Fed Chickens Out: 3 Presidents Dissent As Fed "Decides To Wait For Further Evidence" Of Strengthening Before Hiking
The honest answer is that the US Dollar is just about worthless...causing inflation...The Dollar has lost 97% of it's purchasing power since the Fed was created...END the FED...
How does it make you feel that Millions are on welfare and food stamps and homeless while the lowlife scum politicians get us deeper and deeper in debt...giving money to their friends...
Last week’s announcement of a record-breaking US aid package for Israel underscores how dangerously foolish and out-of-touch is our interventionist foreign policy. Over the next ten years, the US taxpayer will be forced to give Israel some $38 billion dollars in military aid. It is money we cannot afford going to a country that needs no assistance to maintain its status as the most powerful military in the Middle East.
All US foreign aid is immoral and counterproductive. As I have often said, it is money taken from poor people in the US and sent to rich people overseas. That is because US assistance money goes to foreign governments to hand out as they see fit. Often that assistance is stolen outright or it goes to the politically connected in the recipient country.
These testimonies by Syrian soldiers who are fighting the Islamic State rebels (ISIS-Daesh) confirm what we already know.
The United States of America is not fighting the terrorists in Syria.
The Obama administration, with the support of its allies including Turkey and Saudi Arabia, is supporting the Islamic State (ISIS Daesh)
Obama’s counterterrorism campaign in Syria and Iraq is bogus.
The testimonies confirm the unspoken truth:
Long-time Democratic pollster Pat Caddell joined Breitbart News Daily SiriusXM host Alex Marlow on Tuesday to discuss recent polling, as well as news that former President George H.W. Bush may be voting for Democrat Hillary Clinton. “This is a protection racket here, and they have never been under greater threat,” said Caddell, referencing the candidacy of GOP nominee Donald Trump.
“It’s not surprising in a way,” he continued. “We misunderstand that this Trump thing is not so much an ideological contest, even a partisan contest. It’s really an insurgency against the political class by the people. That’s why both Bernie Sanders and Trump did so well” in their respective primaries.
Breaking news: Major climate science error exposed!
At the recent high-level climate change conference in London, a fundamental error in climate science was revealed for the first time.
The much-vaunted “climate consensus” turns out to have been wrong all along.
At the London conference, 80 Professors, 60 Doctors of Science and 40 other experts, including Piers Corbyn, brother of Britain’s opposition leader, who has a first-class degree in Astrophysics, were shocked to learn that the error, first introduced a generation ago when climate scientists borrowed feedback math from electronic network analysis without really understanding it, is the reason for their exaggerated predictions of how much global warming Man may cause.
Harvard professor and economist Ken Rogoff is once again leading the chorus of high-level academics and officials who declare cash is only for criminals. He made his case in a recent Wall Street Journal editorial called the “Sinister Side of Cash.” The solution, he declares, is to simply get rid of anything but the smallest bank notes.
In his vision, drug dealers, human traffickers, and tax cheats are everywhere, but they are reliant on cash. Our benevolent central planners can largely incapacitate them by ridding society of anything larger than a $10 bill.
“It’s a very dangerous time” to be an investor.
You might think is a quote from Casey Research founder Doug Casey. But Paul Singer actually said this last week at the Delivering Alpha conference in New York City.
Delivering Alpha is one of the most anticipated investing conferences of the year. Investors from around the world attend it to hear from the “who’s who” in the investing world.
This year, many of the world’s top investors agreed on one thing: the markets are very dangerous.
Am I allowed to start with Deutsche Bank? Or do I have to defer to the Bank of Japan’s Keystone Kops; who once again laid a giant goose egg? Who, beyond a shadow of a doubt, proved they have not a clue what they are doing – in dramatically accelerating the pace at which the “Land of the Setting Sun” plunges to “second world” status, en route to becoming the first “Western Power” to experience 21st Century hyperinflation.
Hmmm, what to do? As sadly, I could easily write entire articles on countless other topics as well – such as the Bank of International Settlements issuing a dire warning about the massively over leveraged Chinese banking sector; Donald Trump’s surging popularity; Wells Fargo’s “crime of a lifetime”; the exploding worldwide pension crisis; OPEC’s Secretary General all but confirming “no deal” at next week’s “all-important” crude oil producers meeting; and the U.S. national debt – and budget deficit – expanding at the fastest rate since the 2008-09 financial crisis. And the answer is, I’m starting with Deutsche Bank – as unquestionably, it poses the greatest near-term risk to global political, economic, social, and monetary stability.
No way to know for sure when the Bundesbank, Fed and ECB lose control of Deutsche Bank’s balance sheet. But its stock price just hit an all-time low since its NYSE-listing in October 2001.
Anyone who owns the Deutsche Bank “Tier 1” bonds should sell them now. They are currently yielding about 8%, which puts on the same “tier” as U.S. triple-C (CCC/Caa) rated credits.