I was sitting in the exam room and the doctor walked in. Knowing I write this blog, he said, “Finally someone I can talk to. What the heck is going on?” With our current economic situation, the market tanking and the Coronavirus monopolizing the amped up media, a lot of concerned subscribers are asking that question. When you combine financial […]
» Read moreFed Chairman Jerome Powell’s Strategic Plan 2020-23 tells us: “The Federal Reserve Board’s highest priority is to promote a strong economy for the American people by fostering the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems. “The most terrifying words in the English language are: I’m from the government and I’m here to help.” – Ronald […]
» Read moreWhat is the Federal Reserve up to? Do they see a huge storm on their radar they are not telling us about? The banking/investment world has changed radically since the repeal of the Glass-Steagall Act allowing banks to merge with Wall Street investment firms. I recently asked, “Will The Next Bank Bailout Bankrupt America?” and followed it with “The New […]
» Read moreWikipedia tells us, “In the first Godfather movie, the ‘meeting of the Dons’ scene uses the Federal Reserve building exterior.” How appropriate! This Burning Platform “Quotes of the Day” grabbed me: “When we talk about company culture in the context of financial services, the first thing that comes to mind is the risky, unethical, and sometimes criminal behavior in the […]
» Read morePundit Bill Bonner predicts: “Most likely, the stock market will crash sometime before the 2020 election. We can’t know when. …. The end of the stock market boom, too, is unpredictable. But each passing day brings us a day closer to when it will crash and burn.” Bonner’s prediction is in line with our 2017 article, “An Economic Showdown Is […]
» Read moreThe Government surprised the world in 2008 when the Fed bailed out the banks at the expense of seniors and savers. The Fed dropped interest rates to historic lows while buying U.S. treasuries and bad loans through their Quantitative Easing (QE) program. Seniors and savers lost over $4 trillion in interest income they would have normally received. The stock market […]
» Read moreMike Maloney’s video, “If You Don’t Think QE4 & QE5 Are Coming, You’re Smoking Something”, raised a red flag. The Fed did not raise rates and didn’t rule out more Quantitative Easing (QE) in the future. Mike fears QE may include bailing out companies that can’t pay their debts. QE was different Unlike historical fed interest rate adjustments, the Troubled […]
» Read moreCan the Fed cause a market crash? In 2017 Fed Chair Janet Yellen reassured us: “Would I say there will never, ever be another financial crisis? …. That would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will be. …. The […]
» Read moreChuck Butler’s recent Dow Theory Letter article (behind paywall), “Central Bank Frustrations” was an eye-opener. Chuck removes any illusions about “trusting” central bankers. He quotes former Fed Chairman Ben Bernanke: “Given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will […]
» Read more“Oh my gosh”, my wife Jo exclaimed. “He’s walking right toward us!” He smiled, extended his hand and said, “Hi, I’m Ron Paul.” I smiled, shook his hand, and introduced myself and my wife. I was the oddball when I wrote for Casey Research. I was surrounded by legendary newsletter pundits and heavy-duty researchers. I was a 73-year-old retiree, writing […]
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