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Potential nominee to become a Fed governor wants to abolish cash and institute negative interest rates during next crisis

While President Trump prepares to fill numerous more positions at the central bank beyond those of Fed Chairman and Vice-Chairman, one of his potential nominees for a seat as a Fed Governor is an interesting anomaly.  First Marvin Goodfriend would be a departure from the last eight to seventeen years of Fed intervention in the markets outside of a full blown crisis, but on the other hand if a crisis should ...

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And then there were two in the race to become the next head of the central bank

On Oct. 26 a report surfaced that two of the four primary candidates to become the next head of the Federal Reserve have pulled out of contention, leaving front runner Jerome Powell and the hawkish economist John Taylor as the two most likely to fill the top positions at the central bank. Outgoing Fed Chairperson Janet Yellen was unlikely to retain her place at the head of the Federal Reserve when President ...

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Fed Governor spins more propaganda as Brainard blames income inequality over bank’s policies for declining growth

Perhaps it should come as no surprise that an individual who grew up in a Communist environment, and later became a favorite of the Obama administration, would blame income equality as the primary reason why the economy has not recovered much over the past decade.  But this is exactly what Lael Brainard, a member of the Federal Reserve Board of Governors, preached in a report on the current state of the eco ...

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Fed thankful for hurricane’s Harvey and Irma since it gives them cover for slashing Q3 GDP estimates

It's another fiscal quarter and another major downgrade of GDP estimates by the Atlanta Fed. The U.S. central bank loves to use whatever economic data models are available to justify their narrative while at the same time discounting or even discarding information that could interfere with desired monetary policies.  For example the Fed has pushed the theme of 'economic recovery' for years following their i ...

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Fed’s economic recovery: 78% of American households living paycheck to paycheck

It is already a proven fact that the Federal Reserve's so-called recovery was in the re-capitalizing of the banks and corporate entities through stock buybacks, and not for the citizens or general economy.  And added to this mix is the central bank's buying of the equity markets to ensure that their 'friends' were able to siphon off as much wealth as possible from the Middle Class. Yet within the propaganda ...

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It’s easy to keep the stock market at all-time highs when central banks are the ones buying stocks

The spectacular rise in stock prices since Donald Trump won the Presidential election last November has been nothing short of miraculous.  In fact, the moves in the Dow to both 21,000 and 22,000 were done in some of the shortest lengths in market history. But what is perhaps most interesting in all of this is how these moves were done with trading volumes being some of the lowest in many years... that is un ...

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Be very wary of all-time high stock prices as much of their volume is coming from direct central bank funding

Over the past 12 month, equity prices in the stock markets have soared to new all-time highs while insider selling continues to be a constant.  And despite the propaganda being tossed out by the mainstream business networks that purchases of equities are finally coming from 'money held on the sidelines', the reality is that the only thing propping up stocks is the record amount of money being printed by cen ...

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IRS to commission bounty hunters to try and find income tax avoiders

It appears that Dog the Bounty Hunter could one day make a comeback as the Internal Revenue Service (IRS) is planning on hiring civilian skip tracers to go after individuals who have failed to file tax returns, or who may owe taxes and fines. In a new policy established by the IRS, the government agency that often acts outside the law itself would see the use of bounty hunters to go after American citizens ...

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Besides the potential of progressive Supreme Court Justices should Hillary win, be very afraid of who she might choose for next Fed Chairman

There has been a great deal of rhetoric over the past year on how the current Federal Reserve Chairman has been using monetary policies in an attempt to mask the true nature of the economy in order to help Hillary Clinton win the Presidency.  But despite the fact that many within the Fed have given overwhelmingly to the Clinton campaign this election season, a scarier thought should be focused on who Hillar ...

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Pension funds now going full retard as they begin to sell options on equity holdings to earn yield

At the core of the nation's colossal debt bubble is of course the Federal Reserve, and their zero/negative interest rate and money printing policies that have destroyed many sectors in the overall economy. And one of the biggest victims of the Fed's capital destruction is without a doubt the multitude of local, state, federal, and private pension funds that require high returns on their investments, and whi ...

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CFR President acknowledges that America’s massive debt will lead to the end of the dollar as global reserve currency

While only a small number of Americans actually understand that the Council on Foreign Relations is one of many institutions that act as the 'power behind the throne' for the U.S. and other Western governments, what is most important for the people who reside in these nations under their control is when they publicly disclose policies or agendas that will play an important role for their futures.  And on Ap ...

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Everyone rushing to dump U.S. dollars as October sees decline of almost $150 billion

A new report came out on Dec. 15 from the U.S. Treasury Department showing the overall foreign holdings of U.S. Treasuries and dollar based reserve instruments.  And for the month of October, nearly $150 billion was divested from global accounts, and marks the biggest dumping of dollars in any month of this year. A combination of the acceptance and expansion of the Yuan currency, and the need for nations to ...

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