read More |
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12.04.24- The Fed Is Already Backpedaling on the Pace and Depth of Rate Cuts
The underlying dynamics of the labor market bounced back in October, according to the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics today. The data continues to be muddled by the Boeing strike that lasted through October and ended in early November, and by three hurricanes – Francine in early September, Helene in late September through early October, and Milton in mid-October – whose heavy rains and flooding temporarily shut down work sites in a substantial part of the country. Read More |
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12.03.24- Is the U.S. Banking System in Trouble?
While the rest of Europe was barely surviving thanks to the stupidity of their centrally planned feudal economies, Venice was a place where anyone, even the most illiterate peasant, could work hard, take some risks, and become fabulously wealthy. Read More |
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12.02.24- Central Bank Collapse Incoming! Silver Prices Will Explode!
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11.30.24- Gold-Backed Or Bust: Judy Shelton's Plan To Tame The Fed And Restore The Dollar
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11.29.24- Chinese Central Bank Just Secretly Bought 60 Tonnes of Gold
An explosive cocktail of Western institutional investors and central banks in the East buying gold this year is making the gold price rise sharply. Interest rate cuts and geopolitical strain will sustain this bull market. Read More |
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11.28.24- The Federal Reserve Lost Another $20 Billion in the Third Quarter; You Will Get the Bill
Keep in mind that Fed losses ultimately become your losses. The taxpayer is on the hook for the central bank’s shortcomings. Fed losses in the last quarter were 35 percent lower than in Q3 2023, but up from just over $16 billion in Q2. Read More |
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11.27.24- Judy Shelton has proposed an innovative approach to reintroduce a gold standard for the US dollar
Judy Shelton is an American economist known for her advocacy of the gold standard and her criticism of the Federal Reserve. She is a former economic advisor to President Trump and has held prominent roles in both the public and private sectors. Her latest book is Good as Gold: How to Unleash the Power of Sound Money. Read More |
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11.26.24- The Bureaucratic Dictatorship
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Designed to scale the network, L2s have become little islands on their own, each with its own rules, systems and barriers. Read More |
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11.23.24- Federal Reserve’s likely slowdown in rate cuts could disappoint borrowers
In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year. Read More |
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11.21.24- And Now, for Something Entirely Different: The Prospects for Trump’s Agenda
In Pennsylvania the corrupt Democrat authorities are openly defying the ruling of the State Supreme Court and counting invalid ballots in their effort to overturn the election of the Republican US senator. Read More |
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11.19.24- And Now, for Something Entirely Different: America Faces an Impossible Economic Crisis – Can Trump Fix It?
For the past several months I've been discussing the high probability of Donald Trump's return to the White House. Specifically, I have warned that the Biden/Harris Administration along with the Democrats have been using data manipulation to hide the growing threat of a stagflationary collapse within the U.S. within the next couple of years. Read More |
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11.19.24- And Now, for Something Entirely Different: America Faces an Impossible Economic Crisis – Can Trump Fix It?
For the past several months I've been discussing the high probability of Donald Trump's return to the White House. Specifically, I have warned that the Biden/Harris Administration along with the Democrats have been using data manipulation to hide the growing threat of a stagflationary collapse within the U.S. within the next couple of years. Read More |
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11.18.24- And Now, for Something Entirely Different: The Revolution Of 2024
More than that, there are hints of a return to sanity. Mainstream advertisers are suddenly returning to X, putting their economic interest above their tribalist loyalties. The editor of pro-lockdowns Scientific American, which had long blessed totalitarian measures as true science, has resigned. Read More |
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11.16.24- The Anatomy of a Bubble
-John Templeton, legendary mutual fund manager In 2006, I asked a realtor friend if we were in a housing bubble. He assured me that everything was fine. Defaults were low – and this is my favorite – “housing prices always go up”. Read More |
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11.14.24- The Fed Is Trying To Save Itself
Over the past few months, in fact, we’ve repeated again and again that inflation will keep rising, and even identified some strange reasons why. Remember back during the early days of the pandemic when used car prices went through the roof? Read More |
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11.13.24- GOLD The FED Then END It
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11.12.24- Congress Should Fire
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11.11.24- All States Are Empires Of Lies
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11.09.24- U.S. ‘Debt Tsunami’ Will Force Fed to Negative Rates, Push Gold to $8,000
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11.08.24- Is the Alternative to Inflation Actually Worse?
Inflation seems to be a controversial topic among economists. Which is strange because economists are supposed to study how the world works in order to help individuals (and, yes, governments) make better decisions. Read More |
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11.07.24- Donald Trump’s victory sets up traps for central banks
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11.06.24- Propaganda Blitzkrieg Erupts after RFK Pledges to Remove Fluoride
Corporate media and the vaunted “experts” they rely on to issue their pseudoscientific decrees were none too pleased with RFK’s plan to suspend the forced drugging of the American public with no informed consent whatsoever. Read More |
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11.05.24- Global Economy Already In Recession? Fed Will Cut Rates More
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11.04.24- Interest Rates Are Soaring...
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11.02.24- Playing with Fire: Money, Banking, and the Federal Reserve
This is why a new, critical look at the Federal Reserve is needed, and why the Mises Institute is now happy to bring you this new documentary on the Fed. Read More |
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11.01.24- And Now, for Something Entirely Different: Why Trump MUST Win
They perceive cracks within the marble. Some perceive fissures. Reports Rasmussen: Read More |
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10.31.24- The Vigilante War is on!
Bond guru Jeffrey Gundlach says, in a video linked to below, that the reason interest rates are going up since the Fed set out on a path to lower them is that bond investors are starting to worry about how we are going to finance the nation’s deficits. Read More |
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10.30.24- Why Governments Have No Incentive to Help You
We live in a fascinating time in world history, a time when most people around the world seem to believe their governments are their friends. There to help, to find ways to make life safer, more comfortable, more secure. Read More |
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Today I had a long conversation with one of my oldest friends, who happens to believe that Donald Trump poses a grave threat to democracy. Read More |
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10.28.24- Oops: The Treasury Secretary spilled the beans about the coming inflation
It had already been decided at the 1944 Bretton Woods Conference that America and the US dollar would dominate the new international financial system. Read More |
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10.26.24- GDP Inflation: The Hidden Cost of Government Spending
We’re in an election year, and that means, of course, that the party trying to get re-elected is going to tout how great of a job that they’ve done for the voters. Read More |
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10.25.24- When This Breaks, it will be a Catastrophe
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10.24.24- The Federal Reserve: A Seamless Extension Of The Regime
The ruse has certainly worked. Economists and media pundits frequently refer to this alleged Fed “independence” as if it were a given, and as if there were a wall of separation between the executive branch and the central bank. Others take it even further, and in podcasts and social media one encounters a variety of crackpot theories asserting that the Fed is somehow at odds with the regime, or that the Fed answers only to bankers without regard for the regime’s agenda. Read More |
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10.23.24- 23% of tax revenue ($1.1 TRILLION) is now interest on the national debt
French finances were an absolute mess. The country was almost hopelessly bankrupt after decades and decades of costly warfare… and even more costly royal luxury. The young king’s predecessors, Lous XIV and Louis XV, spared no expense when it came to their comfort and grandeur, and the end result was the largest national debt in the history of the world up to that point. Read More |
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10.22.24- No Compromise With the Fed!
