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The Fed’s Dilemma Is Our Problem!
The Fed’s Dilemma Is Our Problem!
Pundit 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 Looming”. I suggested the Fed, part of the deep state, was setting up President Trump to be another Herbert Hoover. The deep state wants the market to crash so they can crush capitalism and further consolidate federal government control.
Fed Chair Yellen announced the Fed would begin raising rates in 2015. After one early increase and she held off until after the election. Despite Ms. Yellen’s vehement objections to the politics of holding off on rate increases before the election, it sure looked political.
CNN Money reports:
“Federal Reserve Chair Janet Yellen gave the U.S. economy a nearly clean bill of health, two days before Donald Trump arrives at the White House.(Emphasis mine)
“Now, it’s fair to say, the economy is near maximum employment and inflation is moving toward our goal.”
CNBC quoted Ms. Yellen:
“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.”
In 2018, the Atlantic Article, “The Federal Reserve Chair Is Ignoring President Trump”, Fed chairman Powell reassured us:
“Not every business cycle is going to last forever, but no reason to believe this cycle can’t go on for quite some time, effectively indefinitely.”
The underlying Fed message – Bush broke it, Obama fixed it, and now Trump is responsible.
…click on the above link to read the rest of the article…
MSM Co-conspirators with Deep State Treason – James Howard Kunstler
MSM Co-conspirators with Deep State Treason – James Howard Kunstler
Renowned author and journalist James Howard Kunstler thinks what has been happening for the last few years with the mainstream media’s coverage of President Trump borders on criminal activity. Kunstler explains, “What I am waiting for is if and when indictments come down from Mr. Barr and Mr. Durham. I am wondering whether the editors and publishers of the Washington Post and New York Times and the producers at CNN and MSNBC are going to be named as unindicted co-conspirators in this effort to gaslight the country and really stage a coup to remove the President and to nullify the 2016 election. I say this as someone who is not necessarily a Trump supporter. I didn’t vote for the guy. I am not a cheerleader for the guy, but basically, I think the behavior of his antagonists has been much worse and much more dangerous for the nation and the American project as a long term matter. I really need to see some action to hold people responsible for the acts they have committed. . . . I am not an attorney, and I have never worked for the Department of Justice, but it seems to me that by naming the publishers and editors of these companies as unindicted co-conspirators, that allows you to avoid the appearance of trying to shut down the press because you are not going to put them in jail, but you are going to put them in disrepute. That may prompt their boards of directors to fire a few people and maybe change the way they do business at these places.”
Kunstler says things look unlike anything we have seen in the past because we are approaching a day of reckoning in our debt based monetary system.
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Trump Wants Deal With Exxon or Other Company to Take Syrian Oil
Trump Wants Deal With Exxon or Other Company to Take Syrian Oil
‘We should be able to take some’
Having sent growing numbers of troops into eastern Syria explicitly to control the oil, President Trump now says he is seeking a deal with Exxon Mobil or “one of our great companies” to go into occupied Syria and take the oil.
Trump has long suggested that in his view, the US should be able to just take oil from countries it is involved in militarily, as a way to recover some of the costs of his various wars. Trump said on Sunday that the oil is valuable and “we should be able to take some also.”
That Trump is sold on this idea is one thing, but convincing a US Oil and Gas Major to go along with the operation is another thing. The legal basis, particularly internationally, of taking Syrian oil without Syrian permission, and keeping US military forces there to keep Syria from stopping them, is going to be complicated, to say the least.
Trump’s conviction that legally it’s probably fine, after all, doesn’t mean the US company, whichever it turns out to be, wouldn’t get sued in the US or internationally for looting Syria’s oil.
These huge multinational companies are notoriously risk-averse about conflict, and would likely be so about joining the president in an oil-taking scheme of this sort. That means while Trump continues to war to keep the oil, he’s going to face a big job selling the idea to any company.
Imperial Capital but America-First Nation
Imperial Capital but America-First Nation
Is America still the world’s last superpower with global policing obligations? Or should we shuck off this imperial role and make America, again, in Jeane Kirkpatrick’s phrase, “a normal country in a normal time”?
