The Federal Reserve Bank

The Federal Reserve Bank is not a US governmental institution. even though most Americans think it is. This has been a fallacy perpetrated on the American people for almost 100 years now. It is independent of the US government but through some nonbinding laws is somewhat accountable to the US Congress but has never been audited or truly overseen by the Congress. The chair and board of governor's staff testify before Congress and submit a Monetary Policy Report twice a year. Independently audited financial statements and FOMC meeting minutes are public but they are only superficial to reality. In reality, it is a cabal of bankers that have had free reign to print money out of thin air for almost 100 years. They then charge the American people interest on that creation of money. Not a bad gig if you can get it.

Census Bureau: Household Income Declining, Cost of Living Rising

bunhill/iStock/Getty Images Plus More and more Americans are not feeling the “joy,” the campaign strategy adopted by Democrat presidential candidate Kamala Harris. The latest report from the Census Bureau reveals that the average family under the Biden-Harris administration is giving back much of what it gained during the Trump administration.In 2015, the year before Donald Trump became president, the median...

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Biden Plan to “Help” Parents is a TRAP! – Liberty Sentinel

Under the guise of “helping” parents deal with stress, the Biden administration is plotting a dramatic expansion of government into the home. In short, federal authorities are seeking to take on even more responsibilities traditionally associated with the family while drugging ever larger numbers of Americans. Critics, though, are sounding the alarm. Among other concerns, opponents are warning of a...

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Fed Beige Book’s Anecdotes Reveal Weakening Economy

Bet_Noire/iStock/Getty Images Plus The “Beige Book,” released every six weeks by the Federal Reserve, provides anecdotes from business owners on the state of the economy from their regional perspectives. The latest report, released early this week, confirms the economy’s slowdown and likely slide into recession.From the Boston district: “Retailers aimed at gently lowering their average prices to consumers … by...

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Politics

Trump and Harris Ignore a Great Danger Facing America

Ron Paul The Penn Wharton Budget Model, a think tank headquartered at the University of Pennsylvania, recently released a study claiming former President Donald Trump’s economic plans would add about four trillion dollars to the national deficit over ten years while Vice President Kamala Harris’s economic plans would add about two trillion dollars.Vice President Harris would increase the deficit largely...

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Six in 10 Americans Believe US Economy Is in Recession

Baris-Ozer/iStock/Getty Images Plus Talker Research, formerly OnePoll U.S., reported that six out of 10 Americans believe the U.S. economy entered a recession 15 months ago. Further, they believe it won’t end until the middle of 2025. Major Media Head Fakes The “head fake” news today reporting that weekly and continuing unemployment claims dropped by 7,000 and retail sales increased in...

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Global Market Crash 2024: Causes, Consequences, and the Fed’s Role

The global financial markets experienced a significant shock on August 5, 2024, as fears of a potential US recession triggered a widespread sell-off across various asset classes. This article explores the causes and consequences of this market crash, its impact on different sectors, and the role of the Federal Reserve in stabilizing the situation. The Catalyst: Weak US Economic Data...

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Food, Dispossession and Dependency | Covert Geopolitics

We are currently seeing an acceleration of the corporate consolidation of the entire global agri-food chain. The high-tech/big data conglomerates, including Amazon, Microsoft, Facebook and Google, have joined traditional agribusiness giants, such as Corteva, Bayer, Cargill and Syngenta, in a quest to impose their model of food and agriculture on the world. The Bill and Melinda Gates Foundation is also involved (documented in...

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U.S. Debt Hits $35 Trillion

zimmytws/iStcok/Getty Images Plus While all the public attention is on a tumultuous presidential campaign and on war in the Middle East, another story — one that has received scant media attention in recent months — registered another major development on Monday. Yesterday the official national debt surpassed $35 trillion for the first time, very much on schedule. At its current...