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10.21.24- And Now, for Something Entirely Different: How To Remove Fluoride From Your Water At Home
When Grand Rapids, Michigan, became the first city to add fluoride to its water supply in 1945, it was hailed as a major public health innovation aimed at preventing cavities. Many other cities quickly followed suit, and water fluoridation became a widespread practice nationwide. Read More |
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10.19.24- And Now, for Something Entirely Different: Goodbye Digital, Hello Physical
Sure, Election Day is Tuesday, Nov. 5. But the election is happening in real-time and will mostly be over by the end of this week because of early voting, mail-in ballots, drop boxes and ballot harvesting. Read More |
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10.18.24- Whip Inflation Never
On September 18, the Fed was so sure it had expelled inflation that it cut the federal funds rate for the first time since March 16, 2020. What’s more, the Fed went big. It cut 50 basis points. Read More |
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10.17.24- The Next Wave(s) of Inflation
This is a solid metaphor for inflationary periods. They don’t happen like a single big tsunami. They are typically processes that play out in stages over a decade or more. Policymakers try various fixes, and most fail or only provide temporary relief. Read More |
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10.16.24- Fake News on the Economy Is Driven by Fake Money
President Joe Biden joined Federal Reserve Chairman Jerome Powell in taking a victory lap for the supposedly strong economy. Read More |
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10.15.24- Inflation Eats the Food of the Poor, and Taxes Inflate
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10.14.24- How the Bankers Outfoxed the Politicians
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10.12.24- Banks Need Your Trust Because They Don’t Have Your Money
Since I sincerely hope most of you don’t follow these stories as closely as I do, we’ll start with a quick recap: Read More |
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10.11.24- Mistakes from the Past
On September 18, the Federal Reserve cut the federal funds rate by 50 basis points. This was the first time the Fed cut rates since March 16, 2020. The aggressive rate cut was goaded on by people like Elizabeth Warren, who said Fed Chair Jerome Powell was “behind the curve.” Over the last three weeks something unexpected by the Fed has happened. The yield on the 10-Year Treasury didn’t follow the Fed’s rate cut down. Rather, it did the opposite. Read More |
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The Unstoppable Path to Ever-Increasing Currency Debasement
It raises an important question… If one of the steepest rate hike cycles in history couldn’t defeat inflation… And the Fed can’t raise rates much further without bankrupting the US government because of the soaring interest expense… Read More |
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10.08.24- No Interventionist Government Or Central Bank Wants Lower Prices
Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax. Read More |
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10.07.24- Why the Fed’s Two-Percent Inflation Target Is Meaningless
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10.05.24- And Now, for Something Entirely Different: What Would World War III Really Look Like? It’s Already Starting…
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10.04.24- Did Jerome Powell Just Trigger A Stock Market Crash?
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10.03.24- And Now, for Something Entirely Different: Lookout Don't Look Up
I feel like I am surrounded by zombies. I am surrounded by zombies. I’ve ranted about this kind of thing before, here, here, and here. Read More |
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10.02.24- The Present Monetary System Is Heading for a Breakdown
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Congressional bill would remove vaxx manufacturers’ liability shieldsI assume most Armageddon Prose readers are familiar with the reason you can’t sue Pfizer for melting your liver or maiming your baby in utero, which is that they bribed Congress sufficiently back in the day to give the immunity. Read More |
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09.28.24- Will the Fed Repeat 1970s
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09.26.24- It's a Recession! But I digress.
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09.25.24- The Future Of The Fed
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09.24.24- Based on Today's Report, Powell Should be Biting His Lip on Inflation
The rise in inflation that I’ve said we could see by end of summer, continues to look increasingly likely to emerge soon and not like it is going to cut Chairman Powell’s rate cut a break. Read More |
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09.23.24- A Global Snapshot:
From blow-off market tops, empty political platitudes and an openly broken bond market to debased currencies and large swaths of the planet at war or inching toward escalation, it seems we are juggling aspects of the stupid, the broken, the insane and perhaps even…the evil. Read More |
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09.21.24- World Gone Wild: From the Fed to War to Violent US Politics against Trump Supporters
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09.20.24- Powell Scores His Soft Landing ... until it All Blows up
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09.19.24- Modern Slavery
I’ll have much more to say about it in tomorrow’s issue, so please tune in tomorrow. But today, I want to talk about the dangerous globalist threats to our freedoms that we presently face. Read More |
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09.18.24- Founding Father Edmund Randolph vs. The Federal Reserve
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09.17.24- Three Ways the US Government Could ‘Kick the Debt Can Down the Road’
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09.16.24- And Now, for Something Entirely Different: The 2nd Assassination Attempt
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09.14.24- A Plague On Both
For all the huffing and puffing I do about politics, you’d think that both candidates would have substantially different ideas for monetary policy, should they be elected. After all, this is supposed to be a finance blog. But the truth is, they don’t. Read More |
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09.13.24- Smoke And Mirrors: What Happens When Biden's Economic Manipulations Disappear?
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09.12.24- Bad Data And Bad Models: How The Fed Has Shattered Confidence
Even worse, what if it’s plugging that bad data into a faulty model? In July, the Bureau of Labor Statistics (BLS) made massive downward revisions to the job numbers. Poof – the agency simply erased 111,000 jobs from existence. Read More |
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09.11.24- What To Expect On Interest Rates For The Remainder Of 2024
Inflation has eased substantially and the labor market is weakening somewhat, albeit from a period of very low unemployment. Economic theory suggests both factors typically call for less restrictive monetary policy when compared to current levels. Read More |
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09.10.24 - And Now, for Something Entirely Different: The Deep State
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09.09.24- The Fed’s Balance Sheet Feeds Bailout Culture
These are the kinds of questions most people ask. But what people wrongly ignore is the Fed’s huge balance sheet and its related consequences: subsidizing explosive government deficit spending and creating a bailout culture. Read More |
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09.07.24- The Fed Is Our Friend -
If the Payrolls are lower than expected, the probability of a 50bp rate cut will rise significantly. Typically, this is supportive of precious metals and miners. Read More |
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09.06.24- And Now, for Something Entirely Different: Here's Who You Should Be REALLY Concerned About
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09.05.24- The Fed Is Cutting Rates Soon. Should I Wait to Get a Loan?
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09.04.24- Powell Announces “Pivot”
There’s a mountain of data suggesting the answer is yes, or if we’re not in a recession, we soon will be. We’ll explore this data below but let’s begin with the (supposedly) most powerful force in the U.S. economy — the Federal Reserve. Read More
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09.03.24- Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
The rate fell to 6.35% from 6.46% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.18%. Read More
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09.02.24- Central Banks Are DOOMED! Gold & Silver Are About To Go PARABOLIC!
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08.31.24- Fudging the Figures
According to the US Government, its debt stands at $35.210 trillion having grown 57% in the last five years. As the chart below shows, there was a big step up in early 2020 due to Covid. But subsequent attempts to control the deficit and therefore indebtedness have been absent. Read More |
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08.30.24- The Long, Slow Goodbye
“There is no trap so deadly as the trap you set for yourself.” ― Raymond Chandler, Long Goodbye Intro: Inside James Grant’s latest Interest Rate Observer there is a nice piece on Gold in it titled Long goodbye to the dollar standard fromwhich some important comments should be shared. As always his writing is part history, part observation, and part dry humor. Here is a summary and analysis of that article. Read More |
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08.29.24- Tumbling Down
I have to keep it short today as medical issues got in the way of writing time, but I’d like to point out a few things from the news headlines below. Economist David Rosenberg, who predicted the 2008 financial collapse, said that the 818,000 adjustment in new jobs that I wrote about here on The Daily Doom signify an economy that is in a worse meltdown than the Fed realizes. Read More |
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08.28.24- Inflation is Forever
"The time has come for cuts," Powell said at the Jackson Hole Economic Symposium Read More |
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08.27.24- And Now, for Something Entirely Different:Lies, Lies, Lies and MORE Lies!
