At a certain point in the economics of the great pretending cycle, one must wonder what circles they live in.
Fed Chair Jerome Powell announced another quarter-point interest rate hike and simultaneously noted the banking crisis will likely lead to tighter credit and borrowing for businesses on Main Street…. thereby further reducing the U.S. economic output. Yet here we are again, and not a single economic or financial pundit is even talking about the origin of the inflation the Fed action is pretending to address, the spike in energy prices.
At the core of the Biden policy issue that creates inflation, is the energy policy that has driven oil, gas, home heating, electricity and manufacturing/farming costs through the roof. The blocking of energy resource development/production is the top issue leading to massive increases in consumer prices overall. The Biden energy policy is entirely ignored by a federal reserve attempting to shrink inflation.
Follow the bouncing ball of consequence.
Biden restricts energy development [Main St Suffers]. Prices skyrocket [Main St Suffers]. The fed raises interest rates in an effort to reduce the economic activity to meet the lowered production of energy resource development [Main St Suffers]. The result of the interest rate hike creates liquidity issues for banks holding treasury securities [Main St Suffers]. The banks then reduce credit lines, reduce lending and tighten borrowing to match their lowered liquidity [Main St Suffers].
The Fed then notes further increases in rates may pause as they await the outcome of restricted banking credit and lending from the rate hikes previously installed. Nowhere in any of this is anyone talking about the nucleus of the issue – the stupid energy policy. The great pretending continues in the West, while smiling panda lunches with Vladimir Putin.
[Transcript] – “At today’s meeting, the committee raised the target range for the federal-funds rate by a quarter percentage point, bringing the target range to 4.75 to 5 percent, and we are continuing the process of significantly reducing our securities holdings. Since our previous FOMC meeting, economic indicators have generally come in stronger than expected, demonstrating greater momentum in economic activity and inflation.
We believe, however, that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses, which would in turn affect economic outcomes. It is too soon to determine the extent of these effects, and therefore too soon to tell how monetary policy should respond.
As a result, we no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation; instead, we now anticipate that some additional policy firming may be appropriate. We will closely monitor incoming data and carefully assess the actual and expected effects of tighter credit conditions on economic activity, the labor market, and inflation, and our policy decisions will reflect that assessment. (read more)
We are in an abusive relationship with our government.
Pro-tip to Powell:
Increase oil and natural gas production while approving new pipelines will cut inflation without the need to raise interest rates and destroy the banking system. Along with this simply end the Neocons assault on Russia and Ukraine, end the sanctions on Russian oil and write a check for $20 Billion to Germany and Russia so they can repair the Nordstream Pipelines we blew-up. See, no more bank failures. No more bankruptcies. No more trillion dollar bailouts. No more dead Ukrainian soldiers to add to the 200,000 we’ve killed already and WE ENDED INFLATION! Wasn’t that easy?
You pushed the Easy Button….
You are now permitted to vote Trump! 🙂
Trump does still have that magic wand that he’s used before.
He can stick that wand where the sun don’t shine.
LOL!
🤣 🤣 🤣
Oh, stop making sense.
It’s hard to stop making sense when you went to Catholic school!
Who, Pope Marxist the First?
Right. Just ask Pope Francis.
C’mon, Joseph. We all know Francis is an imposter. There have been bad Popes at times throughout history. It doesn’t mean a Catholic gives up his/her belief in the True Catholic Church, the Church started by St. Peter, when Jesus ordained him as head of the Church. Paraphrasing: Thou art Peter, Peter means “rock” and upon this rock I will build my church.
Catholic school here, grades 1-12, then Catholic Nursing School.
Nice to know I’m not the only one. Thanks for sharing.
Let the Bankers – the big conglomerate bankers all go the way of the dinosaurs, and any others of “like” heart.
Evil Jackaloons.
The dinosaurs went out with 90% of the rest of the world’s species. That’s how the banksters plan to go out, too.
If it could be assured that the top 1% is included in that 90% it might be worth a shot. On the other hand, let’s see if taking out just the top 1% and redistributing all their stuff to the remaining 99% solves the problem. It sure would conserve resources and make the world a happier place.
Nice thought, but Powell’s Fed moves along with Yellen’s now will probably ruin the regional and community banks first, and then there goes small business,.. followed eventually by NWO Global banking by the few that are too big to fail.
Yea, pessimistic, I know,…. but here we are.
With real inflation at near 15%, interest rates will have to go to the market breaking point to control inflation, by tradition, caused by historic spending,…. Unless DJT is elected in ’24 to correct all of Biden/Global Elitists’ designed failures fast,…. by re-installing his US Energy Independence policies and slashing the economic anchor dragging ropes by cutting Taxes/Regs to unleaseh a burgoning US economy and Free Market,…. Again.
