“There is no sense that inflation is coming down,” said Federal Reserve Chairman Jerome Powell at a November 2 press conference, — this despite eight months of aggressive interest rate hikes and “quantitative tightening.” On November 30, the stock market rallied when he said smaller interest rate increases are likely ahead and could start in […]
The Real Goal of Fed Policy: Breaking Inflation, the Middle Class or the Bubble Economy? “There is no sense that inflation is coming down,” said Federal Reserve Chairman Jerome Powell at a November 2 press conference, — this despite eight months of aggressive interest rate hikes and “quantitative tightening.” On November 30, the stock market rallied when he […]
Kit Knightly Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on. From the moment bitcoin and other cryptocurrencies first emerged, sold as an independent and …
Or, will the ideology behind it, simply descend into a zero sum game of big power Tech rivalry on a par with 19th Century great power rivalries?
Ron PAUL
Federal Reserve Chairman Jerome Powell recently announced that the Fed is abandoning “inflation targeting” where the Fed aims to maintain a price inflation rate of up to two percent. Instead, the Fed will allow inflation to remain above two percent to balance out periods of lower inflation. Powell’s announcement is not a radical shift in policy. It is an acknowledgment that the Fed is unlikely to reverse course and stop increasing the money supply anytime soon.
It should probably come as no surprise to anyone that Trump went into immediate attack mode after last night's 60 Minutes interview with Rick Bright. If you missed it, by all means give it a listen above.
Would Trump put his own personal interests ahead of the country's interests? If anyone doesn't know the answer to that, it's useless trying to persuade them. In truth, if Trump could gain a quarter by costing the U.S. a billion, he would jump at it. Trump will sell us out to our enemies in a blink of an eye.
President Trump has stepped up his criticism of the Federal Reserve, saying of its aggressive interest rate hikes that it has “gone crazy.” The same charge has been leveled against Trump, but there may be a method to his madness . . . . October was a brutal month for the stock market. After […]