Several of us suffered the ignominy and revulsion of the political rallies these past few weeks. I was particularly dumbfounded by the free-flowing falsehoods from the Nationalist American Socialist Party (NASP). You may know them as the Democrat Party, but there is nothing democratic about this new political blight on our republic. They have transformed this political party into agents for Karl Marx and everything he envisioned in his communist manifesto and treatises on social re-engineering. Read More |
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08.26.24- Uneasy Fed Admits We Are Approaching Recession
Remember how the Biden administration, the Fed, and corporate media has kept saying the economy and job market were “strong”? Well, it turns out that isn’t the case. Read More |
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08.24.24- Starting with a 25 basis point rate cut 'makes a lot of sense to me': Fed's Harker
"Starting at 25 makes a lot of sense to me," Harker told Yahoo Finance Friday during an interview at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyo. Read More |
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08.22.24- Gold Pares Gains After New Record as Focus Turns to Jackson Hole
Bullion climbed to as high as $2,531.75 an ounce, taking this year’s gain to more than 22%, before giving up some of the advance. Powell’s address on Friday at the annual Jackson Hole symposium in Wyoming will be closely analyzed for clues about the central bank’s thinking on widely expected rate cuts — often seen as positive for non-interest bearing gold. Read More |
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08.20.24- We Don't Have a Wage Problem; We Have a Money Problem
For a while, it was "Fight for $15," but with rampant price inflation, a $15 an hour minimum wage isn't sufficient. Now it's "Fight for $20." Heck, it might even be "Fight for $25" at this point. I understand people's frustration with wages. Their pay doesn't keep up with rising prices. Read More |
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08.19.24- The Federal Reserve and Pandora’s Box
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08.17.24- What has the Fed Done to Our Lives?
Wars must be funded, and for this, governments functioning as states call upon the banking system for assistance. Central Bank counterfeiting, which is another name for inflation, is the fuel that energizes the forces of war. Inflation, or counterfeiting, amounts to issuing receipts for something that doesn’t exist, which legally is the prerogative of the central bank. Calling such receipts money allows them to be created in massive amounts quickly. When the U.S. Congress votes to send billions of fiat money to Ukraine, Israel or anywhere else, no one questions the nature of what is being sent because legal tender laws make it all copasetic. Read More |
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08.16.24- Sandy Hook Black Mirror
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08.14.24- A $150,000 House In 1988 Now Costs $707,500; Thank You, Fed!
Chart data from Case-Shiller, mortgage calculation based on Fannie Mae 30-year mortgage rates, chart by Mish Read More |
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08.13.24- Why the Fed Can't Win –
If rates start falling, that would certainly get speculators excited. But let’s examine the situation a little more closely. Read More |
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08.12.24- The Fed Is Powerless
We are further told that prevailing conditions may demand multiple axings. And that these adjustments to the overnight lending rate will work healthful impacts. Read More |
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08.10.24- "Japan Mixed The Batter, The Fed Will Bake The Cake..."
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08.09.24- Don’t bank on a put from Jay Powell’s Federal Reserve
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08.08.24- Fed Fails Spectacularly Again and Again!
The Fed can easily be made to work but nobody apparently wants it to, or we’d change it. This rose bush puts out flowers that only stink and wither, but it has thorns the size of your fingers that cling to your pockets and tear at your flesh. We have three articles that were prominent in my news searches today that lay out just how miserably (for all of us) the Fed is failing at its actual mission. Read More |
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08.07.24- The Failures of Fiat Currency and the Federal Reserve: An Analysis
This article dives into the main points of criticism surrounding these issues, focusing on the 7 key failures of the Federal Reserve including the following objectives: Read More |
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08.06.24- Blood in the Streets!
We may be facing such an inflection point right now. Today, I’ll show you why, and what’s at stake. Read More |
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The new portable death “pod” is on track to claim its first victim this year after winning approval from the Swiss government. Florian Willet, the CEO of the pro-euthanasia organization The Last Resort, announced the launch of the machine during a recent press conference. Read More |
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08.03.24- Central Banks Purchase Gold to Offset Their Own Money Destruction
We must begin by clarifying the question. It is true that inflation is slowly decreasing, but we cannot say that it is under control. Let us remember that the latest CPI data in the United States was 3% annualized and that in the Eurozone it is 2.6%, with eight countries publishing data above 3%, including Spain. Read More |
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08.02.24- Well, Bite my Lip for Repeating this, but Pilot Powell Says We're Now Coming in for a Soft Landing
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08.01.24- The Economic Situation of the West
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07.31.24- No Fed "Pivot" Tomorrow
What does it mean for markets and your money? Today we’ll explore those questions. Read More |
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07.30.24- And Now, for Something Entirely Different: You’ll Never Work
Did we just witness the suicide of Wokery? I think you saw what’s called, in the argot of progressive thinking, the “queering” of the Olympics. That was some spectacle. First, Death on a Pale Horse came galloping down the Seine River so that no one would miss the point of the symbolism to follow: the beheaded Marie Antoinette portrayed singing in the window of a flaming palais. Read More |
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07.29.24- Inequality Is Caused By Inflation
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07.27.24- Why Radical Spending Cuts Are Needed
The title of the IMF’s recently published World Economic Outlookis titled, The Global Economy in a Sticky Spot. The source of the stickiness, per the WEO, is services inflation. Namely, nominal wage growth, especially in the U.S., is increasing above goods price inflation. Read More |
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07.26.24- Bidenomics Kicks in, Economy is on a tear, Inflation plunges and Unemployment Falls!
I’ve had, one might say, a great run for all of my predictions this year. Every step along the way, I was able to show where they came true. The economy slowed to a crawl in the first quarter, inflation returned to rising when few thought it would. Read More |
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07.25.24- And Now, for Something Entirely Different: Empire of Lies
Why does it fear truth as the vampire fears garlic? The answer, we hazard, reduces to its desperate quest for prestige. Government equals authority. And an authority is an authority. Read More |
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07.24.24- Going the Way of the Denarius
Throughout history, there has been an extraordinary tendency for governments (and cultures) to follow similar paths. Even regarding eras thousands of years apart, we see people behaving in much the same way, over and over. This is particularly true in the case of “wrong moves.” Over and over, people and their governments make the same mistakes, seemingly never learning from past errors. Read More |
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07.23.24- Republican Platform Ignores Real Causes of Inflation
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07.22.24- And Now, for Something Entirely Different: Acoustic Evidence Proves Beyond All Doubt More Than One Shooter
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07.20.24- Politicians Pressure Powell to Give Up the Inflation Fight – Rate Cuts Ahead?
Morgan Stanley thinks the Federal Reserve could start cutting rates as early as September, based on the idea that “inflation is finally under control.” Read More |
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07.19.24- Something to Crow About
These days, everywhere you look, there are lunatics roaming around. You see them at the market or the gas station. Or wandering down Main Street. They’re crazy and deranged, and they believe what the media has told them. That Donald Trump is Hitler. What’s more, some of these crazies, in the spirit of democracy, are eager to put their fingerprints on the turn of history. Read More |
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07.18.24- Donald Trump warns US Fed chair not to cut rates before the election
Donald Trump has warned Jay Powell not to cut US interest rates before November’s presidential vote, but said if elected he would let the Federal Reserve chair serve out his term if he was “doing the right thing”. Read More |
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07.17.24- Stocks Soar for Economy in Doldrums
Traders are now betting 100% odds that Powell & Co. will lower interest rates in September, and Powell’s dovish tones, as talked about in my last editorial, certainly sound like he is preparing to move that way, though I have argued he won’t. The oddity here is that he is—after saying the Fed needs to really be convinced that inflation is headed back down—averring to the possibility of a cut. Read More |
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07.16.24- Dollar dips ahead of Powell, bitcoin climbs as investors
In the aftermath of the shooting, investors narrowed the odds of a Trump victory. Online betting site PredictIt, opens new tab showed bets of an election win for Trump at 67 cents, up from Friday's 60 cents, with Joe Biden at 27 cents. Read More |
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07.15.24- And Now, for Something Entirely Different: Did We Just Witness the FBI’s Attempt on Trump’s Life?
