Cognitive Dissonance In May of 2006 at the height of the housing bubble, then Fed Chairman Ben Bernanke gave a speech at the Federal Reserve Bank of Chicago’s 42nd Annual Conference on Bank Structure and Competition. https://www.federalreserve.gov/newsevents/speech/bernanke20060518a.htm. In the Q&A session he commented—”Rapid appreciation in house prices has made homeowners feel wealthy and has powered … Read more
Category: Politics
What Happens in NYC Doesn’t Always Stay in NYC
What the Mamdani mayoral victory means for the rest of the country The Mamdani victory was not an isolated incident that will be limited to the crazy blue coast or just the Burroughs of New York. Bernie Sanders, Alexandria Ocasio-Cortez, and now Zohran Mamdani has the potential to grassroot across America over the next few … Read more
‘I’m furloughed due to the government shutdown’: Do I pull money from my Roth 401(k), savings or $450K home? – MarketWatch
Reason #67 why I have stated over and over that the worst place to save and store your money is retirement accounts (aside from the free employer match). Your money is in financial prison, and you have little to no access to it, in times like these when the government shuts down and stop paying … Read more
The Gold Standard Removal Anniversary
Everyone should watch this, but instead of pushing Schiff Gold, a better way is to opt out of the corrupt banking system and create your own privatized bank, then borrow to buy gold, BTC, RE, etc. #IBC #abolishthefed https://twitter.com/PeterSchiff/status/1956417638629867830/video/1
Trump Torches Neocons & Interventionists, Emphasizes ‘Peace Through Strength’ Deal-Making In Major Saudi Speech | ZeroHedge
One of the best foreign policy speeches of my lifetime since Reagan’s “tear down that wall!” Has been a great couple of weeks on foreign policy for Trump and a very bad two weeks for the war mongering Neocons. Source: Trump Torches Neocons & Interventionists, Emphasizes ‘Peace Through Strength’ Deal-Making In Major Saudi Speech | … Read more
House Passes Full-Year Stopgap As Democrat Crosses Party Lines, Massie Votes ‘No’ | ZeroHedge
Unbelievable that only one intelligent person in the house (and I am willing to be Rand Paul also votes against) making that only two out of 535 congressmen that understand deficit spending and effects on inflation and that enough is enough. Sad and pathetic. Source: House Passes Full-Year Stopgap As Democrat Crosses Party Lines, Massie … Read more
Government Spending Will Cause the Next Financial Crisis | Mises Institute
Source: Government Spending Will Cause the Next Financial Crisis | Mises Institute
Money Supply Growth Accelerates and Hits a 27-Month High | Mises Institute
May need a crisis to justify lowering rates to service the debt at this point…rut roh. Source: Money Supply Growth Accelerates and Hits a 27-Month High | Mises Institute
Yellen Issues Debt Limit Warning to Congress – The New York Times
No kidding sherlock….how bout stop spending more than you take in and cut the size of the government? Say, who would you say is buried in Grant’s tomb? Source: Yellen Issues Debt Limit Warning to Congress – The New York Times
Government Spending Shock: US Budget Deficit Soars In Worst Start To Year On Record | ZeroHedge
Source: Government Spending Shock: US Budget Deficit Soars In Worst Start To Year On Record | ZeroHedge