No more pessimism,…. just Hope!
I Believe. I don’t hope hope. “A man without hope is a man without fear”.
Instead of saying I hope. Say ” I believe”. The two strongest words you can say.
Yes, open the spigot. As Palin would say: “Drill, baby, Drill!” Pres. Trump will definitely do all he can to fix this.
When PDT makes it to the debate stage, he could floor every rino globalist there by forcing them commit to immediately reversing the ignorant Green New Scam and ignite oil and energy production
Agree!
THEY (rarely, for them) recognise a fundamental truth; they can NOT “allow” it to get that far.
No one can possibly look “Presidential” when standing on a stage with PDJT.
The RNC could, “legally” and fully within it’s own rules, “simply” deny PDJT the parties “endorsement” which would mean he could NOT be on any ballot, as a “Republican” candidate.
But THEY do not want to DO that, so they try all of their usual machinations and ploys, that haven’t worked before, and won’t work again.
THEY will HAVE to steal it, and to do so it will be blatantly obvious.
I think they DO NOT want to do this, either.
Sucks to be THEM!
Don’t you think it was blatant both in 2020 and 2022, Dutch? Demonrats have been doctoring elections since they first practiced fraud in Chicago in 1960.
Went back before that. Tammany Hall, Boss Tweed.
Remember when the turtle McConnell blasted AOC’s green new deal?
He must’ve forgot he was against it before he was in favor of it.
He got his cut
I like that thought.
Hey! 81 million can’t be wrong. Can they?
If ending inflation was the point…which it isn’t.
But you don’t have any money for Ukraine in there! How dare you! /s (just in case it’s needed)
mea while Congress does nothing to support their benefactors.
Nothing but
Exactly!
Excellent!
You get my vote!
It’s easy for clear thinking people who love this country and want it to survive and thrive as the great Constitutional Republic it was created to be. But the Insane Clown Posse currently in charge are NOT those people.
Can’t have new American Pipelines. Railway owner Buffet is a Democrat and his greed supersedes America’s needs.
And the War Profiteers need Russia, far, far more than Russia needs them. Bleeding America dry of money while bleeding Ukraine dry of blood is small change for the irrational zealots in DC.
… or Davos.
We wish and pray. Exactly as you posted, those are the answers.
They will carefully close the noose and closely monitor our breathing.
And buy stock in burial supplies.
That business is booming.
And then, Matthew 25, let them suddenly discover – what is THIS they find??? that they have put the noose they meant for others about their very own selfsame throats! And they CANNOT force the one who holds the other end of the rope to let go.
And as they look closely, they realize that is their very own hand that is tightening on the rope and pulling with all their might.
It’s true…and it’s sad.
1 Tim. 2:3 For this is good and acceptable in the sight of God our Savior, 4 who desires all men to be saved and to come to the knowledge of the truth.
Pitchforks & Torches?!
Gonna need LOTS of rope!
Wood chipper
Powell and his previous cohorts in crime have never dealt with the
cause; only the effect; and then they handle that very poorly.
This all will end in a very bad way. If you can, please explain how we get out of this mess without effort. Don’t tell me to call my congressman , how’s that working out. Clean it up on a local level. Hahahaha. There’s tons of corruption there. Voting, another hahaha.
A cabin in the countryside, grow your own food, be debt free, pray Stalin is really dead.
People lived for 100s of years “off the grid”. Just recently added a hand powered mechanical pump to our water well. We’re good to go out here. We’re also developing co-op growing for certain live stock with our like minded neighbors. Food production won’t be an issue, neither will mutual aid armed defense.
That is so great, good for you. I do hope many are doing the same thing.
that’s great
but
I recall the Nazis taking over
all the farms when they invaded
until we get our government under control
the same thing will happen to us
I say there is only one ton of corruption at the local level. And I can shovel out a ton, one shovelful at a time. I am already working on it. It will go a lot faster when ten more people join in. We could even move ten tons then!
I am also teaching others what I have learned is going on at the state and federal level, so we can watch out for local tentacles reaching in.
Stack metal. Gold. Silver. Lead. Brass. Steel.
I got a weird look today when I went to the pawn shop
and bought up some scrap silver as a guy was hocking
a bunch of tools next to me.
I will be back for more.
https://www.nonviolent-conflict.org/polands-solidarity-movement-1980-1989/
Note, according to the article, it took 30 YEARS of prep work, and 9 years of activist work, to remove the Conmunistd in 1989.
Looking at the Polish Gov position on Ukraine, it looks like it didn’t “take” and they are back in charge, again.
