While Drowning In A Sea Of Debt, Americans Grab Fed’s Inflatable Life Raft Filled With Broken Glass and (Surprise!) More Debt

While Drowning In A Sea Of Debt, Americans Grab Fed’s Inflatable Life Raft Filled With Broken Glass and (Surprise!) More Debt By Charlie Robinson America is so rich that money grows on trees. Well, if one considers credit cards and debt to actually be money, then maybe it does sort of grow on trees because access to debt is virtually everywhere. The American masses have come to think of debt as a necessary part of their daily existence, and for some, it is the bridge that gets them from one…

Read More

Congress Still Covering for the Fed’s Bailouts

Congress Still Covering for the Fed’s Bailouts By Clint Siegner Wall Street owns Washington DC – figuratively speaking. In literal terms, the largest banks in the nation own the Federal Reserve. They also bought and paid for a great number of DC politicians as evidenced by campaign contributions, Congressional voting records and sham oversight. This was on full display at last week’s Committee on Financial Services hearing. “The Honorable Randal Quarles,” Vice Chairman of Supervision at the Fed, was among three people called to report for purposes of “oversight.” A…

Read More

Fed’s Own Forecasts Again Dead Wrong as QE4 Accelerates

Fed’s Own Forecasts Again Dead Wrong as QE4 Accelerates By Mike Gleason Precious metals markets enter November’s trading with bulls eying a potential year-end rally. Gold and silver prices did manage to post gains on Wednesday and Thursday after the Federal Reserve announced a quarter point rate cut. But the Fed followed up its move with language suggesting interest rate policy is now on pause. News Anchor #1: The Federal Reserve cut the benchmark rate by a quarter of a percentage point. It’s now at 1.5% to 1.75%. The rate…

Read More

The Fed’s “Not QE” Is Morphing into “QE4ever”

The Fed’s “Not QE” Is Morphing into “QE4ever” By Mike Gleason Another week, another new and expanded repo market intervention by the Federal Reserve. On Thursday, the Federal Reserve Bank of New York intervened twice with fresh liquidity injections. Fed officials raised their offerings for overnight repos up from $75 billion to a staggering $120 billion. This comes on top of the $60 billion per month in Treasury bill purchases that will extend well into next year and possibly beyond. Over the past month alone, the Fed’s balance sheet has…

Read More

Why Does The Federal Reserve Keep Slamming The Panic Button Over And Over If Everything Is Okay?

Why Does The Federal Reserve Keep Slamming The Panic Button Over And Over If Everything Is Okay? By Michael Snyder What in the world is the Federal Reserve doing?  For months the Fed has been trying to publicly convince us that the U.S. economy is “strong”, and Fed Chair Jerome Powell recently unequivocally stated that “the Federal Reserve is not currently forecasting a recession”, but the Fed’s actions tell a completely different story.  If the U.S. economy really is performing well, any economics textbook will tell you that the Fed…

Read More

Leading Indicator Of Home Remodeling Activity Warns Big Drop Coming

Leading Indicator Of Home Remodeling Activity Warns Big Drop Coming By Tyler Durden Growth in residential remodeling spending is expected to fall through 2H20, according to the Leading Indicator of Remodeling Activity (LIRA) published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The leading indicator [LIRA] forecasts that annual growth in homeowner expenditures for improvement will plunge 6.3% in the current quarter to just .40% by late spring 2020, an ominous sign that a deep structural slowdown which started in 1Q18 is now spreading like cancer through…

Read More

NEGATIVE RATES LUNACY: History Will Condemn This STUPIDITY!

NEGATIVE RATES LUNACY: History Will Condemn This STUPIDITY! This is a critical update from one of the best financial commentators I know, a good friend of ours, Mr. Lior Gantz of WealthResearchGroup.com and we’re excited to share this one with you! When people read books about our times 80-120 years from now (which will describe the conditions that led to the worst financial crash this world will have ever seen), readers will demand to understand how billions of people from all walks of life chose to believe in fiat currencies,…

Read More

BOOK THE PRESIDENTIAL SUITE: Silver 52-Week Highs!

BOOK THE PRESIDENTIAL SUITE: Silver 52-Week Highs! This is a critical update from one of the best financial commentators I know, a good friend of ours, Mr. Tom Beck, who runs PortfolioWealthGlobal.com and we’re excited to share this one with you! Warren Buffett hasn’t been able to beat the indices for seven straight years. That has NEVER happened before in his whole career. It’s a great indicator of how the past 10 years have been remarkably different than those before them for investors. More than ever before, CEOs have been using earnings…

Read More

The Myth of Authority: Mnuchin Denies USD Is Used Criminally

The Myth of Authority: Mnuchin Denies USD Is Used Criminally By Graham Smith U.S. Treasury Secretary Steven Mnuchin has once again weighed in on Bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need for regulation. Such blatant demonstrations of economic incompetence being so frequent recently, bitcoiners worldwide are left wondering about the nature of centralized…

Read More

California Committee Approves Measure to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve

California Committee Approves Measure to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve By Michael Maharrey Last week, a second California Assembly committee unanimously passed a bill that would establish limited state-chartered banks to serve the cannabis industry. Final passage of this legislation would remove a major federal roadblock in front of the developing industry in the state and further nullify federal prohibition in practice. Sen. Bob Hertzberg, (D-Van Nuys), along with a bipartisan coalition of eight cosponsors, filed Senate Bill 51 (SB51) on Dec. 4.  The legislation would create a…

Read More