Incompetence is a possibility. In all federal agencies including the military, ability and merit have been set aside in order to make race- and gender- based appointments. Read More |
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07.13.24- Welcome to Inflationary Depression
Yes, this is exactly the kind of article that people pass over because it seems like it doesn’t have broad application. In fact, it does. It affects the core of issues like our city skylines, how we think about urbanism and progress, where we vacation and work and whether the big cities are drivers or drains on national productivity. Read More |
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07.12.24- Fed to End Inflation Fight Before Job is Done
To Florence, Italy. In 1397. To the establishment of the Medici Bank by Giovanni di Bicci de’ Medici. There you will find the early framework for interlinking banking, business, and politics to consolidate wealth and power. Read More |
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07.11.24- And Now, for Something Entirely Different: The Clinton-Harris Ticket
Democratic firm Bendixen & Amandi conducted a poll to see how the public would respond to a Clinton presidency. Of the 86% of respondents who watched the disastrous Trump-Biden debate, only 29% believe Biden is mentally fit to serve a second term. Read More |
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07.10.24- The Great Monetary Pivot Of 2024
Then, in late 2015, they started a rate-hiking cycle that lasted until the repo market turmoil in late 2019. Read More |
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07.09.24- Goldman Sachs Failed Major Test
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07.08.24- Why the Federal Reserve is Running Out of Monetary Oxygen
Stated differently, virtually everything the Fed does for the alleged benefit of the American economy is both unnecessary and a ruse. Read More |
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07.06.24- Central Banks Added More Gold to Reserves in May
Central banks added a net 10 tons of gold in May, according to the latest data compiled by the World Gold Council. Central banks bought 23 tons of gold, offset by 13 tons in gross sales. The National Bank of Poland was the biggest gold purchaser in May, adding 10 tons of gold to its reserves. Read More |
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07.05.24- The Byzantine Blueprint: A Guide for America’s Monetary Revival
America seems tapped out. It’s out of money. It has lost the moral high ground. It resorts to coercion to keep its allies – or rather, vassal states – in line. It prints money to cover its lies. Read More |
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07.04.24- And Now, for Something Entirely Different: A Debate That Exposed Political Collapse
A debate between a man who has little, if any, understanding of complex geopolitical issues and a brain dead warmonger who was never the sharpest knife in the drawer has exposed the irreversible decline of the US empire. Read More |
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07.03.24- Central Banks Diversify from USD-Assets to Other Currencies and to Gold
The US dollar is still by far the most dominant global reserve currency, among many reserve currencies held by central banks, but its share has been eroding for years, as central banks have been diversifying to other reserve currencies, and also to gold. But the process is slow and uneven. Read More |
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07.02.24- US dollar dips as Fed's Powell's dovish comments offset upbeat jobs data
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07.01.24- The Coming US Budget Disaster Will Impoverish Americans
The latest Congressional Budget Office (CBO) budget and economic outlook estimates show the extent of the challenges of the United States fiscal nightmare. The CBO expects a budget deficit of $1.9 trillion in 2024, a year of alleged robust economic growth and record tax receipts. They expect revenues to reach $4.9 trillion, or 17.2 percent of GDP, in 2024, which will rise to 18.0 percent by 2027 and remain at that level until 2034. Read More |
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06.29.24- What Happens When Rate Cuts Come Too Soon
Keep in mind that Federal Reserve Chairman Powell kept downplaying inflation as “transitory” in 2021, but also ended up wildly wrong (almost negligent) Read More |
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06.28.24- Federal Reserve Floats Weaker Version of Planned Bank-Capital Overhaul
The Federal Reserve has shown other US regulators a three-page document of possible changes to their bank-capital overhaul that would lighten the load on Wall Street lenders, according to people familiar with the matter. Read More |
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06.27.24- You Can't Taper A Ponzi Scheme
Many believe the Federal Reserve is running what amounts to a giant Ponzi scheme. That’s because the US government’s obscene spending and skyrocketing debt have reached an inflection point where the whole system will collapse unless the Fed pumps an ever-increasing amount of new fake money into the system. Read More |
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06.26.24- Who Needs The Fed?
The tech sector plummeted nearly 2.5% on Monday following weeks of melt-up action. And the main culprits were some of the same stocks responsible for dragging the averages higher this year, specifically the semiconductors. The VanEck Vectors Semiconductor ETF (SMH) continues to fill those gaps, dropping more than 3.4% yesterday — its third straight decline. It’s now fallen nearly 8% from last week’s highs. Read More |
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06.25.24- Who Needs The Fed?
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06.22.24- The Federal Reserve’s Cure May Actually Be Worse Than the Disease
Like I explained in my last article, the miraculous Bidenomic economy has been dominated by first historic and now merely persistent inflation. Since his swearing in, our purchasing power has officially declined about 19%. Read More |
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06.22.24- The Federal Reserve’s Cure May Actually Be Worse Than the Disease
Like I explained in my last article, the miraculous Bidenomic economy has been dominated by first historic and now merely persistent inflation. Since his swearing in, our purchasing power has officially declined about 19%. Read More |
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06.15.24- The Fed’s Whipped Inflation!
That is because May’s inflation data came issuing this morning. And it disappointed expectations — or rather exceeded expectations. A Dow Jones survey of economists had divined a 3.4% inflation rate. Yet the United States Department of Labor reported a mere 3.3% inflation rate. Read More |
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06.14.24- The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts
The Federal Open Market Committee is set to announce its next interest-rate decision on Wednesday, and following a hot jobs report, there's a strong chance rates will once again remain steady. According to the CME FedWatch Tool, which estimates the likelihood the Federal Reserve will change interest rates based on market predictions, there's a 99.4% chance rates will stay where they are as of Monday. Read More |
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06.13.24- Gold prices steady around $2,300 with Fed rate decision, CPI on tap
The yellow metal was nursing a sharp decline in recent sessions as traders priced out expectations of U.S. rate cuts in the face of sticky inflation and a robust labor market. The dollar shot up to one-month highs, pressuring metal prices, while Treasury yields also rose. Read More |
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06.12.24- Shrinking Fed rate cut expectations to keep US Treasury yields elevated
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06.11.24- The Entire System Is Crumbling! Major Red Flags Are Popping Up For Banks, Small Businesses And Retailers
Just look at what is happening to our banks. Read More |
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06.10.24- Why is Keynesian Economics Collapsing?
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06.08.24- It's The Fed That's A Risk
Whistling a happy tune, the Federal Reserve vice chairman for supervision, Michael Barr, recently testified to Congress that “overall, the banking system remains sound and resilient.” A more candid view of the risks would be less sanguine.Read More |
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06.07.24- How People Can
We can only fight the fire started by the arsonists at the Fed from spreading further into our lives. In this article, I want to review the ways that people fight the Fed’s fire—higher prices everywhere and the reasons why everyone should be actively fighting against inflation. Read More |
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06.06.24- Up in Smoke
A few small things settled in a direction that could give Powell a chill that causes him to shift from battling inflation to driving it back up nice and hot, just as stock investors and bond investors are back to hoping he will do. Changes in the labor market make it appear labor may FINALLY be reaching that point where new jobs are not coming fast enough and old jobs ending more quickly to where the changes couldstart to push unemployment up. Still, I’ve pointed out a few head fakes along the way, and this could easily be another one. More data coming in on Friday could clarify the employment picture. Read More |
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06.05.24- Central bank gold buying picks up in April
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06.04.24- Is the Fed Driving Us Into Recession?
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06.03.24- US firms grow more pessimistic on economic outlook, Fed survey shows
The U.S. central bank's latest temperature check on the health of the economy also showed that the jobs market continues to more normalized levels. Read More |
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06.01.24- Interest Rates: What Are They and What Do They Actually Do?
Interest rates are an embedded part of the economy at both the global and the household level – but what impact does the Effective Federal Funds Rate (EFFR) actually have on the economy, and why? In simple terms, the EFFR is the target rate set by the Federal Open Market Committee of the U.S. Federal Reserve (also known as the Fed), which meets eight times a year to determine it. Read More |
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05.31.24- Think Inflation Is Done?
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05.30.24- No, Corporate Greed Is Not The Cause Of Inflation.
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05.29.24- Time Is Running Out For Gold Stocks
It sure seems that way if you step back and take a long view of their decision-making. Fed officials project this aura of authority. You might imagine them as hyper-intelligent experts in the field of economics and finance making carefully calculated monetary policy decisions based on a thorough understanding of all the dynamics in the economy. After all, they must have risen to these important positions at the Fed based on their economic acumen? Read More |
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05.28.24- Is Hyper-Inflation that Destroys a Currency a "Solution"?