This time, it isn’t Soviet “stalinists” or “marxists” it is “WEF Globalists” which is just the newest iteration of the age old scourge of Conmunism.
The reason they are called “revolutions” is they are circular in nature; keeps coming around, again.
IMHO, the “Singing revolution” in the Baltic States is even more enticing.
MAYBE 1-2 years of “prep work”, no actual “organising” and the crunch time lasted 3 DAYS.
3 days, and the Soviets withdrew from 3 small countries they had occupied for 40+ years.
“All” it took, was the population, en mass and in UNITY, to by voice and action, withdraw their consent.
Alas, even their Governments seem to have been infiltrated with WEF’ers.
One might argue we are 8+ years in ourselves starting with this –
Is this the golden escalator y’all refer to? Someone fill me in on details of this historical moment.
We haven’t cleaned up the fraud with our voting systems. Both the Republicans and Democrats are corrupt along with the sewage that is government We don’t have time to start at the bottom, with local politics to clean everything up
And so much is going wrong that it is easy to despair
However, never give up
“Without effort”? Seriously? Peril doesn’t end by deferring actions to professional pols. We’re in trouble. 18 months ago and more we knew China and Russia would kick USD to the curb. Any pundit shocked, dismayed or confused by Xi visiting Moscow is the enemy.
This Admin presents itself as a bunch of bumbling fools, punting as they go along. The day must arrive when everyone realizes these village idiots are not as dumb as they look, and know exactly what they are doing. Bringing down America and filling the offshores with the plunder.
I dunno, I think they are DUMBER than they look.
It only looks that way they put grandma yelling to answer questions she’s a dingbat. But in the background, they raid the treasury. Look at the banks, the only ones that are really bailed out are big banks.
The depositors are left, holding the bag. The same way with big business there bailed out so they close the small business. They want to go one world domination way.
I’m always a bit stymied by a person who does not understand that this is all intentional. It is all part of Hussein’s 3rd reign and his intention to ‘fundamentally transform’ our country. It’s pretty hard to fight a battle when you don’t know who you’re enemies are.
When they said you would own nothing and be happy they really meant it.
It’s all deliberate.
Many people are afraid to criticize him because they don’t want to be racist.
Yes…they have bought into the lies. Being critical of someone’s behavior is totally separate from the issue of racism. However, that is the lie perpetuated by the Left, along with so many others.
This is very true. The RINOs/GOPe allow the Dems and the Clown marxists/social justice warriors to be the visible source of anxiety, conflict, and fear to make us support them, but, as Sundance has outlined, they are two wings of the same very skilled EVIL bird, who is feasting off the fact that they have trained us to give them money to enslave us and live off of us like parasites.
They aren’t pretending…They are executing their plan to destroy America…And they are succeeding!
My thinking also…they may be dumb but they know how to play their part in this whole Kabuki theater 👍
🇺🇸💪😀👍
“We are in an abusive relationship with our government.”
What a Very Powerful UNDERSTATEMENT, but one that PASSIVE PACIFISTS always find themselves in.
And they don’t care who they always drag down with themselves.
God Gives us Tools to fight back with. But it does take some Cooperation.
My father worked in the Oil Field from 1952, for the rest of his life. He knew so many really fine people, with the most wonderful integrity….
These people who love the devil so much… How bizarre and strange they are…. Strange indeed how deep their passion is for him —bizarre how intense their hatred for the Earth and Human Beings.
Natural gas prices are down to $2.40 a million BTU, oil is trading in the low $60s and coal it dipping below $180 a ton. The point is, either supply is increasing in these markets or demand is falling and as a result energy prices are falling. This will help Fed Chair Powell and I’m sure he will claim victory that it was his Fed policies that saved the day when in fact it’s lowering energy prices. The question is, how deep and long will this dip in energy prices go? Is this a blip or will it be long lasting?
Basically Powell and Yellen decided to kill demand by ratcheting up interest rates which simultaneously killed the economy and the banking sector! It was a lot easier to increase the supply of oil and natural gas!
Excellent point.
You wouldn’t know demand is down by all of the vacationers in Central Florida. Our gas prices rose in the last few weeks too.
Tic Tok CEO Grilled by House Republicans – ‘It’s A Yes Or No Question!’: Bill Johnson Grills TikTok CEO Over App’s Capacity For Censorship
https://commoncts.blogspot.com/2023/03/tic-tok-ceo-grilled-by-house.html
I am more concerned about our government spying on its citizens through the NSA databases.
That’s why PDJT banned Tik Tok.
JoBama reversed it.