“Let someone else fight over this long blood-stained sand,” said President Donald Trump in an impassioned defense of his decision to cut ties to the Syrian Kurds, withdraw and end these “endless wars.”
Are our troops in Syria, then, on their way home? Well, not exactly.
Those leaving northern Syria went into Iraq. Other U.S. soldiers will stay in Syria to guard oil wells that we and the Kurds captured in the war with ISIS. Another 150 U.S. troops will remain in al-Tanf to guard Syria’s border with Iraq, at the request of Jordan and Israel.
And 2,000 more U.S. troops are being sent to Saudi Arabia to help defend the kingdom from Iran, which raises a question: Are we coming or going?
In his conflicting statements and actions, Trump seemingly seeks to mollify both sides of our national quarrel:
Is America still the world’s last superpower with global policing obligations? Or should we shuck off this imperial role and make America, again, in Jeane Kirkpatrick’s phrase, “a normal country in a normal time”?
In Middle America, anti-interventionism has carried the day. As Trump says, no declaration at his rallies is more wildly welcomed than his pledge to end our Middle East wars and bring the troops home.
But in this imperial capital, the voice of the interventionist yet prevails. The media, the foreign policy elite, the think tanks, the ethnic lobbies, the Pentagon, the State Department, Capitol Hill, are almost all interventionist, opposed to Trump’s abandonment of the Kurds. Rand Paul may echo Middle America, but Lindsey Graham speaks for the Republican establishment.
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“We Want To Keep The Oil”
“We Want To Keep The Oil”
“Well you may throw your rock and hide your hand,
workin’ in the dark against your fellow man.
But as sure as God made black and white
what’s down in the dark will be brought to the light.”
~ Johnny Cash/traditional, ‘God’s Gonna Cut You Down’
The Grayzone has an excellent new article out titled “US troops are staying in Syria to ‘keep the oil’ – and have already killed hundreds over it” detailing the many ways the Trump administration has openly admitted that it is keeping US troops in Syria to control the nation’s oil fields so that the Syrian government can’t use it to fund reconstruction efforts.
“We’ve secured the oil, and therefore a small number of US troops will remain in the area where they have the oil,” Trump said in a recent press conference. “And we’re going to be protecting it. And we’ll be deciding what we’re going to do with it in the future.”
“We want to keep the oil,” Trump said in a cabinet meeting a few days earlier. “Maybe we’ll have one of our big oil companies to go in and do it properly.”
“A purpose of those [US] forces, working with the SDF, is to deny access to those oil fields by ISIS and others who may benefit from revenues that could be earned,” said Defense Secretary Mark Esper. As Grayzone‘s Ben Norton accurately explains, “and others” necessarily means the Syrian government; preventing Assad from accessing Syrian oil is standing US military policy.
…click on the above link to read the rest of the article…
Everyone Is a Russian Asset
Everyone Is a Russian Asset
America laughed at Hillary Clinton’s remarks about Tulsi Gabbard, but her ideas fit perfectly in the intellectual mainstream
Hillary Clinton, not long ago the nominee of the Democratic Party, had some choice words about the state of American politics Friday.
“I’m not making any predictions, but I think they’ve got their eye on somebody who is currently in the Democratic primary and are grooming her to be the third-party candidate,” Clinton said on a podcast with former Barack Obama aide David Plouffe. “She’s the favorite of the Russians.”
Clinton appeared to be talking about Hawaii congresswoman Tulsi Gabbard, a combat veteran. She wasn’t done, teeing off on former Green Party candidate Jill Stein:
“[Jill Stein’s] also a Russian asset… Yeah, she’s a Russian asset — I mean, totally. They know they can’t win without a third-party candidate.”
She went on to talk about Donald Trump:
“I don’t know what Putin has on him, whether it’s both personal and financial … I assume it is.”
Hillary Clinton is nuts. She’s also not far from the Democratic Party mainstream, which has been pushing the same line for years.
Less than a week before Clinton’s outburst, the New York Times — once a symbol of stodgy, hyper-cautious reporting — ran a feature called, “What, Exactly, is Tulsi Gabbard Up To?” The piece speculated about the “suspicious activity” surrounding Gabbard’s campaign, using quotes from the neoconservative think-tank, the Alliance For Securing Democracy, to speculate about Gabbard’s Russian support.
