Federal Reserve Chairman Jerome Powell believes that there is no need for cryptocurrencies if there is a digital dollar. "I think that's one of the stronger arguments in its favor," he said.
Two weeks ago, in the aftermath of the Fed's surprise hawkish FOMC announcement which also hiked the administered rates on the Fed's overnight repo...
If Americans only understood the corruption surrounding money, and the enormous greed in the financial sector of the American economy, they would understand how money is being stolen from them and other Americans not just by sleight of hand, but also
The S&P 500 closed last week at an all-time record high. This is quite a reversal from the previous week. In his podcast, Peter Schiff said there has been a shift in expectations.
There's not much we can add here: after all we have beaten to death the topic of the Fed's soaring reverse repo facility...
If inflation persists, the Fed may have to increase rather than decrease QE
They Are Gaslighting Us! Nightmarish Inflation Is Already Here But The Fed Is Denying That It Even Exists
"...interesting in that the Democrats are the ones that are trying to play down the inflation fears. They're the ones that are trying to agree with Powell and reiterate the fact that everything is transitory..."
Here we go again! Talk of the so-called "debt ceiling" is back.
"So the question is when does it end? The Fed has to raise interest rates for asset deflation to start."
"...they have no idea what's going to happen in the present, let alone several years into the future..."
Powell Just Launched $2 Trillion In "Heat-Seeking Missiles": Zoltan Explains How The Fed Started The Next Repo Crisis
What if everyone in the market realizes it's now the moment to front-run the crash?
"What the hell?!" President Joe Biden, June 16, 2021 Out of Control
BlackRock has over $9 trillion in assets under management, and says its clients will double their ESG (Environmental, Social, and Corporate Governance) "impact investments" in just five years.
Last week, the Federal Reserve announced it will maintain an interest rate target of zero to 0.25 percent for the rest of 2021. The Fed said it will also continue its monthly purchase of 120 billion dollars of Treasury and mortgage-backed securities.
"What the hell?!" President Joe Biden, June 16, 2021
The rise of private cryptocurrencies motivated the Fed to start considering a digital dollar to be used alongside the traditional paper currency.
How can a government, that's $28 trillion in debt, spend trillions of dollars that it does not have?
While it received far less attention that the Fed's dot plot, the only thing that the Fed actually did change yesterday were its administered rates, as it raised the rate on its overnight Reverse Repo facility from 0% to 0.05% and the rate on excess
One day after the shockingly hawkish Fed admitted that inflation is not, in fact, transitory as so many clueless propaganda hacks would want everyone to believe...
And why should anyone believe the Fed? Inflation has been soaring, yet the Fed has been completely dismissive of it, claiming that inflation is 'transitory', i.e. it's a temporary phenomenon that will eventually stop.
Dear Mr. Powell, Fed is holding rates at zero and buying $120 billion in bonds every month in the face of 17.4% export price inflation...
"The Fed Has Lost Control" - Peter Schiff Warns Tucker Carlson About Skyrocketing Prices & The Inflation Tax
Presenting the boldest FOMC preview from repo guru Scott Skyrm of Curvature Securities
"...the last thing it can do is tell the truth because it knows, like Jack Nicholson knew, we can't handle the truth. So, they spoon-feed us a lie..."
Feeding fairy tales to American citizens is the modus operandi of Washington D.C. The latest on the economic front is a real doozy. When the (unconstitutional) Fed counterfeits dollars, it ultimately results in a rise in prices for goods and services
The Fed's destructive money-pumping has many victims, but chief among these is the Wall Street financial narrative itself.
"I don't think there's been any greater engine of inequality than the Federal Reserve Bank of the United States the last 11 years..."
We Still Have Absolute Trust In The Fed