Energy was not the reason for inflation. Inflation doubled from Jan 2021 t Feb 2021. Doubled in one month. Pure and simple, it was Biden’s reversal of Trump’s policies and 100% turn in regulation. This is one of the hidden inflation drivers forcing business.costs higher. The 2nd driver was government spending to favored political supporters expanding currency without expanding our output the same amount. This is also poorly understood. Energy was never the cause. Never is!
Govt policy and reckless spending are always inflationary.
When oil went up by 100% so did diesel fuel, fertilizer, transportation cost, jet fuel, heating and electricity rates so that raised every else!
JoBama ruined our energy independence, intentionally crippling our country.
It worked so well that he blew up the Russian pipeline.
Tell that to my wallet. Killing energy production, while simultaneously promoting expensive green policies, has a downstream effect to my gas tank, to my kitchen table, and to my electric bill.
Killing energy was the new Biden govt policy. And it started on day 1.
Energy was the immediate cause of inflation. Day 1 Biden stopped drilling, no new leases, and stopped the Keystone Pipeline.
Energy costs went up and that directly raises everything. He did do those other things and that piled on more inflation.
Who would have thought? A talking monkey. How do you spell ”
Incompetent?” P-O-W-E-L-L-Y-E-L-L-E-N.
Yesterday’s Wall Street Journal article on commercial real estate loans may pose difficulty for small and regional banks. Those banks hold $2.3 trillion of those loans of which $270 billion come due this year. The article states many of those properties are now worth less than is owed on them. With more remote work, people moving out of large cities and other problems higher interest rates may cause the building’s owners to be unable to renew their loans. There may be more bank failures.
Crashing REITs, as well.
How much fiat currency did they print to bailout the banks and prop up Wall Street? Answer billons. Congress meanwhile has worthless hearings and does nothing. Out of control spending that costs the taxpayers nothing. Baloney.
COVID cash extravaganza!
Don’t worry, Trey Gowdy will get to the bottom of it. Excuse me I meant Jim Jordan(one and the same) will straighten out these Communists in the next 10 years.
We put up when Fauci that ruined the economy.
Now we have Yellen and Powell to finish the job.
Yes, the United States Government is beating the financial life out of us citizens every day. Not only is there no end in sight, they keep taking action to make things worse. Every bit of it to implement an agenda that is directly against the interests of most US citizens.
‘the origin of the inflation the Fed action is pretending to address, the spike in energy prices.’ – Sundance
“Biden’s” anti-hydrocarbon policy certainly has driven up energy prices relative to other goods.
Inflation, though, ultimately derives from the massive expansion of the Federal Reserve’s balance sheet to an astronomical $9 trillion – up from less than a tenth of that level before the 2008 crisis.
Plentiful energy supplies would take the edge off this monetarily-induced inflation. But “Biden’s” climate change ideology has added a pro-cyclical fillip to the Fed’s wanton asset-kiting.
Now it’s all going into reverse, as the weakest links in the financial Ponzi scheme wink out of existence, and the ‘authorities’ scramble to patch holes in the dike, as the entire dam threatens to give way.
In the Big Gov sphere, “Yellen” is the weakest link: a serial incompetent whose failed tenure as ‘chair’ of the Federal Reserve got her promoted to Treasury ‘Secretary’ in the diverse “Biden” administration.
We’re in weak hands, comrades. And 535 anencephalic dwarves in Clowngress aren’t going to fix it.
Let it bleed.
Howie Carr said today she looks like Capt. Kangaroo without the mustache.
It’s not about energy policy.
It’s about Russia leading the world off of US Dollar Reserve status. Even oil not only traded in dollars now.
Our banking system has gone from 40k to 8k banks, 80% fewer. (Good arguments can be made we need more banks and less concentration).
The policy goal is less banks and more centralized currency/lending. Easier to manage these banks to promote government policies.
When US currency/credit policy is causing social unrest its best to have that currency/credit/cbdc in place, no?
our biden energy policy made putin rich.
our Afghan embarrassment convinced putin he could do it.
Our continued support of Ukrainian genocide of ethnic russians coupled with our intent to use Ukraine against putin, made invading Ukraine necessary.
Our response to putin’s invasion, which we provoked, is to try to destroy putin with sanctions.
Nightmare sanctions triggered russia’s preplanned response, forcing russia to trade outside the dollar.
brics, set up long before, enabled russia to escape harm.
everything that happened has been self harm by the west.
biden is an idiot that tries to shoot putin but blows his own foot off, but the fact that everything is happening per WEF plans is deeply disturbing.
unaffordable energy,
food shortages,
break the dollar as world currency,
force the west into economic decline,
all right on schedule.
And by design.
