"Fractional Reserve Banking" was created by the Federal Reserve. The Federal Reserve is OWNED BY PRIVATE BANKERS and is not a government entity. The private bankers spared no cost to remove the US from the gold standard then they started devaluing the dollar and pocketing the profit....
Read moreDNY59/iStock/Getty Images Plus The opening remarks by Federal Reserve Chairman Jerome Powell at Jackson Hole on Friday put Wall Street back to sleep. He said that the Fed is “prepared to raise rates further if appropriate.” That signaled market watchers that the rise in stocks since March will likely continue. The benchmark S&P 500 Index has leapt 15 percent in...
Read moreLeoHohmann.com If there is one indisputable fact when it comes to the epic changes now enveloping the world as everything, even money and humans themselves, become digitized, it’s this: The race to install a global totalitarian control grid is taking place outside of the normal left-right paradigm. Everything you see being argued within a left-right dynamic is a smoke-screen meant...
Read moreThis morning US Treasury yields rose above yesterday’s high close. Now they are hovering right around it. Yesterday put the 10YR Treasury — fundamental in pricing mortgage interest — at its highest since 2007. This year’s meteoric rise, related in large part to a gaping US deficit, and the corresponding massive issuances of Treasuries following the government’s release from its...
Read moreCalls from Congress and state houses to the private sector for out-of-the-box thinking, such as repegging the currency to gold or declaring precious metals to be legal tender, are growing. With inflation plaguing the economy as the U.S. dollar is increasingly being sidelined in international trade, potentially even at risk of losing its status as the global reserve currency, lawmakers...
Read moreLast week, Donald Trump volunteered that he would not reappoint Jerome Powell as chairman of the Federal Reserve. This seems a defensible point. His reasons, at least from a conservative perspective, find no defense. “I felt that he was not good,” the former president told Larry Kudlow about Powell. “In fact, I was very tough on him, and if I...
Read moreThis article was written by Brandon Smith and originally published at Birch Gold Group Perhaps one of the most bizarre recent developments in economic news has been the attempt by establishment media (and the White House) to declare US inflation “defeated” despite all the facts to the contrary. Keep in mind that when these people talk about inflation, they are only...
Read moreThis article was written by Brandon Smith and originally published at Birch Gold Group Perhaps one of the most bizarre recent developments in economic news has been the attempt by establishment media (and the White House) to declare US inflation “defeated” despite all the facts to the contrary. Keep in mind that when these people talk about inflation, they are only...
Read moreRecently, many countries have been nervous about the continuing interest rate hikes by the Federal Reserve, the outflow of U.S. dollar assets and reduced foreign exchange reserves. Furthermore, earlier this year, the U.S. hit the debt ceiling, creating a crisis that made many countries concerned about America’s hegemony in the international financial system. Many of these countries are eagerly trying...
Read moreOn this occasion, the poor performance of China’s enormous economy is helping the Federal Reserve in its fiscal policy to curb inflation. Each day that passes, with every new piece of information that is made public, it seems that the economy of the United States, supposedly commanded by the Federal Reserve (the Fed), is getting closer to achieving something extremely...
Read morehamzaturkkol/iStock/Getty Images Plus Fitch Ratings, one of the three major credit rating services that ranks government debt, was brutal in its assessment on Tuesday of the United States government that caused it to reduce its rating from “prime” to “high medium grade.” It explained: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three...
Read moreThe U.S. Supreme Court has ruled that taking race into consideration in the college admissions process is unconstitutional, breaking with 45 years of legal precedent. Inevitably, there are concerns about whether diversity will suffer and deepen social division. Affirmative action, which involved taking proactive, corrective measures to support the social advancement of racial minorities such as Black, Latino (from Central...
Read moreDevonyu/iStock/Getty Images Plus It has become so obvious that even the less astute among us have noted leftists’ reflexive habit of projection: They tend to accuse others of what they themselves are guilty of. They’d say Covid realists were “science deniers” even as they insisted a boy could will himself into being a girl. They’d say the Right is violent...
Read moreU.S. mortgage rates dropped from an eight-month high, after nearing 7 percent last week, as inflation slows ahead of next week’s Federal Reserve policy meeting. The Fed’s aggressive interest-rate hike policy sent mortgage rates well above 7 percent last year, causing the once booming housing market to crash. Rates have been slow to decline from the nearly two-decade high, forcing many potential buyers out...
Read moreThe number of housing starts tumbled last month, despite signs that the home sales market is heating up again after falling. Housing starts take into account the change in the number of new residential buildings beginning construction. New single-family home construction fell 8 percent from May to June, according to July 19 report from the U.S. Census Bureau. Starts are now at...
Read moreThe New York Federal Reserve Bank said more Americans had their credit applications rejected last month at levels not seen in years. The New York Fed reported on July 16 added that fewer people across the country also sought to borrow. The report was part of the bank’s monthly Survey of Consumer Expectations, which is taken every four months to assess credit access...
Read moreArtificial intelligence could come with both advantages and risks in the financial system, cautions the Federal Reserve’s chief banking regulator. Michael S. Barr, the Fed Vice Chair for Supervision, told the National Fair Housing Alliance 2023 National Conference on July 18 that underserved communities could have greater access to housing because AI technology, such as machine learning, might ensure affordable...
Read moreLONDON—The dollar drifted near a 15-month low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge for downside in the wake of last week’s cooler-than-expected U.S. inflation. The U.S. dollar index, which measures the greenback against a basket of six currencies, fell as low as 99.587, languishing near Friday’s trough of 99.574, its lowest since April...
Read moreAnother senior U.S. official is coming to China. U.S. Treasury Secretary Janet Yellen is visiting from July 6 to July 9. The New York Times, Associated Press, the U.K.’s Guardian, Reuters and many other media outlets all promptly followed up on this. The close attention of the foreign media showed that the world is looking forward to an improvement in...
Read moreAmerican small-business confidence slightly climbed to a seven-month high last month, but concerns about inflation remain persistent, according to a recent report. Pessimism over the U.S. economy diminished sharply, while sales expectations improved, but a persistently tight labor market is continuing to concern analysts about future inflation rates. The National Federation of Independent Business (NFIB) Small Business Optimism Index, which...
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