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In Unprecedented, Shocking Proposal, BOE's Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency
"I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody." James Carville
While President Trump continues to tout the strength of the US economy - and take credit for it, he is no doubt keenly aware that a recession before the 2020 election would put a dent in his chances for reelection.
You would never know that the GOP won the last presidential election based on what emanates from the vocal chords of the Trumpian inner circle and the keyboard of its top banana. This stuff is just plain politicized economics, statist pretense and Ke
The main problem with the US economy is that globalism has been deconstructing it.
The numbers are telling us that we have never been closer to the next recession than we are right now.
One week ago, when we discussed that as a result of the accelerated rebuild of cash by the US Treasury, first Bank of America, then JPMorgan suggested that the Fed may be forced to restart QE soon as a result of the upcoming sharp drop in liquidity,
The plunder is getting worse
Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. "Economy" (Main Street) and the U.S. "Markets" (Wall Street). Charles Payne understands most of this, but El-Eria
All of a sudden, it seems like the mainstream media just can't stop talking about "the coming recession".
It's imperative that readers get reacquainted with the politics and economics of that terrible episode in American history.
Negative yields? Who cares says Greenspan. It's meaningless.
... 30Y Yield Drops To All Time Low. While many have noted the inversion of the 3m-10Y segment of the US Treasury curve, mainstream investors appear more focused on the spread between 2Y and 10Y yields... and that has just inverted for the first time
Host:
Ernest Hancock
Todd Morse (THISTLE T-Shirt Company) on spreading liberty and fighting tyranny one t-shirt at a time - Mike Paster (Libertarian/Anarchist Activist from San Diego) on activism, Jackalpe Festival, etc...Tim Picciott (Crypto Self Direct) Fun@4hr4m
This wasn't supposed to happen. During the relative economic stability of the past few years, the middle class was supposed to experience a resurgence, but instead it has just continued to be hollowed out.
According to Bloomberg, product manufacturers are boosting prices across the board, which means that "something has to give", both for Walmart and for the consumer...Meanwhile, average prices for consumer goods were up 2.3% in the first six months of
The Federal Reserve, responding to concerns about the economy and the stock market, and perhaps to criticisms by President Trump, recently changed course on interest rates by cutting its "benchmark" rate from 2.25 percent to two percent.
Make no mistake, when the dollar crashes and it will, gold is going to see record highs like we've never seen before! Some of the most wealthy people in the world are currently buying up as much gold, silver and other precious metals as they can as
'Central Planning' loses before it even begins. In America, central planning of the economy was cemented into place when the U.S. Congress established the monopolist Federal Reserve in 1913. The seeds were planted then, and they have been bearing rot
The Fed desperately needs to keep credit expanding or the economy will collapse. However, it's an unsustainable scheme.
Host:
Ernest Hancock
John Sneisen (Founder: The Economic Truth; Author) comes on economic issues/the fed, etc... - Ford Fischer (independent videographer, editor, and computer scientist & web designer) on censorship, alt media - Aaron Hamlin (Exec Dir of The Center for E
Investors again rushed for the safety of government bonds and dumped stocks on Wednesday, exacerbating the August exodus away from risk assets as traders around the world settled in for a U.S.-China trade war without an end in sight.
Youtuber Jeremiah Babe tells it like it is, and doesn't mince his words. The middle class is getting eviscerated and it'll be so much worse once the economy comes crashing down again.
Blain's Morning Porridge, submitted
$1,400,000,000,000 Gone In Less Than A Week – Stock Market In Turmoil As The Trade War Dramatically Escalates
"In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initi
"In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios:
Extreme spending ... extreme debt ... extreme welfare ... extreme militarism ... extreme Socialists ... extreme Cronyism ... All at same time! The biggest bubble to ever exist is heading for disaster.
While the headline payrolls number was solid and just as expected, if a more detailed read showed some red flags (downward revisions, rising wages only due to less hours worked),
Yesterday's Fed rate cut was much too little for President Trump, but moving toward zero or negative rates only hastens the coming economic collapse.