Some say that ending the Federal involvement in our otherwise ‘free markets’ would be catastrophic. But I do not trust ‘the Feds’. Neither did this great President:
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property – until their children wake-up homeless on the continent their fathers conquered.” – Thomas Jefferson,1802
“We are in an abusive relationship with our government.”
Absolutely true. Absolutely goes over the head of our low IQ, low info Sheeple population.
If you’ve ever known anyone in an abusive relationship, you’ll know they’re afraid to leave and they believe the abuser can/will change.
The democrats are buying votes with free foodstamps, ever increasing child tax credits, and free housing… while the rest of us pay out the A$$ just to survive.
Energy scarcity isn’t all there is to it. As long as they keep spinning out fiat money while productivity falters, the only way to rein in inflation is to strangle Main Street. Reducing productivity. . . . . . . Duh Oh!
I propose strangling Wall Street of funding instead.
Proscription: in ancient Rome, a posted notice listing Roman citizens who had been declared outlaws and whose goods were confiscated. Rewards were offered to anyone killing or betraying the proscribed, and severe penalties were inflicted on anyone harboring them. Their properties were confiscated, and their sons and grandsons were forever barred from public office and from the Senate.
10% of all their assets go to those who eliminate them and 90% to the treasury. It would not take long to bring the national debt to zero and we rid ourselves of 90% of the evil the world knows.
Who gets to create the outlaw list?
Perfect and makes as much sense as our experts.
I know these guys can be over the top, but their social commentary creds are stellar.
Great stuff.
They can be irritating but when they hit…awesome.
While our culture is distracted by phantoms of “systematic oppression,” the little guy is being beaten and robbed and oppressed by the System.
The little guy has, in the vast majority of cases, contributed greatly to his own abuse.
It is his denial of this reality, which perpetuates it.
This will also increase the cost of rolling over debt for zombie companies.
Those that can’t pay the low-interest rates on their existing debt without new debt.
This house of cards is getting ready to implode.
You might even think this has been scripted, and is part of a plan.
At least with other financial crises there was outrage and anger. Now the MSM/social media are compliant and afraid to dig an inch below the surface. And a pacified, ignorant public shrug and hypnotize themselves with banalities.
The entire green plan/reset needs to be exposed, nuked and buried. And focus on the educational system, where naive unformed minds are brainwashed into thinking this is all for the good of the planet.
The evil WEF and their acolytes and masterminds have cynically created the narrative that let’s them pose as the guardians of a ‘built back better’ utopia.
Have listened to this twice now, and each time have learned something new. Found helpful insight when thinking about what’s going on with the banking. Found it to be 1 hr 25 minutes well spent.
The guests provides some very informative historical charts to get a bird’s eye view on where our banking is compared to previous ups and downs.
Wealthion video “How Worried Are Actual Bankers About The Banking System” where the host interviews John Maxfield who, according to the blurb, has spent the past several decades writing about bankers.
would add a p.s. in that, when discussing the health of the small, regional banks, the guest says that their core work is with the farmers, the agriculture business, and it makes perfect sense what Sundance and California Joe are pointing to, the high price of energy, fuels, fertilizers, is what hurts the farmers.
It really is the stifling of our nation’s ability to produce oil, gas, fuels for industry that drives the thriving of the smaller, regional banks.
Please President Trump, when you get back into office, put Sarah Palin in has head of the energy sector. We need ‘drill baby, drill’ more than ever!
delete
Three choices to deal with this.
A. Accept hyperinflation
B. Accept more banks collapsing
(or both)
There’s a third choice but Biden & DemoFascists won’t consider it:
Cut taxes, Drastically cut government spending, and Remove destructive Green Policies (as suggested by California Joe) and free up oil & gas
Govt backing up the banks won’t work:
Ah, to be a Master of the Universe. To create the problem, intensify the problem, then fly in wearing your U.S. Dollar cape and and save the world. They are disgusting.
IMO They all have the same boss and it ain’t Joe Blow.
We are all slaves to the Central Banks(Rothschilds) and their magic ability to create MONEY for nothing to finance governments and wars.
Which is why the BRICS will develop a new world reserve currency.
This will be no “soft landing.” Excellent analysis of the farce:
LONGWave – 03 08 23 – MARCH – All Economic Indicators Don’t Lie
The Fraudulent Climate Change Ideology In Three Images, Part 1!!!
FClimate Change Ideology
FJB/LGB
Look at old photos of the Kennedy Compound on the beach in Hyannisport in 1930 and compare it to ariel photos from Google. The ocean level is at the exact same place!
Do you think Obama would be buying multi million dollar beach compounds if it wasn’t? Obama obviously doesn’t believe in sea level rise by his actions no matter what his mouth lies.
