Archive for the ‘Interest rates’ Category

The Rocky Road of a Trump Presidency

14 Nov

“Is a real civil war possible?”

Source: Doug Casey on Why Trump Came Out on Top

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Posted in Business cycle, Crony capitalism, Debt, Donald Trump, Economy, Interest rates, Warfare state, Welfare state


Trump’s Missed Opportunities… Hillary’s left-wing agenda and warmongering

20 Oct

Since it’s midterm time let me give each candidate a letter grade for last night’s debate performance. Donald gets a B- and Hillary gets her usual F, for her collectivist ideology, trickle-down economics, and continued warmongering.

Donald missed several opportunities to hit a grand slam for the night, which would’ve turned his performance into an A+. Let me explain.

Read the rest of this entry »


Bull or bear market ahead?

17 Oct

“Last Monday, I discussed why you should be worried about corrections due to the damage inflicted upon your investment capital and the time required to “get back…”

Source: Past Is Prologue: New Secular Bull Or A Repeat Of The 70’s | RIA

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Posted in Business cycle, Debt, Economy, Federal Reserve, Interest rates, Stock market


Stockman’s new book, Trumped, reviewed by Justin Raimondo

17 Oct

I have started reading David Stockman’s new book last week.  It is everything Raimondo says it is.  Read it.  

“I have to admit to being alternately puzzled and depressed that I seemed to be the only libertarian with a major public platform to take a nuanced view of Donald Trump. After all, many of his foreign policy positions echo the libertarian critique of our interventionist foreign policy – and his enemies are, in large …”

Source: Trumped! – Original by —


The importance of free-market interest rates

15 Oct

“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” Thomas Sowell

Source: Interest Rates and the Marshmallow Test | Mises Wire

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Posted in Banks, Business cycle, Central banks, Economy, Federal Reserve, Free markets, Interest rates


The insiders are at it again…

15 Oct

“The Gold Manipulators Will Be Punished By Egon von Greyerz The selling of gold we saw last week was another desperate attack by the BIS and some central banks, together with the bullion banks, to…”

Source: The Gold Manipulators Will Be Punished | Matterhorn – GoldSwitzerland

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Posted in Banks, Central banks, Crony capitalism, Free markets, Gold, Interest rates, Money


The three bubbles

13 Oct

“The chaos that will arise as trillions of dollars, yen, yuan and euros, etc. try to crowd through the fire exits as the asset bubbles pop will be monumental, and the spikes in small asset class prices as the hot money floods in will be equally monumental.”

Source: Where Will The Money Go When All Three Market Bubbles Pop?


The anti-people central bankers

13 Oct

“The media has again begun focusing on the fact that most Americans surveyed have less than $1,000 in their savings accounts.”

Source: Thanks to Central Banks, Saving Rates Are Declining Worldwide | Mises Wire

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Posted in Banks, Business cycle, Central banks, Federal Reserve, Free markets, Interest rates


Maybe Fed officials were talking about the election off the record to each other at the water cooler.

13 Oct

“The November election apparently was not a discussion topic during the central bank’s September meeting.”

Source: Sorry, Donald Trump, but the Fed isn’t talking politics

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Posted in Federal Reserve, Interest rates, Presidential campaign


Open memo to Donald Trump

10 Oct

To:  Donald Trump

From:  Murray Sabrin

At last night’s debate you missed an opportunity to make the case that income inequality, reoccurring bubbles and lower living standards for both low and middle-income families are the direct result of the Federal Reserve’s monetary policies.

At the next debate you should spend most of the night talking how the Federal Reserve has caused havoc in the US economy since it began operations in 1914.

You should take out a one-dollar bill and point out that it’s only worth a nickel today, because the Fed’s monetary policy has caused a massive decline in the purchasing power of the greenback.

You should also point out that the Fed’s manipulation of interest rates causes unsustainable booms, and when the economy overheats the Fed tightens credit triggering the inevitable readjustment in the economy, now euphemistically called a recession.

You should also point out that Hillary Clinton’s support of the Federal Reserve means that she endorses the massive redistribution of income from Main Street to Wall Street, because savers have been getting virtually zero interest rates on their savings since quantitative easing began in 2008.  Wall Street is the epicenter of crony capitalism in America.

You should point out that Hillary probably told the bankers in her secret presentations that when she becomes president the Fed will continue to keep the money flowing so they can reap enormous benefits from its cheap money policies.

You should also point out as you have in the past that the bubble we are in courtesy of Ben Bernanke and Janet Yellen will not end well for the US economy.

You should say when I’m president don’t blame me for the next economic downturn, which will be caused again by the Fed’s reckless monetary policies. Recessions are not caused by tax cuts, spending cuts, or deregulation of American businesses.

And point out that the Federal Reserve enables the federal government to take on massive amounts of debt because it keeps interest rates low thereby reducing the Treasury’s interest rate expenses on the national debt.

And this is quite important Donald that you point out, the Federal Reserve makes it easy for the federal government to wage undeclared wars by pumping up the money supply to help pay for the massive military industrial complex we have that Pres. Eisenhower warned us about in his farewell address in January 1961.

Donald, if you want to brush up on the Fed and monetary policy, here are a few suggestions for you to read before the next debate so you will have all the necessary responses to the moderators and Hillary’s cluelessness about how the Fed’s policies adversely affect the economy.

See the essays, articles and books about the Fed here.

I would start with Murray Rothbard’s What Has Government Done to Our Money?, and Robert Wenzel’s The Fed Flunks.

Pointing out the truth about the Federal Reserve, Wall Street and crony capitalism would seal the deal.  And you know all about dealmaking.



Out of the blue?  

08 Oct

“Here are nine ‘black swan’ events in recent memory that profoundly changed markets, ranging from the Asian financial crisis of 1997 to the more current Brexit.”

Source: Black Swans: 9 Recent Events That Changed Finance Forever


How big will the next one be?

08 Oct

Source: The Next Recession Looms Large | Euro Pacific Capital

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Posted in Banks, Business cycle, Central banks, Economy, Federal Reserve, Inflation, Interest rates


Here we go again. 

08 Oct

The inevitable consequences of printing money and manipulating interest rates.  

“Hardly anyone will do this.”

Source: The Coming Recession: Blame the Federal Reserve, Not the President

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Posted in Banks, Business cycle, Economy, Inflation, Interest rates


My Sept. 27 interview about Trump, Clinton and presidential politics

29 Sep

“As we have seen in the past 4 years and all throughout history, socialism doesn’t work. Quite frankly most of us understand the principle of redistribution of wealth is a robinhood effect. 6 years after the…”

Source: We’re Back! What’s Life Like Under A Trump Presidency


David Stockman’s spot on analysis

25 Sep