This was the second such article the Times had written. An August piece, “Tulsi Gabbard thinks we’re doomed,“ hit nearly all the same talking points, quoting Clint Watts, an ex-spook from the same think-tank, calling Gabbard “the Kremlin’s preferred Democrat” and a “useful agent of influence.” The Times article echoed earlier pieces by the Daily Beast and NBC.com that said many of the same things.
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Betrayal and Deception: Syria Is a Prime Example of US Foreign Policy
Betrayal and Deception: Syria Is a Prime Example of US Foreign Policy
Trump announced the withdrawal of US troops who had been protecting the SDF (Syrian democratic forces) in the northeast of Syria, prompting Kurdish leadership and the Damascus governed to strike a deal allowing Syrian Arab Army to retake control of the border with Turkey after nearly six years.
With the US troops withdrawn numbering around 150 to 200 (out of the 2,000 to 3,000 illegally squatting in Syria), it is understood that Trump’s decision is for reasons other than those stated.
The primary impression Trump wishes to convey to his voters is that of keeping his electoral promises, including that of defeating ISIS in Syria, meaning that US troops can now come back home.
Although it is clear (at least to those not under the sway of the mainstream media) that ISIS has not been completely defeated and that the US never really fought against the Caliphate, the impression is nevertheless conveyed that the “Winner-in-Chief” has triumphed and is bringing home the boys.
Given that the deep state retains ultimate control of US foreign policy, Trump is allowed to do and say what he wants – provided it is only within the confines of his media playpen, safe in the knowledge that his motivations are purely electoral and not really aimed and upending the foreign-policy consensus of the US establishment.
If we look beyond Trump’s histrionics, we can see that the US deep state continues its illegal stay in Syria, with Trump in reality having no intention of opposing the military-industrial complex (indeed often appointing its members to serve in his administration), with these two parties finding a common point of agreement in the alleged threat posed by Iran.
US troops will only shift near Iraq, looking at disrupting any form of cooperation between Baghdad, Damascus and Tehran.
…click on the above link to read the rest of the article…
After Trump War Only One Party Will Be Standing – Kevin Shipp
After Trump War Only One Party Will Be Standing – Kevin Shipp
Former CIA Officer and whistleblower Kevin Shipp says the political war over removing President Trump from office is heating up, and when it’s over, things will never be the same. Shipp explains, “We are already seeing a brewing civil war in the civilian population in the United States. There is a war in Washington D.C. between (Congressman) Schiff and the others that are trying to eliminate the people’s choice for President by American voters. That’s what is going on. . . . You can see the violence on the streets, and it’s getting worse and worse against Trump supporters. This is going to escalate almost monthly, in my view, as we see more violence and more splits in Washington D.C. It is so seminal all the way down to the corruption we are talking about, there has got to be only one party left standing. That is either the Trump Administration or the DNC and some of the globalists that want Trump out of there. Obviously, if the progressive Marxists win, they will want to change our Constitution. Only one of them is going to win and be left standing. That’s how deep, dark and powerful it is. How many senior level officials are involved? Only one party is going to be left standing, and it’s going to get nastier and uglier by the month.”
Some say that there have been no arrests or prosecutions, and patriots are getting frustrated with what seems to be inaction. Shipp says there may be a good reason for the Trump Administration to go slowly in dismantling the Deep State globalists in the government that are trying to kick Trump out of office.
…click on the above link to read the rest of the article…
Peter Schiff: Trump and the Fed Are Reading Off the Same Script
Peter Schiff: Trump and the Fed Are Reading Off the Same Script
Stocks took off on Friday on several big news items – most significantly President Trump’s announcement that the US and China have worked out phase one of a trade deal. In his podcast, Peter broke down the news. He also made an interesting observation: Trump and the Federal Reserve seem to be reading off the same script.
The consumer sentiment number for September came out Friday higher than expected. As Peter noted, this index is regarded as very important.
