Mike Swanson discusses the recent announcement that the Federal Reserve will begin cutting interest rates again. Fed Chairman Jerome Powell has said this is a precautionary measure against a possible recession, of which there have been early signs over the last few months. The dangerous thing, says Swanson, is what happens if there is a recession even after this move—with rates already so close to zero percent, what more can the Fed do? Unfortunately it would probably mean huge inflationary measures that could wipe out the savings of average Americans.
Discussed on the show:
- “Today’s Federal Reserve Rate Cut Marks The Start Of A New Financial Era” (The Libertarian Institute)
- “Paradigm Shifts” (LinkedIn)
- Secrets of the Temple: How the Federal Reserve Runs the Country
Mike Swanson provides investment advice at wallstreetwindow.com and is the author of The War State: The Cold War Origins Of The Military-Industrial Complex And The Power Elite. He also works with the Neopolis Media Group, a group of historians, educators, authors, researchers, and free speech advocates who endeavor to provide original and engaging content, including The Ochelli Effect, and The Lone Gunman Podcast.
This episode of the Scott Horton Show is sponsored by: Kesslyn Runs, by Charles Featherstone; NoDev NoOps NoIT, by Hussein Badakhchani; The War State, by Mike Swanson; WallStreetWindow.com; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; and LibertyStickers.com.