The Fraudulent Climate Change Ideology In One Image, One Climategate Email, And One False Predictions, Part 2!!!
FClimate Change Ideology
FJB/LGB
(Temperature graphs will be posted next that further expose the fraudulent Climate Change Ideology.)
The Fraudulent Climate Change Ideology In Three Temperature Graphs, Part 3!!!
FClimate Change Ideology
FJB/LGB
The Missing Graph!!!
Why do we need these people? Answer, we do not.
Gas is still $3.50 a gal. heating is getting unaffordable as is food…As a senior I’m down to one meal a day along with my wife. We got thru most of the winter because we had a garden last summer and raised and butchered a pig. I remember my father telling me of the days when he was young, sometimes all he had to eat was bread and milk with sugar on it…If farmers can’t afford to farm, there will be no more bread or milk…Wheat don’t grow so good up this way in Vermont…
I’m surrounded by crops on all four sides, and I get my eggs from my family chickens.
Nothing better than seeing large tractors at work, and Trump flags flying proudly from them.
I grew up very poor in VT. I remember bread, milk, and sugar. I remember many a hungry night for my younger sister and I while Mom was working. Dang, that brings back some memories.
Your post hurts my heart, Gary. Keeping you and your wife in my prayers.
The MSM/Biden economic and financial pundits tell us that there is no inflation, high energy prices are due to Ukraine/ climate change, no recession and our borders are secure; lies by design. The installed turnip administration plus the rest of the GOPe/DNC dictators will implement Government controlled digital currency is the only time the (🤬bleep🤬) ‘politicians’ don’t lie about. FTB and the rest of his ilk; including Rom ‘DeFuctimonious’
As of today, nearly $400 billion newly printed money at the Fed, heading to all time highs of “Assets”. De facto, DEBT.
So much for Quantitative Tightening. 8 months of tightening, 2 weeks of going back to the starting line.
You can tell how much Politicians despise ordinary Americans when the biggest Spending Extravaganza is named the Inflating Reduction Act.
They truly have contempt and they show it every day.
The rising energy prices inflation going, but it is only one of the factors that are keeping it going including:
We are repeating the mistakes of 1969 and 1970 which led to the stagflation that lasted the entire decade of the 1970s. Peter Navarro basically had it right in this podcast:
https://intrumptimepress.podbean.com/e/the-rich-get-richer-and-the-deplorables-pay-for-the-bailout/
I am by no means a financial expert, however there is a school of thought that is indicating that the financial lines are drawn between the EU/Davos/Biden (Yellen) ideologues vs the Fed/commercial banks, etc. In this school of thought, it is the London/EU economic center that aligns with Davos in an attempt to completely crash the western financial system, and start new (bill back better) with CBDC, whereas the commercial banks (JP Morgan, etc) along with the Fed (the Powell school of thought) that is attempting to shore up the US dollar globally. An interesting thought.
I have started reading about that!
It is an interesting thought. And the more I read about it the more intriguing it is.
I’ve always wondered how big banks like Citi and Chase would give up their financial power to a ‘central bank’ which is what the intention is, so it makes sense that, despite whatever negatives there might be about Citi/Chase etal, in this ‘fight’ they are on the side of banking as it is.
Powell is blaming the banking crisis on tightening credit and borrowing. He’s deflecting. Tightening credit and borrowing is caused by his raising interest rates. HE is causing this condition, not the banks per se. Fewer people will be borrowing from the banks because interest rates that the Fed establishes is contributing to a higher cost of money throughout the entire banking system.
If you gotta borrow money, you got bigger problems.
But..but..THE PLAAANET! We have to save the plaaaanet!
WW3 will wipe away that climate nonsense. And everything else.
Ok….well Taiwan can take care of Taiwan.
We have enough problems here.
America First
No War
Trump 2024
Look at the economic pretense in this article!
https://thehill.com/opinion/finance/3912201-is-the-economy-better-than-it-seems/
Its purpose is to convince the folks who voted democRAT that the economy is getting better.
And here’s the reasons given and my response to each:
“Energy costs are declining”
Yeah … gas is down 20 percent from a year ago and oil is down 37 percent from a year ago. But the reason energy prices shot up so high is entirely because of Biden (and other democRATS) policies, and the latest prices are still much higher than when Biden took office.
“Rental vacancy rates are at 30-year lows”
Maybe because people can’t afford even rentals now? Where do they think the homeless have come from?
Commercial loans continue to rise
Could it be that struggling businesses are having to take out loans JUST TO STAY IN BUSINESS? Usually loans are taken out to expand, but there is no expansion going on now. Just contraction. They admit that in the article.