When predicting the future, we're best served by following "what benefits the wealthy and powerful," as that is the likeliest outcome. |
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05.27.24- MASSIVE: Election Spending, Government Debt, No Buyers...
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05.25.24- Continual Rise in the Cost of Living… And Why the Fed Has No Shame
Markets recovered their poise over the last 24 hours, as investors were relieved after Fed Chair Powell stuck to his recent views on the economic outlook. In his remarks yesterday, he said that recent data didn’t “materially change the overall picture” and that on inflation “it is too soon to say whether the recent readings represent more than just a bump.” In addition, he reiterated that if “the economy evolves broadly as we expect, most FOMC participants see it as likely to be appropriate to begin lowering the policy rate at some point this year.” So that all helped to validate market pricing, which still expects 71 bps of rate cuts from the Fed by the December meeting. Read More |
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05.24.24- The Mirage Of "Lower Inflation"
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05.23.24- The Fed is already insolvent. Here’s how we think this plays out
The tone of the meeting must have felt frantic… even desperate… because the value of the British pound had been falling for weeks. Read More |
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05.22.24- Fed's Barr: Inflation data 'disappointing,' policy needs more time
"Inflation readings in the first quarter of this year were disappointing. These results did not provide me with the increased confidence that I was hoping to find to support easing monetary policy," Barr said in remarks prepared for delivery at an Atlanta Federal Reserve conference on financial markets. Read More |
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05.21.24- CPI's Little Head Fake
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05.20.24- When Ideological Bubbles Trump Economic Thinking
Recently Esther Duflo, a Nobel prize winning economist, revealed herself to be such a person. In a Financial Times interview with Simon Mundy, she said the West owed a “moral debt” of about $500 billion annually to the global south due to its contribution to climate change and the resulting harm. Read More |
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11.18.23- And Now, for Something Entirely Different: Entire Financial System
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05.16.24- Will High Inflation Ease Up Soon? You Won't Like the Answer
If you were hoping that the official inflation rate would ease, especially on the necessary goods and services you need to buy, then you might have to be patient. Read More |
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05.15.24- Trump’s Secret Plan to End Currency Wars
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05.14.24- Will the Fed Lose Control?
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05.13.24- And Now, for Somthing Entirely Different: Can a Country as Far Gone as America Recover?
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05.11.24- How Do People’s Experiences
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05.10.24- The Consequences of Interest Rate Suppression
Throughout European history, there has been a dislike of interest rates. For the last two millennia this was reflected in Christian (and Muslim) bans on usury. But interest is charged by a lender for good reason. A lender is ceding possession of money or credit to another, losing the facility to turn them into goods for his or her own consumption. Read More |
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05.09.24- Does Powell's Plan End
One major investor and one major economist, both of whom predicted the Great Recession crash, give the Fed an “F” for its inflation fight and an “F” for where it is taking the economy. Fed is a failed inflation fighter Read More |
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05.08.24- Forward Guidance: The Fed Sounds Like A Wizard Reading Chicken Bones
I totally endorse a view by Stan Druckenmiller, the Fed Should Stop Forward Guidance. Read More |
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05.07.24- And Now, for Something Entirely Different: The Catalyst for a Banking Renaissance
Visa, Mastercard, American Express, and other large companies process many of these payments. Bitcoin, on the other hand, does not have anywhere near the capacity to handle this kind of volume. Read More |
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This is really bad news for the food supply, which relies on precious pollinators like bees to keep the life cycle going. Without these vital critters, there will be no more food available for anyone, including the sinister who think they are going to somehow escape the horrors they are unleashing. Read More |
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05.04.24- Fed Cornered – There’s No Way Out!
Just before their latest meeting, CNBC reported that not much would change, and summarized the “feeling in the room” regarding Fed rates: Read More |
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05.03.24- Expect Higher Interest Rates Through the End of 2024. Fed Blames ‘Lack of Progress’ on Inflation
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05.02.24- Governments Could Stop Inflating If They Wanted. But They Won’t
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05.01.24- Unification Of CBDCs? Global Banks Are Telling Us the End Of the Dollar System is Near
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03.18.24- Blame the Fed for ‘Shrinkflation’
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“Federal agencies are funding tools for the financial sector similar to those social media is using to target misinformation and hate speech,” says written testimony from Jeremy Tedesco, senior counsel at the nonprofit First Amendment law firm Alliance Defending Freedom (ADF). “Unfortunately, this is just the tip of the iceberg.” Read More |
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03.15.24- Why economists are warning of another US banking crisis
The red letter day is March 11, when US central bank the Federal Reserve will end the bank term funding program (BTFP), a year after it began in response to the failures of regional banks Signature, Silvergate and Silicon Valley. Read More |
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03.14.24- Layoffs could be coming as debt-laden firms navigate the pain
While the job market still looks strong on paper, hiring conditions are set for a slowdown later this year, according to David Rosenberg, economist and the founder of Rosenberg Research. That's because the economy — and what's been touted as a surprisingly strong job market — are actually weaker than they appear, he told Business Insider, predicting that unemployment could jump to 5% by the end of the year. Read More |
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03.13.24- No Such Thing As A Neutral Fed
Everyone is familiar with the typical claims that the Federal Reserve strives for maximized employment and low inflation, and that the Fed is the regulator of the banking industry. But king of them all is of the supposed political neutrality of the Federal Reserve. Read More |
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03.12.24- Gold Is The Canary In The Economic Coal-Mine
Peter opens with the fact that the United States is probably in a recession already, even though the government statistics say otherwise: Read More |
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03.11.24- South Dakota's Anti-Central Bank Digital Currency Bill
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03.09.24- And Now, for Something Entirely Different: The End of Ideology?
They’d already established the building blocks of the administrative state so that real experts could be in charge and rule society with a steady hand. Read More |
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03.08.24- Powell Says
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03.07.24- A Circus of Errors
It seems strange for one company’s earnings call to have such a widespread effect, but many are saying that this is all a part of a technological revolution, in which real productivity will increase dramatically due to artificial intelligence powered by chips and hardware developed and produced by companies like Nvidia. Read More |
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03.06.24- Key Indicator Signals ‘Recession Ahead’ – Fed Faces Pressure to Cut Rates
It’s not coming down to the Federal Reserve’s supposed 2% target – let alone low enough to cease being a persistent problem for millions of families. Nor is it even clear that the rate of price level increases is on a path lower in 2024. Read More |
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03.05.24- One Bank Asks "Could A Central Bank Somewhere Be Buying Crypto Assets?"
