Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump. Politicians tend to get the credit or the blame for how the economy is performing, but in reality it is an unelected, unaccountable panel of central bankers that is running the show, and until something is done about the Fed our long-term economic problems will never be fixed. For an extended analysis of this point, please see this article. In this piece, I am going to explain why the Federal Reserve is currently setting the stage for a recession, a new housing crisis and a stock market crash, and if those things happen unfortunately it will be Donald Trump that will primarily get the blame.
"Wrong Way Gartman"...
Monsanto Colluded With EPA, Was Unable To Prove Roundup Does Not Cause Cancer, Unsealed Court Docs Reveal
Just when you think the Marxist Left could not out-Marxist itself, it happens – this time in Hawaii.
As a way to battle its growing homeless problem, lawmakers in the state are actually considering legislation that would give doctors authority to – now get this – prescribe homes to those who need one, as part of their “treatment.”
As reported by The Guardian – content that, by the way, was sponsored by the Bill and Melinda Gates Foundation’s series on “homelessness in America” – the legislation is the brainchild of an E.R. physician-turned-legislator, state Sen. Josh Green, a Democrat, who says the cost of treating homeless patients and then returning them to the street where they are bound to get sick again would be more than offset by providing them with housing instead.
Trump’s travel ban applies to non-US citizens, primarily to refugees from the Bush/Obama bombings of numerous Muslim countries. Some of these refugees, whose families and countries were destroyed by American troops, could harbor feelings of revenge against Americans. The Ninth Circuit Panel’s injunction against Trump’s executive order gives the Constitution’s protection of US citizens to non-citizens, apparently on the basis of due process and religious discrimination arguments. The panel of judges said that Trump’s executive order “runs contrary to the fundamental structure of our constitutional democracy.”
“Many fear the Fed is behind the curve. The market is even further behind: This is clearly a dangerous situation.”
US government debt took another beating today. As prices fell, yields rose to new multi-year highs. The 10-year Treasury yield rose 5 points to 2.625%, the highest since September 2014, when it just briefly kissed that level. At this pace, the yield will soon double from the record low of 1.36% in July last year.
This chart shows the progression of the 10-year Treasury yield since late August (chart via StockCharts.com):
from Harvey Organ:
ERDOGAN CALLS OFF DEAL WITH EUROPE AND NOW THREATENS TO RELEASE MILLIONS OF MIGRANTS ONTO GREECE AND THEN ONTO OTHER EUROPEAN DESTINATIONS: JUST IN TIME FOR THE DUTCH ELECTIONS!/ TOMORROW 3 BIG EVENTS: 1. DEBT CEILING REACHED OFFICIALLY. 2. FOMC WILL RAISE RATES BY 1/4% /DUTCH ELECTIONS.
In silver, the total open interest ROSE by 229 contracts UP to 188,619 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.943 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 241 NOTICE(S) FOR 1,205,000 OZ OF SILVER
In gold, the total comex gold ROSE BY A CONSIDERABLE 7,593 contracts EVEN WITH A SMALL PRICE RISE IN GOLD ($1.70 with YESTERDAY’S TRADING) The total gold OI stands at 426,020 contracts. Note the difference between gold and silver.
Read More @ Harveyorganblog.com
2017 is shaping up to be a great year for the Military Industrial Complex that President Eisenhower warned us about in his farewell address.
Iran is at it again with another provocative ballistic middle test despite Trumps numerous warnings.
How Trump will respond to this provocation is yet to be seen. If he does nothing he will look weak, but if he goes too far he could risk open conflict between the United States and Iran.