Now that we’re post-FOMC and ECB we have a clear playing field for another 6 weeks. The US debt ceiling theater is now center-stage along with completing the transition away from LIBOR, which will become an anachronism at the end of Q2…
The War for the Dollar is Already Over Part I…
For nearly the past two years I’ve been a nearly lone voice in the wilderness questioning the financial orthodoxy over the behavior of the Federal Reserve. It started with an innocent, if not openly naïve question back in June of 2021, “Could the Fed actually be getting off the globalist train?”…
Meloni v. Macron – The Colonial End Game…
Sometimes the internet being eternal works to our advantage. Recently, there’s been a dustup in European politics over a three-year old video of now Italian Prime Minister Giorgia Meloni stepping on the third rail of European politics…
“Strong as Hell” Economy Is a Mirage of Math…
“President” Joe Biden described the US economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that…
Israel Dumps the Dollar for China’s Renminbi…
Over the last 48 hours, China and Russia have taken big steps toward separating themselves from the monetary policy and economies of the west – and nobody has even noticed…
New Questions Emerge: Is the New York Fed Working for the American People or the Wall Street Banks that Own It?…
Adding to a very long laundry list of questions about exactly whom the New York Fed serves, is the help-wanted ad that was posted four days ago. The ad is for a Financial Planning & Analysis Expert to work at the New York Fed’s headquarters in lower Manhattan. One part of the job description is this: “modelling of potential investment opportunities.”…
Jen Psaki Tells Stunning and Dangerous Lies About Transitory Inflation, Claims Price Increases Will Stop – They Won’t…
In her statements today, Psaki referenced people comparing the prices of 2021 consumable goods to 2020 and 2019. Within the statements, the scale of falsity is off the charts…
Inflation Reaches Key Threshold for Fed Rate Hikes…
Inflation for the first time in several years has increased to the Federal Reserve’s annual target, the Commerce Department reported Monday, reaching a key threshold for the future of U.S. interest rates. The personal consumption expenditures (PCE) index, the Fed’s inflation barometer, increased 2 percent in the 12-month period ending in March, according to data […]
“This is where the next financial crisis will come frome”…
In an extensive, must read report published on Monday by Duetsche Bank’s Jim Reid, the credit strategist unveiled an extensive analysis of the “Next Financial Crisis”, and specifically what may cause it, when it may happen and how the world could respond assuming it still has means to counteract the next…
Russia to Reduce Reliance on U.S. Dollar and Payment Systems…
The Russian government will intensify efforts to cut the country’s dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister Sergey Ryabkov on Monday, as quoted by RIA Novosti. “We will, of course, speed up the work on import substitution, reduce dependence on US payment systems, on the dollar […]