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Bidenomics Hits Conn’s, Forces Bankruptcy

Whisper Conn’s, Inc. is a 134-year-old retailer in the southeast United States operating more than 550 stores and employing nearly 4,000 people. By the end of October, the retailer that offers consumer electronics, appliances, and furniture will cease to exist. Creditors will lose an estimated $2 billion in loans they cannot recover, and stockholders will suffer a complete loss of...

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Protectionism vs. Free Trade Plus Axing the Fed with Thomas DiLorenzo – Liberty Sentinel

In this insightful episode of “The Liberty Report,” host Alex Newman welcomes Thomas DiLorenzo, president of the Ludwig von Mises Institute and a renowned economist, to discuss critical issues surrounding America’s economic landscape. They analyze the Republican Party’s internal conflict over economic policies, the pros and cons of tariffs, and the significant role of the Federal Reserve in the nation’s...

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Republican Platform Ignores Real Causes of Inflation

Ron Paul The 2024 Republican platform promises that, if Donald Trump returns to the White House and Republicans gain complete control of Congress, they will reduce inflation. The platform contains some proposals, such as reducing regulations and extending the 2017 tax reductions, that may help lower prices in some sectors and spur economic growth. However, the GOP platform does not...

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A Path to the New World Order – Liberty Sentinel

In the Spring 2024 issue of Free Society, a magazine published by the libertarian think tank Cato Institute, they introduced their Defending Globalization Project. Scott Lincicome is Vice President of General Economics at Herbert A. Stiefel Trade Policy Center. As the magazine says, “Scott Lincicome is leading this Institute-wide effort to make the case for the free movement of goods,...

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Jobs Report Confirms Slowing Economy

zimmytws/iStock/Getty Images Plus Friday’s jobs report from the Bureau of Labor Statistics (BLS) confirms the two reports released on Wednesday: The U.S. economy continues to slow, while workers’ wages remain way behind inflation.The top line number of new jobs created — 206,000 — is phony. The BLS reported that downward revisions of previously reported new jobs in April and May...

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Don’t Let Calm Seas in Uncharted Fiscal Waters Fool You

Veronique de Rugy The United States is full steam ahead into uncharted fiscal waters, with rapidly growing federal debt promising a choppy economic future. Candidates Joe Biden and Donald Trump have added trillions to the national debt during their recent presidential administrations, leaving America at a critical juncture that demands urgent, bipartisan action.If you read this column, you know the...

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New Job and Layoff Reports Tell of a Weakening Economy

bunhill/iStock/Getty Images Plus Two reports released on Wednesday reveal a weakening U.S. economy. The Labor Department announced that jobless claims, i.e., layoffs, rose to 238,000 last week, near a one-year high. And the private payroll processor ADP reported that the economy generated just 150,000 new jobs last month, falling below a muted estimate by Wall Street Journal economists of 160,000.In...

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Biden Spokesman Jean-Pierre: Gas, Food Prices Down. Data: No, They Aren’t.

sefa ozel/iStock/Getty Images Plus In the real world where Americans live, gas, food, and other consumer prices have risen dramatically since President Joe Biden took office.Prices at the grocery store are out of sight. Filling the gas tank practically requires a second mortgage. And forget buying a home at today’s prices and mortgage interest rates. Apartment rents are zooming.But in...

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Anti-Liberty Conservatives Want More Theft

Ron Paul American Compass, a think tank promoting a conservatism lacking even a rhetorical commitment to free markets, recently called for Republicans to support tax increases. The organization claims a GOP embrace of higher taxes will enable the uniparty’s left (Democratic) and right (Republican) wings to create a deficit reduction plan balancing tax increase with spending cuts.American Compass is correct...

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Biden’s Housing Policies May Be Setting the Stage for Another Crash

G0d4ather/iStock/Getty Images Plus In the first several years of the 21st century, federal policies encouraging banks to grant mortgages to borrowers who couldn’t repay them, government purchases of mortgage-backed securities, and other housing-market interventions led to skyrocketing housing prices and record consumer debt, precipitating the 2008 crash.Yet the Biden administration, having learned nothing from this fiasco, has enacted similar policies...

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