It measures whether or not the consumer is confident enough to go deeper into debt and keep buying stuff that he can’t afford. And assuming the consumer is so confident then everything is great because the spending continues and the GDP continues. But of course, if you look back historically, the consumer is never smart enough to be pessimistic when he should. He’s always very optimistic just before a major economic decline.”
Also on Friday, the Federal Reserve Bank of New York came out with its non-quantitative easing quantitative easing plan. The bank said it would buy $60 billion in short-term Treasuries each month.
Of course, don’t confuse this with quantitative easing when the Fed was buying $85 billion a month of Treasuries, because this is no way quantitative easing except, of course, that’s exactly what it is.”
The Fed also reiterated that it plans to use all of the interest it earns off its portfolio to buy more Treasuries. And as the bonds mature, it will take that money and buy more Treasuries, thus pumping up the balance sheet. Peter says this proves that Ben Bernanke was either lying or incompetent when he told Congress back in 2009 that the central bank was not monetizing the debt.
…click on the above link to read the rest of the article…
In Memoriam: Reality
In Memoriam: Reality
The Golden Golem of Greatness shifted into mad bull overdrive for last night’s Minneapolis fan rally, cussing and bellowing at the picadors of the Left who have been sticking lances in his neck for three years. Decorum is not Mr. Trump’s strong suit, but then the bull is not sent into the ring to negotiate politely for his life. The narrative of the bullring is certain death. The bull must do what he can within his nature to dispute it.
It’s in Mr. Trump’s nature to act the part of a reality TV star, and, of course, it is the nature of reality TV shows to be unreal. That is perhaps the ruling paradox of life in the USA these days. Saturated in unreality, the spectators (also called “voters”) flounder through a relentless barrage of narratives aimed at confounding them, with the unreal expectation that they can make sense of unreal things. In a place like Minneapolis of an October evening, you can go see the Joker movie or take in the President’s rally — and come away with the same sense of hyper-unreality. We’re no longer the nation we pretend to be and we don’t know it. Jokers are wild and the joke’s on us.
So it goes in these dangerous autumn days of The Fourth Turning. Something’s got to give, and all indications are it will happen where few are looking at the moment: the sideshow of money and banking. When things start slip-sliding away over in that alternative universe, Mr. Trump will be propelled into the role he was cast for in 2016: bag-holder for economic collapse.
…click on the above link to read the rest of the article…
Trump Cannot Be Anti-Globalist While Working With Global Elites
Trump Cannot Be Anti-Globalist While Working With Global Elites
In the summer of 2016 during the election campaign I examined the Trump phenomenon and how it relates to the globalist narrative. I concluded that Trump would be president based on the fact that having a (supposedly) hardcore nationalist and populist conservative in the White House over the next four years would in fact be highly beneficial to the elites. At the time the Federal Reserve was getting ready to tighten liquidity, which would inevitably lead to market volatility and a crash in fundamentals. By the end of Trump’s first term, or perhaps at the beginning of his second term, the recessionary crisis would become obvious to the general public. Trump, and all conservatives, would be blamed for the resulting disaster that the banking elites engineered.
During the election it was unclear to me if Donald Trump was a puppet of the elites. He could have simply been a convenient scapegoat for the coming crash. Today, it is obvious that he is indeed controlled opposition.
As I’ve noted in numerous articles, Trump’s associations with the globalists go way back. He was saved by the Rothschild banking family from crippling debts in multiple property developments in Atlantic City during the 1990’s. The Rothschild agent that handled Trump’s bailout was none other than Wilber Ross, the senior managing director of Rothschild New York. Ross is now Trump’s Commerce Secretary, which indicates that his relationship to the Rothschilds continues to this day.
In 2016 Trump offered positions in the White House to a vast array of global elitists, some of them from the Council on Foreign Relations, a think tank whose stated goals include the erasure of borders and the end of national sovereignty. These members include:
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Peter Schiff: Negative Interest Rates Are Boneheaded
Peter Schiff: Negative Interest Rates Are Boneheaded
Donald Trump has been badgering Federal Reserve Chairman Jerome Powell for months, begging for lower interest rates. Yesterday, he took things to another level, saying that the “boneheads” at the Fed need to push rates into negative territory.
