“Out with the old, in with the old. Wall Street and the Fed wants to make nice with Trump so as soon as he accepted the next Presidency, the market manipulators went to work on pushing stocks high…”
Source: Gold, Silver Action: The Criminals Are Still In Charge
“2017 is going to be a bumpy ride, and Trump will make a great scapegoat for what the elite have in store.”
Source: “He Won Because The Elites WANT HIM There, The Global Economy WILL Collapse”
Economics professor Joe Salerno explains the current rush to pay government debt.
“Last week, Austria issued a 70-year bond, the longest dated sovereign in the Eurozone.?”
Source: What Mises Would Say About Austria’s New 70-year Bond
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” Thomas Sowell
Source: Interest Rates and the Marshmallow Test | Mises Wire
“The Gold Manipulators Will Be Punished By Egon von Greyerz The selling of gold we saw last week was another desperate attack by the BIS and some central banks, together with the bullion banks, to…”
Source: The Gold Manipulators Will Be Punished | Matterhorn – GoldSwitzerland
“The chaos that will arise as trillions of dollars, yen, yuan and euros, etc. try to crowd through the fire exits as the asset bubbles pop will be monumental, and the spikes in small asset class prices as the hot money floods in will be equally monumental.”
Source: Where Will The Money Go When All Three Market Bubbles Pop?
“The media has again begun focusing on the fact that most Americans surveyed have less than $1,000 in their savings accounts.”
Source: Thanks to Central Banks, Saving Rates Are Declining Worldwide | Mises Wire
To: Donald Trump
From: Murray Sabrin
At last night’s debate you missed an opportunity to make the case that income inequality, reoccurring bubbles and lower living standards for both low and middle-income families are the direct result of the Federal Reserve’s monetary policies.
At the next debate you should spend most of the night talking how the Federal Reserve has caused havoc in the US economy since it began operations in 1914.
You should take out a one-dollar bill and point out that it’s only worth a nickel today, because the Fed’s monetary policy has caused a massive decline in the purchasing power of the greenback.
You should also point out that the Fed’s manipulation of interest rates causes unsustainable booms, and when the economy overheats the Fed tightens credit triggering the inevitable readjustment in the economy, now euphemistically called a recession.
You should also point out that Hillary Clinton’s support of the Federal Reserve means that she endorses the massive redistribution of income from Main Street to Wall Street, because savers have been getting virtually zero interest rates on their savings since quantitative easing began in 2008. Wall Street is the epicenter of crony capitalism in America.
You should point out that Hillary probably told the bankers in her secret presentations that when she becomes president the Fed will continue to keep the money flowing so they can reap enormous benefits from its cheap money policies.
You should also point out as you have in the past that the bubble we are in courtesy of Ben Bernanke and Janet Yellen will not end well for the US economy.
You should say when I’m president don’t blame me for the next economic downturn, which will be caused again by the Fed’s reckless monetary policies. Recessions are not caused by tax cuts, spending cuts, or deregulation of American businesses.
And point out that the Federal Reserve enables the federal government to take on massive amounts of debt because it keeps interest rates low thereby reducing the Treasury’s interest rate expenses on the national debt.
And this is quite important Donald that you point out, the Federal Reserve makes it easy for the federal government to wage undeclared wars by pumping up the money supply to help pay for the massive military industrial complex we have that Pres. Eisenhower warned us about in his farewell address in January 1961.
Donald, if you want to brush up on the Fed and monetary policy, here are a few suggestions for you to read before the next debate so you will have all the necessary responses to the moderators and Hillary’s cluelessness about how the Fed’s policies adversely affect the economy.
See the essays, articles and books about the Fed here.
I would start with Murray Rothbard’s What Has Government Done to Our Money?, and Robert Wenzel’s The Fed Flunks.
Pointing out the truth about the Federal Reserve, Wall Street and crony capitalism would seal the deal. And you know all about dealmaking.
“Here are nine ‘black swan’ events in recent memory that profoundly changed markets, ranging from the Asian financial crisis of 1997 to the more current Brexit.”
Source: Black Swans: 9 Recent Events That Changed Finance Forever
“The letter posted below is from Stewart Dougherty. Elizabeth Warren on the surface purports to represent middle class interests by associating herself with the erection of the Consumer Financial …”
Source: An Open Letter to Elizabeth Warren on Gold Fraud
“Now that’s more like it. Echoing Donald Trump’s Monday night bull’s-eye regarding the Fed’s thoroughly political essence, Rep. Scott Garrett put more wood to Janet Yellen du…”
Source: The Fed’s Monetary Politburo Is Finally Catching Some Flack
“As we have seen in the past 4 years and all throughout history, socialism doesn’t work. Quite frankly most of us understand the principle of redistribution of wealth is a robinhood effect. 6 years after the…”
Source: We’re Back! What’s Life Like Under A Trump Presidency