They they point out that food and beverage store sales were 5.5 percent higher than a year ago. But inflation in food prices is probably the reason. That’s NOT a good thing and even with those higher prices, food industry businesses are struggling to survive.
Household Savings
They also claim “that household savings declined a little in the last few months but then rose again to almost historic levels.” Well, first, when people stop spending because they are worried about the future, that happens. And it’s an outright lie to claim savings rates are at near historic levels. Check out the chart of what’s happened in the last 5 year to the personal savings rate here: https://tradingeconomics.com/united-states/personal-savings .
As you can see, the personal saving rate from early 2020 to mid 2021 was way higher than the curtain 5% (approximately). And historically … before 2020, US the personal saving rate was 7.5 to 9 percent (during the last year of Trump’s Presidency). That’s WELL ABOVE the 5 percent they’re now boasting about.
“The Producer Price Index has declined to early 2022 levels”
Again, the article is putting lipstick on a PIG. Early 2022 levels are nothing to boast about. They are still well above what it was pre-Biden. Check out the Producer Price Index the last 5 years here: https://tradingeconomics.com/united-states/producer-prices).
“Manufacturing backlogs are rising”
This is them grasping at anything that might be used to make things look better. They start off by admitting that manufacturing is contracting everywhere. Then they say …
“The Institute of Supply Management reports that backlog levels in February, while still significantly below what we saw a year ago, are almost 10 percent higher than they were at the end of 2022 and are on the rise, which should turn into an increase in manufacturing activity in the coming months.”
Yes, a growing backlog might mean things are going to improve manufacturing wise, but then again maybe not, because the factors that have caused the problems in our economy since Biden’s election remain. The ClimateChange nonsense. The attacks on fossil fuels. The Build Back Better scam. The Ukraine War. One could go on and on and on.
And consider the fact that in 2018, when democRATS were saying how awful everything was in the economy under Trump and were predicting doom, Bloomberg reported that US order backlogs grew by the most in 14 years. Why the sudden change in what a backlog portends?
“Wholesale inventories are decreasing”
That just might mean that demand is low, so companies are not making more of their widgets, wisely conserving resources for when the economy really does start to improve.
“Services industries remain strong”
So … the fact that people of means are still having to maintain their landscaping, businesses are still having to do accounting, etc, etc, etc … is an indication of general economic health? Then why wasn’t that a healthy indication when Trump was in office? Instead, the message from leftist media was all gloom and doom. Remember?
“Rental vacancy rates are at 30-year lows”
Maybe because people can’t afford even rentals now? Where do they think the homeless have come from?
At the last apartment complex where I lived, there was a limit on how many people could live in a one- or two-bedroom apartment. Several doors down from me, at least eight foreigners lived in a two-bedroom apartment. They took turns leaving in the morning and staggered their returns in the evening. If many tenants knew this, surely management did as well. That was four years ago. Given this worsened economy, have to wonder how many people are crunched together living in spaces that are too small. But this might partially explain the lower vacancy rates.
Eight people living in a two-bedroom apartment = significantly lower rent per person. They may end up the best-suited for the block cities being built.
Inflation is a function of economic policy. Hard stop, no debate. In the current environment it is a function of energy policy. For the morons that tie Reagan to inflation in the early 80’s it should be a clue on how long it’s going to take to correct this cluster. Carter set the dynamite and lit the fuse. Reagan dealt with the aftershock.
Just another poke in our eye. They can keep raising the debt ceiling… while we use our line of capped credit to buy fertilizer.
The us -vs- them is growing tiresome.
When is President Trump going to go public and denounce the Climate Delusion (that anthropogenic CO2 is warming the planet) as the Hoax that it is?
I’m waiting. . .
He has….many times !
Guess you never watched any Trump Rallies.
His take on the…… less than one degree…is pretty funny!
Maybe you can find some Trump Rallies on RSBN and watch!
I’ve watched many Trump rallies. He’s joked around the issue, but to my recollection he’s never come out and denounced the Climate Delusion outright.
He needs to do this to make ordinary citizens feel OK saying what they likely know, that making CO2 a ‘pollutant’ and a danger is completely wrong. But they are afraid of being called ‘anti-science’ and ‘a denier’, which for too many is like being called a heretic, a devil.
Mr Trump has it in his power to make it OK: You’re not destroying the Earth by driving your car, or heating your home, and Organic (‘fossil’) fuels are not a threat to humanity. But has to say it outright, and make it a focus of his campaign. We have to stop the suicidal ‘green’ madness that is destroying our economy and impoverishing our nation.
I’m still waiting. . .
Other’s ( Tom Luongo, Danielle Booth ) analysis indicate that Powell’s actions are meant to destroy WEF, Progressive/Crypto Banks, NWO operations. Not that it won’t hurt the general public, but has the long term benefit of getting rid of those groups – which I can suffer thru gladly!