In his podcast, Peter Schiff said negative interest rates are boneheaded.
Trump used a pair of tweets to push for negative interest rates.
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet………The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of ‘Boneheads.’
Peter said he can’t think a more boneheaded thing to do than to push interest rates negative.
Trump is basically saying negative rates would allow the federal government to refinance its debt. It could roll over short-term debt into longer termed bonds and lock up the low rates. But as Peter pointed out, interest rates are already near historic lows.
If President Trump actually cared about refinancing the national debt and lengthening the maturity of the debt – the duration – and locking in these low interest rates, lock them in! They’re already super low.”
Peter said if the Fed did cut rates to zero or lower, he thinks yields on long-term bonds would actually start to go up because the market would begin factoring in higher inflation.
…click on the above link to read the rest of the article…
Trump Praises ECB For “Depreciating The Euro”, Slams The Fed For Doing Nothing
Trump Praises ECB For “Depreciating The Euro”, Slams The Fed For Doing Nothing
When discussing the barrage of easing unleashed by the ECB moments ago, we said that as “we prepare for the ECB press conference in 30 minutes, that will be nothing compared to the angry twitter tirade we expect by president Trump who will demand that Powell immediately match everything that Powell has done.“
And sure enough, just about half an hour after the ECB announcement, Trump praised the European Central Bank, for “acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports….” And, as expected, the president lashed out at the Fed again, saying that “the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!”
European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports…. And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!
FIAT CURRENCY ENDGAME: You Will Not Like This ONE BIT!
FIAT CURRENCY ENDGAME: You Will Not Like This ONE BIT!
No One Comes Back From This Uninjured. In one word, the devaluation is set to ESCALATE.
In fact, I term it Competitive Devaluation. There are several countries that will be the pioneers of it, but it will eventually reach the United States of America. In Europe and in Japan, we are closer to seeing it happening; in the next 2-5 years, you’ll hear about governments’ first official plans to do this.
They will NOT alert the media to notify the public to own gold and silver. They haven’t thus far (and they won’t going forward, either), and meanwhile they’ve been accumulating them at the fastest pace in more than half a century.
The central banks want to buy gold, uninterrupted. Since they do not buy silver, the mania that will ensue in that niche market will be huge.
Not just gold and silver stand to gain from devaluation; companies that are able to increase prices and not lose consumers will be great winners as well. These are the world-dominators with pricing power, and I will profile my top-5 holdings for the Endgame Decade (2020-2029) in a Special Report due to be published by September 30th.
Real estate prices in metropolitan areas will also continue to rise; these are hard assets that are difficult to increase in supply, but my analysis is that of the three – world-class companies, precious metals, and real estate, silver will be the BEST PERFORMER.
Central banks are not able to inflate the real debt levels away. The most extreme case of this is Japan, whose central bank has done ALMOST everything under the sun to relieve the country of its deflationary spiral and has failed miserably.
…click on the above link to read the rest of the article…
Trump Says Fed Should Cut Rates “To ZERO Or Less”, So US Can Refinance Debt And Lenghten Maturities
Trump Says Fed Should Cut Rates “To ZERO Or Less”, So US Can Refinance Debt And Lenghten Maturities
Volfefe begins early today.
One day before the ECB is expected to cut rates further into negative territory and restart sovereign debt QE, moments ago president Trump resumed his feud with the Fed piling more pressure on Powell to cut rates “to ZERO or less” because the US apparently has “no inflation”, while also crashing the conversation over whether the US should issue ultra-long maturity debt (50, 100 years), saying the US “should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term.”
At least we now know who is urging Mnuchin to launch 50 and 100 year Treasuries. What we don’t know is just what school of monetary thought Trump belongs to – aside from Erdoganism of course – because while on one hand Trump claims that “we have the great currency, power, and balance sheet” on the other the US president also claims that “the USA should always be paying the lowest rate.” In a normal world, the strongest economy tends to pay the highest interest rate, but in this upside down world, who knows anymore, so maybe the Fed has just itself to blame.
Trump’s conclusion: “It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads.”
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet…..
…click on the above link to read the rest of the article…
