Zerohedge blares, Endgame: Interest On US Debt Surpasses $1 Trillion For First Time Ever: “In a year when the monthly budget deficit was meandering along in the merry Chernobyl way,…someone in the Biden admin had the brilliant idea to spend a metric ass ton of money to reboot the economy so we don’t get a recession just in time for […]
» Read moreThe Federal Reserve soap opera began over a century ago. The never-ending melodrama is fraught with twists and turns, good times and heartbreak and most of all – lies! One constant character, the Fed Chair, plays the role of a carnival barker, hawking the illusion of diligently guiding our country’s banking system through turbulent times – while deceiving the country […]
» Read moreThe Government and Fed must preserve their power and benefits for the rulers. When there is a perceived crisis (real or imaginary), they immediately swoop in like Mighty Mouse to save the day, instituting (emergency) policies. They don’t want unhappy citizens storming the palace. They might save today, but they have no regard for tomorrow, leaving the adverse consequences for […]
» Read moreMy July 4th inbox contained a copy of the Declaration Of Independence. I read it twice. It’s an expertly written divorce decree between the US and the British Empire. It outlines legitimate grievances and attempts to be heard; all ignored by the king. To paraphrase, it says, “Can’t say we didn’t warn you…enough is enough” – declaring the separation, walking […]
» Read moreMSN reports: “Federal Reserve Bank of New York President John Williams said he expects inflation to continue falling in the second half of this year. …. Williams sees inflation…falling to about 2.5% by the end of this year before moving closer to 2% next year.” He indicated things should return to “normal” by the end of 2025. “Williams also weighed […]
» Read moreOur card-playing friends continually complain about “never-ending, sky-high grocery prices.” When asked, I try to explain inflation in four plays or less…. I can’t do it. The government’s inflation data and rhetoric are complete BS – fostering the belief inflation is caused by one political party, and can be cured in the next election. If only it were so easy! […]
» Read moreHow many of you used to play the game, “What did he say? – What did he mean? The implication is, if you take the words literally, you miss the message big time. The classic example was a young man pursuing romantic interest in a cute young girl who says, “I like you as a friend.” While it appears to […]
» Read moreFed Chairman Powell is caught in a trap; high inflation, interest on the national debt, a stock market bubble about to burst, while “too big to fail” banks are ready to tumble. Powell is desperately trying to manipulate interest rates to keep everything from falling apart. Powell said Congress needs, “an adult conversation among elected officials about getting the federal […]
» Read moreFed Chairman Powell has the impossible task of guiding the economy to a “soft landing” – balancing the need to tame out-of-control inflation while preventing a major market crash and recession/depression. Here’s what is bearing down on America. The Fed bailed out the banks; $9 trillion+ in phony money. Government debt skyrocketed over $34 trillion and climbing. Soon the interest […]
» Read moreUS debt is out of control; inflation is still rising. Fed Chairman Jerome Powell is tasked with fixing a historic mess. The star is unreachable…. The Glass Steagall Act was passed in 1933. Until its repeal under the Clinton administration in 1999, the Federal Reserve had no “emergency” banking system bailouts. Less than a decade later things blew up, and […]
» Read more