If that is indeed what would happen, then returning DWT and Drill baby Drill would be a great start –
CAREFUL! I posted something similar about Tom Luongo’s “insights” 10-days back, and ended up deeply regretting it. After digging further, I’m confident he’s a paid intelligence asset.
The Q psy-op encouraged people to believe the military and others were working behind the scenes, setting up sting operations and everyone was going to gitmo. It’s purpose was to immobilized the populus. Millions of people fell for it.
It worked so well, the same scheme is being repeated, this time by Tom Luongo regarding the Fed. His theory is enticing and creates a false hope of an unlikely ally (the Fed) that is without question an enemy of the people. Always has been, if you know the history.
I’m sick to my stomach knowing that his making the rounds to all the alternative media outlets will shutdown much needed opposition to the orwellian infrastructure the Fed is putting in place. We need to warn others to be wary – reserve judgement at the very least.
In the video below, Tom Luongo says “The best lies work because they have a nugget of truth.” This is out of context, but he’s right.
#rumble.com/v2b6eh2-situation-report-2-27-23-interview-with-tom-luongo.html
@38:45 “This is where the money is” (doing what he’s doing)
@57:10 He agrees on the truth about Q
#rumble.com/v2efdjg-the-fed-and-the-ecb-w-tom-luongo-live.html
@1:30:35 Luongo proclaims he’s willing to do a deal with the devil – a figure of speach, except when it isn’t.
Please warn others, this is a psy-op quickly gaining momentum by the day. It’s a compelling narritive, but J Powell is not going to save America. Of that, I’m sure.
Nope….I watched couple of Luongo interviews and read his website.
I am not going to write him off. And will continue to read his articles.
The stupid idiotic tripe coming out of Bill Cramer types….
Luongo is a different perspective.
And if anyone thinks Powell will save the world…is a moron. Too many extenuating circumstances. Let’s see what he does….
You are being disingenuous in your criticisms of Luongo. He has stated explicitly that he favors the criticisms of the Fed by sound money advocated. But realistically we are in a world dominated by central banks. Now that there is a clear power struggle between the European Central Bank and the US Fed, we can stand back and review what is the best outcome for Americans.
Clearly if the US Fed wins that is good for Americans because we can then proceed to make changed to our banking system to make it more sound. If the ECB wins then it is completely out of our hands and the US becomes a colony of Europe.
This is the world we are in now. Not the ideal world of anti-FED ideologues.
Also, Tom Luongo is lying about Danielle DiMartino Booth. She does NOT support his theory AT ALL. Listen to his interview with her, and he wasn’t even willing to suggest it, because he would have been made to look like a fool, had he done so.
#tomluongo.me/2023/02/14/podcast-episode-133-danielle-dimartino-booth-fed-put-must-die/
Danielle DiMartino Booth’s position is that Jay Powell is trying to destroy the “Fed Put”, and her position on J Powell is best layed out below. As you’ll see, it has NOTHING to do with battling WEF/NWO/etc.
#dimartinobooth.substack.com/p/too-small-to-not-fail-history
Spread the word: Tom Luongo is running a total psy-op.
Luongo makes some pretty good points.
Will I stop reading/listening…..nope.
We are all in for this ride.
Nothing else to do but prepare for the worst …
Then buckle our seat belts..
It’s going to be a hell of a ride the next couple years.
Credit Swisse, LeGarde and the Davos crowd not too happy. Good
Start becoming energy independent.
Bring manufacturing back.
Get out of Ukraine and quit needlessly wasting lives and money.
No more wars…..and that includes Taiwan…aka Ukraine 2.o.
No War
Trump 2024
But…Democrats blame oil company greed!
Even after Biden admitted canceling Keystone XL was wrong since it eliminated 20,000 Union Jobs.
Now, he’s approved the Willow Project in Alaska expected to produce 186,000 barrels a week.
GEEZ!
If he admitted it was wrong, then he should UNcancel it!
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
Lord Acton
100% correct
Well no pundit will ever talk about it because they are in on the scam. The FED owns the media, the pundits, the govt. along with everything else. It’s the same people. Every single time.
Without the FED the parasite class would starve since they could not extract enough wealth from the citizenry to retain power and control.
This situation will only end via revolution or via a Weimar Republic type event where people reject the currency as useless.
It seems I’ve picked the worst time in a decade to buy a house.
Actually it will be the best time.
I’d love to hear why higher interest rates and restricted borrowing will make it a good time. It seems counterintuitive to me.
wait a little bit longer
housing prices haven’t crashed yet
but they will
because they always do in a recession