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Some members of the Federal Reserve are continuing to explore the launch of its own digital dollar, as the Federal Reserve Bank of Boston on Thursday unveiled its first attempt at designing an electronic form of cash.
The national debt quietly pushed past $30 trillion on Jan. 31. But that is only the tip of the debt iceberg. The American taxpayer is on the hook for a lot more than that. In his podcast, Peter Schiff said US government borrowing and spending has tur
Last November, the Federal Reserve System announced tapering (a gradual reduction of the central bank's monthly asset purchases to the point of ending the asset purchase program, which means that the Fed would stop increasing its balance sheet). In
"When they realize they're going to be paid back in monopoly money, they're not going to want to lend."
Host:
Ernest Hancock
Tim Picciott (The Liberty Advisor) gives the Economic Report; Federal Reserve and the coming digital currency - Ernest rant - Dr Michael Cole (Quartzsite, AZ) on the power of the printed word (newspapers), small town activism, etc...
The Fed, Inflation, and Some Unpleasant Math
The Federal Reserve wrapped up its first Federal Open Market Committee meeting of the year this week without any real surprises. Despite everybody screaming about an inflation problem, the Fed will keep its loose, inflationary monetary policy in play
Shortly before the start of yesterday's Fed announcement, Goldman Sachs No. 2 John Waldron, the investment bank's president and a Wall Street insider if there ever was one, apparently decided to vent his frustrations with the Powell Fed in front of a
While traders are mostly focused on what the Fed will say about the coming rate liftoff, with markets today expecting just over 4 rate hikes by the end of 2022...
Let's start with the Fed, and some thoughts that will needle.
The Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what U.S. central bank chief Jerome Powell pledged will be a sustained battle to tame inflation.
On January 2 I stated: "the party is rapidly coming to an end and the Fed will want to curb inflation without causing a recession which will be a real task. How to accomplish it?
Let's start with this: over the course of the past two years alone, the Federal Reserve has printed approximately 80% of the US dollar supply. The money printing machines must be running around the clock.
It appears talk of looser monetary policy has pricked the bubble. Peter Schiff talked about it in a recent podcast.
The US Senate will soon vote on Federal Reserve Chairman Jerome Powell's nomination to a second term. One of the senators opposing Powell is Elizabeth Warren. I don't often agree with Senator Warren, but I do agree with her assessment that Powell
Government spends trillions that it doesn't have. How? Well, The Fed creates trillions of new dollars out-of-thin air! These trillions drive up prices, creating skyrocketing inflation. Oftentimes, government piles on to the troubles by imposing price
"The introduction of a CBDC would represent a highly significant innovation in American money," says The Fed in its much-anticipated report on the possible issuance of a U.S. digital currency.
The Federal Reserve is taking the next step in weighing whether to launch a U.S. digital currency, issuing a report Thursday that explores the potential benefits and drawbacks of such a move without indicating where it will land.
Price controls have been used by totalitarian regimes throughout history. They've never worked. So why are we talking about using them again?
The tightrope is thin, and the consequences of falling off to one side or the other are severe...
One wonders what kind of "technical difficulty" there could be? Haven't they had enough practice at this by now?
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals.
Wall Street has officially jumped the shark: with the economy set to slow this year - even as supply-driven inflation refuses to relent - consensus now expects 3-4 rate hikes this year (with Jamie Dimon predicting as many as "6 or 7") - some are goin
I don't think I can overstate the danger that the U.S. economy is in right now as we enter 2022. While most people are caught up in the ongoing drama of Covid-19, a REAL threat looms over the nation in the form of a stagflationary tidal wave.
December Consumer Price Index data came out on Wednesday (Jan. 12). Month-on-month, it was again even hotter than expected. Peter called it an inflationary freight train that the Fed's "field of dreams" monetary policy will not stop.
US Industrial Production was expected to slow its re-acceleration in December with a 0.2% MoM increase versus November's 0.5% MoM rise, but things were notably worse with Industrial Production contracting by 0.1% MoM.
This is an interview with Andy Schectman, President & Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales.
upside pain anyone…?
Less discuss Ponzi scheme and the biggest one that hardly anyone sees.
Fresh off his appearance at Monday morning's JP Morgan Health Care Conference, JP Morgan CEO Jamie Dimon appeared on CNBC (opposite Bertha Coombs) for an early afternoon interview as the Nasdaq entered correction territory amid a broader market rout.
