Federal Reserve: Enemy of Liberty and Prosperity

Federal Reserve: Enemy of Liberty and Prosperity

Lost in the media’s obsession with the impeachment circus was Federal Reserve Chairman Jerome Powell’s recent testimony on the state of the economy before the Joint Economic Committee. In his testimony, Chairman Powell warned that when the next recession inevitably occurs, the US Government’s over $23 trillion debt would prevent Congress from increasing spending to revive the economy. Powell also said that the Fed’s current low interest rate policies would prevent the Fed from using its traditional methods of increasing the money supply and further lowering interest rates to jump-start...

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The Real Bombshell of the Impeachment Hearings

The Real Bombshell of the Impeachment Hearings

The most shocking thing about the House impeachment hearings to this point is not a “smoking gun” witness providing irrefutable evidence of quid pro quo. It’s not that President Trump may or may not have asked the Ukrainians to look into business deals between then-Vice President Biden’s son and a Ukrainian oligarch. The most shocking thing to come out of the hearings thus far is confirmation that no matter who is elected President of the United States, the permanent government will not allow a change in our aggressive interventionist foreign policy, particularly when it comes to Russia....

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Federal Reserve: Enemy of Liberty and Prosperity

Federal Reserve: Enemy of Liberty and Prosperity

Lost in the media’s obsession with the impeachment circus last week was Federal Reserve Chairman Jerome Powell’s testimony on the state of the economy before the Joint Economic Committee. In his testimony, Chairman Powell warned that when the next recession inevitably occurs, the US Government’s over $23 trillion debt would prevent Congress from increasing spending to revive the economy. Powell also said that the Fed’s current low interest rate policies would prevent the Fed from using its traditional methods of increasing the money supply and further lowering interest rates to jump-start...

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Is The ‘Mother of all Bubbles’ About to Pop?

Is The ‘Mother of all Bubbles’ About to Pop?

When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for a few weeks. Yet, last Wednesday, almost two months after the Fed’s initial intervention, the New York Federal Reserve pumped 62.5 billion dollars into the repo market. The New York Fed continues these emergency interventions to ensure “cash shortages” among banks don’t ever again cause interest rates for overnight loans to rise to over 10 percent, well above the...

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Sentence First, Crime Later?

Sentence First, Crime Later?

Attorney General William Barr recently sent a memo to law enforcement officials announcing a new federal initiative that would use techniques and tools developed in the war on terror, such as mass surveillance, to identify potential mass shooters. Those so identified would be targets of early interventions, which would include the disregarding of Second Amendment rights, as well as the imposing of mandatory counseling and involuntary commitment. The program would likely match data collected via mass surveillance with algorithms designed to identify those with mental problems that would lead...

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Trump Flip-Flops on Syria Withdrawal. Again.

Trump Flip-Flops on Syria Withdrawal. Again.

President Trump is reversing his foreign policy decisions so quickly these days that it almost seems like he overturns himself before making the decision in the first place. Last week he was very clear that the US was pulling its troops out of Syria. “Bringing soldiers home,” he said. “Let someone else fight over this long-bloodstained sand.” But then he overturned himself later in the same speech. He said: “We’ve secured the oil and therefore a small number of US troops will remain in the area where they have the oil. And we’re going to be protecting it and we’ll be deciding what we’re...

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Washington Is Wrong Once Again – Kurds Join Assad To Defend Syria

Washington Is Wrong Once Again – Kurds Join Assad To Defend Syria

When President Trump Tweeted last week that “it is time for us to get out of these ridiculous endless wars,” adding that the US would be withdrawing from Syria, Washington went into a panic. Suddenly Republicans, Democrats, the media, the think tanks, and the war industry all discovered and quickly became experts on “the Kurds,” who we were told were an “ally” being sent to their slaughter by an ignorant President Trump. But it was all just another bipartisan ploy to keep the “forever war” gravy train rolling through the Beltway. Interventionists will do anything to prevent US troops from...

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Federal Reserve’s Latest Bailouts More Proof Bad Times Ahead

Federal Reserve’s Latest Bailouts More Proof Bad Times Ahead

Since September 17, the Federal Reserve Bank of New York has pumped billions of dollars into the repurchasing (repo) market, the first such intervention since 2009. The Fed has announced that it will continue to inject as much as 75 billion dollars a day into the repo market until November 4. The repo market provides a means for banks that are temporarily short of cash to obtain short-term (usually one day) loans from other banks. The Fed’s interventions were a response to a sudden cash shortage that caused interest rates for these short-term loans to climb to 10 percent, far above the Fed’s...

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