Paving the way for Hillary?
“Vocal adversary of President Donald Trump and his family’s need for security around Trump Tower in Manhattan, New York City Mayor Bill de Blasio, will reportedly have a more pressing issue to answer to: A meeting with Feds over alleged City Hall corruption.”
Source: Report: Feds to Question NYC Mayor in ‘Pay for Play’ Probe
Finished reviewing Greenspan’s autobiography, and what sticks out is that as Federal Reserve chairman he testified in Congress about taxes and spending as much as he spoke about monetary policy. The Fed chairman does not have any responsibility to deal with budgetary issues, but presidents of both parties and members of Congress wanted his input about the federal government’s finances.
Although Greenspan considers himself a libertarian Republican, you could not tell from his actions as Fed chairman for nearly 19 years and his comments about taxes and spending, especially as he is the author of the 1966 essay, Gold and Economic Freedom. I will have more to say about Greenspan’s tenure at the Fed in my book.
“The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars. Is this just a coincidence? As you will see, there has been a very close correlation between the national debt and the Dow Jones Industrial Average for a very long time. For example, when Ronald Reagan took office in 1991, the U.S. national debt had just hit 994 billion dollars and the Dow was sitting at 951. And as you can see from this chart by Matterhorn.gold via David Stockman, roughly that same ratio has held true throughout subsequent presidential administrations… During the Clinton years the Dow raced out ahead of the national debt, but an “adjustment” during the Bush years brought things back into line. The cold hard truth is that we have been living way above our…”