The Federal Reserve Bank

G0d4ather/iStock/Getty Images Plus Are Americans better or worse off under a Joe Biden presidency? For many, the determining factor is the state of their pocketbooks. According to a survey of consumer sentiment published Friday by the University of Michigan, inflation expectations are markedly up, with consumers expecting inflation to run at 4.2 percent 12 months from now, in contrast to...

AP Images Nicholas Burns During an interview with Bloomberg Television on October 19, U.S. ambassador to China Nicholas Burns urged the Chinese government to condemn terrorism by Hamas, arguing that Beijing’s stance toward the group was another major division in already-deteriorating bilateral ties between China and the United States.   President Joe Biden reinforced America’s strong support for Israel during a...

The Big Bond Bubble is bursting rapidly now, and it’s taking everything down with it, thanks to Fed inflation forcing the demolition of all Fed recoveries at the same time. Originally posted at The Daily Doom. Wolf Richter is calling it a “bond bloodbath,” which he says is happening because delusions about the Fed’s fight with inflation are finally giving way....

Vertigo3d/iStock/Getty Images Plus The federal government is now spending more to pay interest on the government’s gross debt of $33 trillion than it does on national defense, according to the U.S. Treasury’s monthly statement.  The reported data totaled government receipts and outlays for fiscal year 2023 through August, noting that over $807 billion has been spent in interest on the nation’s...

Politics One a Penny, Two a Penny The joke of a recession is on the middle class, whose money means less than ever.  Credit: RomanR Recession or no recession, many Americans have taken the economic stress of the last few years on the jaw. While inflation slows, the Wall Street Journal reports this week that the Fed’s interest rate hikes...

AP Images Seven Republicans showed up for the Republican presidential debate Wednesday night at the Ronald Reagan Library in Simi Valley, California, and had a spirited debate with each other over the issues and which of them is the best choice for the Republican nomination. But they also had to debate the moderators from Fox Business, who appeared to believe...

bin kontan/iStock/Getty Images Plus The House Financial Services Committee has been busy of late. On Wednesday, September 20, no fewer than 11 separate pieces of legislation were passed out of committee, a number of which have very positive ramifications for the cause of liberty. Perhaps the most important is H.R. 5403, the “CBDC Anti-Surveillance State Act,” which would ban the...

China has a larger plan to expand the world’s use of its currency, use that is still very little. President Luiz Inacio Lula da Silva proposes, in practice, that Argentina pay for part of its purchases from Brazilian companies in yuan, a very small part. In 2023, the Argentine people can use Chinese currency to pay for the equivalent of...

alancrosthwaite/iStock/Getty Images Plus The federal government — including the legislative, executive, and judicial branches — has for decades implemented and enforced unconstitutional and increasingly-socialist policies. These policies and programs have significantly increased the size of government, and are pulling our Republic away from the U.S. Constitution and its founding principles as enshrined in the Declaration of Independence. However, the situation...

Originally published in The Daily Doom. In this weekend’s “Deeper Dive” I laid out the facts and meaning of our first notable rise in unemployment. Today, I present for everyone a graph showing that, based on a recession indicator that has almost never failed to be SPOT ON, we are now entering a recession. Since we entered a recession (based on the...

DNY59/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...

LeoHohmann.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...

This 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...

Calls 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...

Last 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...

This 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...

This 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...

Recently, 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...

On 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...