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03.05.24- Questions About Gold The CFTC And Fed Won’t Answer
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03.02.24- Inflation Soars,
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03.01.24- Fed's Bowman says she will stay 'cautious' on monetary policy
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02.29.24- Real Wages Turn Negative Again as Price Inflation Refuses To Go Away
According to the BLS, Consumer Price Index (CPI) inflation rose 3.1 percent year over year during January, after seasonal adjustment. That’s the thirty-fifth month in a row of inflation well above the Fed’s arbitrary 2 percent inflation target. Read More |
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02.28.24- Don’t Be Surprised If The Fed Raises Interest Rates
I’ve been right in my prediction that we will get a soft landing with no recession, with the important proviso that the Fed pauses its rate-hiking cycle, which it has already done. Read More |
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02.27.24- Hubris Runs Rampant at the Fed
“But the overall price level doesn’t come down. It will fluctuate. And some . . . goods and services will go up, others will go down. But overall, in aggregate, the price level doesn’t tend to go down except in extreme circumstances”. Read More |
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02.26.24- Oil ends lower, posts weekly decline as US rate cut hopes dim
Brent crude futures settled down $2.05, or 2.5%, at $81.62 a barrel, while U.S. West Texas Intermediate crude futures (WTI) were down $2.12, or 2.7%, to $76.49 Read More |
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02.24.24- The Federal Reserve Enables and Grows Big Government
In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains how and why the Fed enables an ever-growing federal government. Mike opens the podcast using an analogy drawn from the TV show "My 600-Pound Life," explaining how when somebody is engaged in destructive behavior, there is almost always an enabler. Read More |
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02.23.24- Federal Reserve records massive losses, makes up fictitious value called ‘deferred assets’ to compensate
The Federal Reserve lost $114.3 billion in 2023 and doesn’t seem to care. Maybe that is why the federal government has run up $34 trillion in debt, while they pretend government programs are paid for. They don’t care. They can always print more money. Read More |
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02.21.24- Massive Money Printing Will Accelerate as Debt Soars
You may remember that the Biden administration expected a significant deficit reduction from its tax increases and the expected benefits of its Inflation Reduction Act. Read More |
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02.20.24- Interest on the Debt will exceed defense budget this year
The world had been at war with itself for nearly a decade. And though the conflict became officially known as the Seven Years War, it might as well have been called ‘World War Zero’ because it involved just about every major power on the planet. Read More |
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02.19.24- Fed Bank Bailout Program
Then what? There are a lot more questions than answers. For instance, will the Fed blink? Read More |
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02.17.24- And Now, for Something Entirely Different: Dissecting Stupidity
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02.16.24- Puzzled
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02.15.24- Lingering Inflation Risks Keep Fed Officials in Wait-and-See Mode
The risk that inflation could remain stuck above their 2% target is guiding Fed officials’ preference to keep interest rates where they are for now, even as investors have clamored for cuts. Read More |
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02.14.24- Inflation Won’t Die
The consumer price index (CPI) rose 3.1% in January. That’s a decrease from December’s 3.4%, but it exceeded consensus estimates of 2.9%. Core inflation, which excludes food and energy, rose 3.9% on an annualized basis, which is unchanged from December. But the consensus estimate was 3.7%. Core inflation also rose at its highest rate since April 2023. Read More |
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02.13.24- Inflation: Consumer prices rise 3.1% in January, defying forecasts for
The Consumer Price Index (CPI) rose 0.3% over the previous month and 3.1% over the prior year in January, slightly higher than December's 0.2% month-over-month increase but a deceleration from December's 3.4% annual gain. Read More |
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02.12.24- Jerome Powell Begs Washington to Save the American Economy
Since August, total debt has piled on more than $1 trillion in only a few months, establishing another record total of $34 trillion. Read More |
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02.10.24- The Fed asks America to fill in the blanks
For most of the past decade, even as the debt spiraled out of control and passed $20 trillion, $25 trillion, $30 trillion, etc., hardly anyone in the media said a word about it. If anything, they would insist that the ‘debt doesn’t matter.’ Read More |
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02.09.24- And Now, for Something Entirely Different: Global Economic War – Where the Dollar Stands in the Chaos
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02.08.24- Stocks and Bonds in Jeopardy as Powell's Punch Hits Home
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02.07.24- Here’s When the Fed Will Cut
Before last week’s Federal Reserve meeting, I offered readers the following forecast of what would happen at that meeting: On Wednesday, the Fed will leave its target rate for fed funds unchanged. That decision will keep the federal funds target at 5.50% as set at the July 26, 2023 meeting. Over the course of fifteen FOMC meetings beginning March 16, 2022, I’ve been correct in all my forecasts including the “skipped” rate hikes at the June, September, November, and December 2023 meetings. Read More |
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02.06.24- The Fed Cannot Cut Rates As Fast As Markets Want
Unfortunately for many, headline figures will support a hawkish Federal Reserve, and the latest comments from Jerome Powell suggest rate cuts may not come as fast as bond investors would like. Read More |
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02.05.24- How Will The Fed React To The Supply-Driven Inflation Shock In Goods
US non-farm payrolls put the final nail in the coffin of a March rate cut on Friday by printing at almost double the consensus estimate of economists surveyed by Bloomberg. Payrolls rose by 353,000 in January versus an expected gain of 185,000, and the December figure (already a beat) was revised higher by 117,000. Even the most bullish forecaster on the survey under-clubbed the number to the tune of 53,000 jobs (more than 1 standard deviation). Average hourly earnings also beat expectations to print at 0.6% m-o-m, which took the year-on-year figure back up to 4.5%. Read More |
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02.03.24- The numbers may be fake, but they have plunged a dagger into the back of the Powell pivot fantasy
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02.02.24- Powell Pummels Lunatic Market Mania
Powell drop-kicked the “Fed pivot in March” mantra to the floor today, driving the Dow down more than 300 points (-0.82%), the S&P down 79 points (-1.61%) and the topsy-tech NASDAQ down a major 345 points (-2.23%). Asked about the March mania, Powell said,
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02.01.24- The US Is Living
I repeated my claim that debt markets and debt levels made the future of Fed policies, currency moves, rate markets and gold’s endgame fairly clear to see. Of course, as facts change, opinions change as well. Read More |
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01.31.24- Inflation has slowed. Now the Federal Reserve faces expectations
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01.30.24- Inside the Darién Gap; Agenda 2030 Mass Migration Plan Exposed
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01.29.24- And Now, for Something Entirely Different: Let’s Pray That Texas
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01.27.24- And Now, for Something Entirely Different: The Left Had Better Watch Its Fani
The Atlanta district attorney, Fani Willis, decided to play superhero in her own performance art production to rescue the Dems from their disastrous decision to let gropey Joe lead the party. She figured she could clear the field for Joe by indicting Donald Trump, and 18 others, on federal racketeering charges. It seems that the Donald did the same thing that every losing Democrat since Al Gore has done: he questioned the vote-counting. That’s considered “protecting our democracy” when a Democrat does it, but according to Fani, it’s criminal conspiracy when a Republican does it. Read More |
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01.26.24- The Fed Lost Billions and You're Going to Pay for It!
The last time the Fed ran a net operating loss was 1915. The loss was a direct result of the Fed’s interest rate hikes to fight price inflation. Read More |
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01.25.24- The Chaos of Conflict Spreads and Burns the Hopes of Central Bankers
The Dow ended another doggy day down as the S&P eked a tiny speck upward while bond yields continued to rise as the market continued to price Fed rate cuts out further as prospects for inflation become more heated. Read More |
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01.24.24- Inflation Gives Fed the Finger
Let’s begin the analysis with the latest data. Last Friday, the Bureau of Labor Statistics reported that inflation (as measured by the Consumer Price Index, CPI, on a year-over-year basis) was 3.4%. That’s practically the Federal Reserve’s worst nightmare. Read More |
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01.23.24- Don’t Tax the Rich. End the Fed!
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01.22.24- Federal Reserve Payments to Banks Trigger Largest Ever Operating Loss
The Fed said it lost roughly $114.3 billion in 2023, its largest-ever annual loss. Read More |
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01.20.24- This is a Blueprint for How the Dollar Goes Kaput
With no agreement on spending anywhere on the horizon for the current fiscal year, the US Congress passed yesterday a ‘Continuing Resolution’ to keep the government temporarily funded for another six weeks. Read More |
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As the Fed’s Quantitative Tightening hums along on autopilot, its assets have fallen by nearly $1.3 trillion as of its weekly balance sheet released on Thursday, and its liabilities have fallen in equal amounts. The dropping liabilities are a result of QT. Here we’ll discuss two of the Fed’s big four liabilities: ON RRPs and Reserves. Read More |
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01.18.24- How many times the Fed will cut interest rates is a hot topic in Davos
But they aren't necessarily the hottest topics — that could be reserved for what the Federal Reserve may or may not do with interest rates in 2024. Why, you ask? Read More |
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01.17.24- Will the Fed Sabotage Trump?
Do those two conditions have anything to do with each other? The Federal Reserve would say no but history would say yes. Read More |
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01.16.24- Congratulations, Fed!
