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.

Commercial Real Estate Forecast Mixed, Office Continues to Slide, Other Sectors Thriving: UCLA Anderson

Commercial real estate in the United States is facing uncertainty, with mixed signals from traditional economic bellwethers like housing and employment contributing to the lack of clarity, and lingering fears of recession leave the predictions open-ended, according to a recent forecast by the University of California–Los Angeles Anderson School of Business, which included estimates for no recession and mild recession....

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Investor Home Purchases Fell 49 Percent in One Year

The percentage of homes purchased by real estate investors fell 49 percent  compared with what they bought a year before, and overall home purchases fell 41 percent, according to real estate brokerage Redfin, which analyzed date from 40 major metros. Something that may have led investors to retreat from the housing market likely are rising interest rates. Even though investors buy...

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Destroying the US Dollar: Biden Admin & CCP BOTH Helping

The Chinese regime is pushing a global campaign to get other nations to join its “de-dollarization” movement, explains Epoch Times contributor Alex Newman in this interview with host Joshua Philipp on Crossroads. Just as important as the CCP’s role, if not more important, however, are the policies being pursued by the Biden administration and the Federal Reserve that are rapidly...

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US Debt Limit Is Gradually Hardening While the Nation’s Strength Weakens – Watching America

America’s “soft” debt ceiling is a systemic flaw that causes spending and inflation to exceed the government’s revenue. The change from a soft debt ceiling to a “hard” one actually depends on the international financial market restraints on the demand for U.S. debt. The change in the demand function shifts with relationships among global geopolitics, economies and finance. Global multipolarization...

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Wall Street Rises With Hopes for Pause to Rate Hikes

NEW YORK—Wall Street rose Thursday with hopes that the Federal Reserve may soon take it easier on its hikes to interest rates. The S&P 500 rallied 1 percent after a suite of reports painted a picture of a split U.S. economy. The job market remains solid, but manufacturing is weakening and retailers are seeing shoppers under pressure. Altogether, investors saw...

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What’s Next After House Passes Debt Ceiling Deal

The U.S. House of Representatives passed bipartisan legislation to suspend the nation’s debt limit through Jan. 1, 2025, despite vocal opposition on both sides of the aisle. The Fiscal Responsibility Act, a fiscal package put together by President Joe Biden, House Speaker Kevin McCarthy (R-Calif.), and their teams of negotiators, overwhelmingly cleared the lower chamber with a 314-117 vote. More...

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Home Prices Rose in March for Second Time After Months of Declines

Home prices across the United States rose for the second consecutive month in March amid widespread shortages and inventory issues, according to data published on May 29. Home prices increased by 0.4 percent nationwide month over month, data from the S&P CoreLogic Case-Shiller US National Home Price index showed. That marked the second month in a row of gains after seven consecutive months of price...

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Wall Street Churns to a Mixed Finish

NEW YORK—Wall Street churned to a mixed finish Tuesday as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 edged up by 0.07, or less than 0.1 percent, to 4,205.52, hovering close to its highest level since August. The Dow...

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Questioning Inflation Figures as US Consumer Price Index Drops to 4.9%

Commentary Numbers recently released indicate that the Consumer Price Index (CPI), the most commonly used indicator of inflationary pressures, fell to a one-year annualized rate of 4.9 percent in the United States. The Biden administration heralded this as a major triumph as Twitter shills sang the praises of the Democrats’ economic stewardship. (In Canada, the government said the CPI fell...

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Dangerous Global Shift From Dollar Driven by CCP and US Policy, Experts Say

The trend away from the U.S. dollar in global trade and finance is accelerating rapidly as inflation persists, government debt levels explode, and the Chinese Communist Party (CCP) roams the planet negotiating deals in other currencies. The economic and political implications of the dollar’s possible loss of its prized status as global reserve currency are hard to overstate, according to...

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Americans’ Retirement Expectations Keep Dropping Over Economic Worries

The outlook of Americans towards their retirement plans has worsened over the past year according to a recent Gallup poll, with concerns about rising prices and recession sapping away optimism. The expectations of non-retired Americans for a comfortable retirement are now at their “most pessimistic” level since 2012, falling by 10 percentage points since 2021, said a May 25 survey...

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AI Frenzy Pulls Wall Street Higher Despite DC Debt Woes

NEW YORK—Wall Street’s building frenzy around artificial intelligence helped yank the stock market higher Thursday, even as worries worsen about political rancor in Washington. The S&P 500 rallied 0.9 percent after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the tech world’s rush into AI. It helped the Nasdaq composite leap 1.7 percent, while the...

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Keynesians Still Rule the Fed

Commentary Ben Bernanke, former head of the Federal Reserve from 2006 to 2014, has co-authored a paper with Olivier Blanchard of the Peterson Institute for International Economics, that seeks to account for inflation rates that have knocked at least 15 cents off the value of the 2020 dollar. Reading the paper for me was a trip back in time when...

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