Strangely, few seem to ask the source of this astounding 50% leap. Wall Street has certainly cheered this vast increase, but few analysts ponder the source, or ask if the source is a net plus for the economy and nation. Read More |
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01.15.24- Futures Dip As Doubts Emerge About March Rate Cut,
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01.13.24- And Now. for Something Entirely Different: Washington Escalates
Washington chose this moment to escalate in order to direct the news away from Israel’s trial in the International Court of Justice. Regardless, Washington’s neoconservatives intended escalation from the beginning of the Israeli-Hamas war. Read More |
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01.12.24- And Now, for Something Entirely Different: Political Man vs.
It is a contest between two mighty men — political man — and technological man. At stake is the destiny of everyman, presently in the siege of political man. Under political man the nation has taken aboard $34 trillion of debt. Read More |
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01.11.24- What Happens
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There are shocking similarities between South Africa and the United States of America, explained Simon Roche, the director of foreign affairs for Suidlanders, an Afrikaner preparedness organization, in an episode of Conversations That Matter . Read More |
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01.09.24- Mission Accomplished: Yellen Says Fed's Battle is Over!
Janet Yellen coos that the Fed has landed so softly we didn’t even feel the wheels touch the tarmac. It’s “mission accomplished,” according to Jesse Felder’s take on Yellen’s praise for the Powell landing. Apparently inflation has been tamed now with no significant damage to labor and no recession. Read More |
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01.08.24- What the Fed Accomplished: Distorted the Economy, Enriched the Rich and Crushed the Middle Class
Let’s summarize what the Federal Reserve accomplished since embarking on its massive interventions to control volatility, risk, bond yields, interest rates, the mortgage market, bank subsidies and liquidity, all of which can be summed up as the cost of credit-capital, that is, capital that is borrowed into existence based on some form of collateral or income stream. Read More |
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01.06.24- Zero Hedge Admits it Was Wrong about Fed Pivot
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01.05.24- Corrupt Money, Corrupt World
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01.04.24- 2024 Could Be Horrible For The Dollar
Here are 3 big reasons why Peter thinks inflation might rise even higher this year. 1. The Fed wants to boost Biden’s reelection Read More |
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01.03.24- The Fed Will Lose Control In 2024
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01.02.24- And Now, for Something Entirely Different: 2024 Will Be A Year Of Historic Natural Disasters
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01.01.24- New York Fed: Inflows to reverse repo facility surge, hitting $1.018 trillion
Friday's inflows were expected to jump and were well above the $829.6 billion seen on Thursday. Friday's inflows were the first time above $1 trillion since Nov. 13. Read More |
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When the stewards of monetary policy are so uncertain, the best course of action is to do nothing.
Federal Reserve Chair Jay Powell has been very firm and consistent in his messaging about the election and fiscal policy.
As the 1800s came to a close and the world propelled itself full of innovation and optimism into the 20th century, there was perhaps nowhere else on the planet more admired and envied (except for the United States) than Argentina.
President Trump’s pick for Treasury Secretary, Scott Bessent, has stated that he believes the world is on the cusp of a “global economic reordering”. And he would “like to be a part of it”.
As the Deep State continues its desperate push to cause as much chaos as possible before Trump takes office with the overthrow of Assad in Syria and deeper strikes into Russia causing Putin to loosen his nuclear weapons doctrine, Newsweek recently 
As we approach what usually should be a blissful holiday period, the treacherous path the world is now on does not bode well for 2025 and beyond.
Money Metals writer Mike Maharrey yesterday shot down the laughable assertion made this week by Federal Reserve Chairman Jerome Powell that bitcoin is, "like gold," merely a "speculative asset" and thus a competitor with gold, not the dollar, because people aren't using bitcoin for payments or as a store of value.
“We’re a creature of Congress, we’re not in the Constitution.”
Lawmakers in the Lone Star State are so fed up with dollar devaluation that they’re taking matters into their own hands. Outlining a bold proposal to reinvent money – and it’s certain to have the Federal Reserve in an uproar. Here’s the opening shot in the battle of Texas versus the Fed… 
In the year 1157, the Republic of Venice was engaged in a bitter trade war with its archrival the Byzantine Empire.
Judy Shelton has spent her career advocating for sound money. Her latest book, “
The People’s Bank of China (PBoC) is covertly buying very large amounts of gold, adding upward pressure to a tense gold market.
The Federal Reserve booked $19.9 billion in operating losses in the third quarter.
The United States is in a much worse place than it was thought to be. The election of Donald Trump signified a desire to end a lot of abuses of the government against the people. They did it to Trump and had no problem doing it to anti-abortion protesters or school board attendees when they disagreed with the sexualization of their children. 
Ethereum’s rollup-centric layer-2 roadmap has successfully tamed the congestion and ludicrous gas fees on the base layer - but at the cost of creating a fragmented ecosystem.
WASHINGTON (AP) — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.
It’s been a wild ride. After years of near total leftist control of every significant social and governmental institution in the US and abroad the American people have said enough is enough. The progressives have once again been slapped with the ultimate lesson of our era – Get Woke, Go Broke. This time they’re not just broke; they’re broken. 
Cities and states controlled by left-wing Woke anti-American Democrats are busy at work organizing to oppose the will of the American people as expressed in the presidential election. 
On his first day in office, President Trump will be walking into a fiscal disaster. Brandon Smith of Alt-Market.us lays out an aggressive plan to salvage the U.S. economy from the brink of collapse – and explains the crucial role physical gold and silver will play…
People are out and about, smiling at each other. It’s been true since the morning after the election, the results of which defied every prediction. Who doesn’t like to see the smug elites who have ruled the world for five awful years taken down a peg? 
This week, Donald Trump shocked the Washington D.C. establishment to the core. For decades, the unelected bureaucrats that control our mammoth federal agencies have been running our country into the ground. No matter who we have sent to Washington, the culture in these agencies has remained the same. 
Well, inflation is up again. You’re probably not surprised, and neither are we.
There were a few seemingly tense moments at the FOMC press conference on Thursday when two reporters asked Jerome Powell about the prospect of Donald Trump asking Powell to resign. The first reporter asked “would you resign if asked to do so by Donald Trump?” To this, Powell responded with a resounding “no” followed by silence. A few moments later, Powell was asked by another reporter if it was lawful for Trump to either remove or “demote”—that is, remove Powell as chairman, but leave him on the Board of Governors—Powell. To this, Powell responded with a forceful “not permitted under the law.” 
This article is a version of a speech delivered at the 2024 Mises Institute Supporters Summit.
Inflation is a controversial topic among economists. They can’t always agree on the best ways to measure it, or even what causes it. They all agree on one thing, though. You’ll never believe why the so-called experts think inflation is a necessary evil… 
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of 
RFK Jr. recently pledged, from his future perch high up in the Trump administration that the former president has promised him, to drain known neurotoxin fluoride from the water supply — in particular, a highly toxic form of fluoride and biproduct of industrial fertilizer production called fluorosilicic acid. 
A majority of American voters distrust the pillars upon which democracy rests — the vote itself.
Many people around the world have the idea that their governments are there for their benefit, to help them, especially when times get tough. But the fact of the matter is that governments actually have no incentive to help you, not today and not tomorrow…
The corpse of King Louis XV was still warm when his son and successor, 19-year old Louis XVI, started cleaning the royal house.
When are we going to stop it from happening
Sometimes things don’t work out as planned…
Is the art of conversation dying or dead amongst those born since 2000? Does that age cohort favour emojis and digital communication over face to face human interaction and verbal dialogue? I ask these questions both rhetorically and tongue-in-cheek, because we all know the answer.
That lip is going to be getting a little raw.
Statistical manipulations are at the heart of the Bidenomics success story, according to Brandon Smith of Alt-Market.us – but does that really matter? How would the economic landscape change during a second Trump presidency?
The Federal Reserve boasts of its data dependence. But what if it’s relying on bad data?
Of all the dangers that threaten the global financial system, the one most likely to topple it is the US Government’s debt trap. This article explains how and why it is becoming inevitable 
Gold pared gains after hitting another record as traders look ahead to a speech by Federal Reserve Chair JeromePowell later this week. 
“Most people think today will be like yesterday,” Daily Reckoning co-founder Bill Bonner says…
Why is the 
The Fed surprised no one today when it chose not to lower interest rates at this week’s FOMC meeting. What was a small surprise to some was that Powell said nothing in his prepared talk about cutting rates in September either. So he was asked about that by a number of reporters in the question-and-answer time afterward, to which he stated in a very measured way that, while he saw the lowering of rates in September as more likely than the Fed had presumed before, it would all depend on whether inflation continued to keep its head down. 
Once upon a time America had a capitalist economy. Bank deposits were used for loans that expanded productive ability. America produced its own goods and grew its own food. America’s currency was backed by gold and inflation was nonexistent. New technology brought into play by new investment improved the productivity of labor, and living standards rose. Profits were plowed back into improved methods and expanded production. 
The Federal Open Market Committee (FOMC) of the Federal Reserve is meeting today and tomorrow for the purpose of discussing the economy and setting monetary policy going forward.
Many claim the problem with fractional reserve banking is that it loans money into existence. It does, but under normal circumstances the money created by commercial banks disappears when loans are repaid or defaulted on, which therefore doesn’t create a permanent inflation of the money supply. 
The International Monetary Fund, a creature birthed at the Bretton Woods Conference in July 1944, turned 80 years old this week. Its bureaucrats are worried.
And I’m DEAD WRONG on all of it (if all that you read is true)... but so is the Fed!
Why does government lie so repeatedly — and so atrociously?
History repeats. (Or it rhymes, depending on your choice of words.)
I and others have pointed out astonishing voids in the Secret Service’s protection of Trump. The voids are so egregious that they cannot be blamed on incompetence. Scott Ritter says that intent is the only explanation. 
The latest inflation report says we’re still 50% over the Fed’s target. Is that really close enough? Will inflation disappear by itself? Why is Jerome Powell so close to giving up the inflation fight? 
Ex-president says he would let Jay Powell finish term at central bank if he was ‘doing the right thing’
What passes for central banking today is really a perverse form of Wall Street-pleasing monetary manipulation. It employs the vocabulary of central banking, but in practice it fundamentally undermines main street prosperity, even as it showers the 1% (the top wealthiest people) with unspeakable financial windfalls.
Central banks continued to buy gold in May, but the pace slowed moderately with China at least temporarily out of the picture.
The doom and gloom surrounding the Presidential race is both undeniable and justified.
From Stem to Stern, This Debacle Exposed the Rot of a Political System in Rapid and Irreversible Decline
Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold.
NEW YORK/MILAN, July 2 (Reuters) - The dollar slipped on Tuesday in choppy trading after Federal Chair Jerome Powell struck a slightly dovish tone in his comments, suggesting that the U.S. central bank is more than likely to start its easing cycle later this year. 
Deficit spending is not a growth tool. It is the recipe for stagnation.
If one follows news relating to the economy, they surely have come across certain mainstream rhetoric in support of the Federal Reserve System.
The mainstream financial media is reporting that inflation is coming down.
The gold “held” in custody by the Federal Reserve on behalf of the U.S. Treasury Taxpayer has not been formally and independently audited since President Eisenhower was in the White House. Anyone who has studied this issue, particularly GATA, does not take the official published numbers seriously. Many of us question if the gold is still there, having likely been leased to bullion banks in the official effort to keep the price suppressed. 
Or, at least, the hopes of a soft landing are going down as prices rise.
Federal Reserve Governor Michelle Bowman on Tuesday signaled she is in no rush to cut U.S. interest rates, particularly given upside risks to inflation that could stall progress or even cause price pressures to resurge. 
According to the Bureau of Labor Statistics' latest
The question of whether the Federal Reserve lowers interest rates at its next meeting in March, raises them or continues “the pause”, will be on everyone’s minds when Personal Consumption Expenditures (PCE) inflation data comes out this Thursday.
Prices will always increase, some small banks will fail, and the Fed was asleep at the switch when the run on Silicon Valley Bank occurred. Fed chair Jerome Powell 
NEW YORK, Feb 23 (Reuters) - Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be delayed by at least two more months.
The Federal Reserve is the engine that powers one of the biggest, most powerful governments in history. 
Maybe the problem with all of the government can be summarized by what the Federal Reserve is doing.
The January inflation numbers came out this morning, and they weren’t good for Wall Street.
US consumer prices rose more than expected in January, according to the 
We called the surging accumulation of government debt “unsustainable” 
It’s interesting to see how so many mainstream voices are starting to express concern about the gargantuan size of the US national debt.
In a recent statement posted to social media, Tucker Carlson explained succinctly his many reasons for traveling to Russia to interview President Vladimir Putin. His decision, mired in an avalanche of outrage from leftist media talking heads and a multitude of western politicians, was inspired by Carlson’s concern that Americans have been misdirected by corporate media propaganda, leaving the public completely uneducated on the war in Ukraine. 
When will the Fed cut rates? Before giving you the answer, let’s back up.
Market participants started the year with aggressive expectations of rapid and large rate cuts. However, after the latest inflation, growth, and job figures, the probability of a rate cut in March has fallen from 80 to 19%. 
A scorching-hot jobs report finally woke up a few bond vigilantes today to recognize they have priced bonds on the wrong side of history. With so many jobs supposedlyadded to the economy, the odds of a Fed pivot on interest rates in March got skewered. With no visible signs of any slack appearing in the labor market and Powell claiming the economy is strong and resilient, what possible reason could he have to lower rates when inflation is still up? 
In late December, I published a 
WASHINGTON (AP) — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is 
The years-long showdown between Texas and the Federal Government over the Texas-Mexico border took a dramatic—and potentially dangerous—turn this week. The Supreme Court (with Amy Coney Barrett as the deciding vote) ruled that Texas could not prevent the Federal Government from taking down the barbed wire fence that Texas installed along part of the border. In turn, Texas Governor Greg Abbott ordered the Texas National Guard to defend the barbed wire fence (and thus the border), saying that it was a matter of the state’s self-defense that supersedes the Supreme Court ruling.
I was going to avoid commenting on the Fani Willis comedy routine playing in Atlanta. But after the last week’s events, I’m busting at the seams with snark. So here goes.
The Federal Reserve recorded a record loss of $114.3 billion in 2023, and you (the American taxpayer) are on the hook.
The demise of China's economy and the rise of war in the Middle East is spreading globally as economic damage. Central bankers are now warning that it is making their inflation fight much harder. 
Is inflation over? Actually, no. And it may be getting worse.
Select politicians, government officials, economic elites, and experts arriving at the annual World Economic Forum meeting in Davos, Switzerland were greeted with an open letter signed by more than 250 billionaires and millionaires. The signers request their respective governments raise their taxes. 
The Federal Reserve quietly lost a fortune in 2023 as interest it pays out to banks swamped the interest it earns on its bond portfolio, data released by the central bank Friday showed.
The mainstream holds the Fed is busy planning a return to the glory days of zero interest rates, but ZIRP is on the downside of the S-Curve; it’s done, gone, history.
It is funny how Zero Hedge admitted it was wrong. They did it by admitting everyone else was wrong who got tied up in the latest mess of pivot mania without mentioning that they were caught up in it themselves. In fact, they were practically championing the mania, rather than criticizing it as they should have been. 
Peter Schiff left a 
We didn’t even make it through an entire day in 2024 before our planet sent us some enormous reminders that it is becoming increasingly unstable. Unfortunately, the earthquakes that we just witnessed in California and Japan are just the beginning. 2024 will be a year of historic natural disasters, and in many cases there won’t be any warning at all. In Japan, people were preparing for an ordinary New Year’s Day when all of a sudden the shaking began. 
NEW YORK, Dec 29 (Reuters) - The Federal Reserve Bank of New York said on Friday it accepted $1.018 trillion at its overnight reverse repo facility, as inflows to the central bank liquidity facility surged on the final trading day of the year.