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Federal Reserve’s Latest Bailouts More Proof Bad Times Ahead

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Since September 17, the Federal Reserve Bank of New York has pumped billions of dollars into the repurchasing (repo) market, the first such intervention since 2009. The Fed has announced that it will continue to inject as much as 75 billion dollars a day into the repo market until November 4.
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Impeachment…or CIA Coup?

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You don’t need to be a supporter of President Trump to be concerned about the efforts to remove him from office. Last week House Speaker Nancy Pelosi announced impeachment proceedings against the President over a phone call made to the President of Ukraine. According to the White House record of the call, the President asked his Ukrainian counterpart to look into whether there is any evidence of Ukrainian meddling in the 2016 election and then mentioned that a lot of people were talking about how former US Vice President Joe Biden stopped the prosecution of his son who was under investigation for corruption in Ukraine.

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Will More US Troops in Saudi Arabia Make America Great?

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President Trump deserves credit for resisting the war cries from neocons like Sen. Lindsey Graham and Secretary of State Mike Pompeo after last week’s attack on two Saudi oil facilities. Pompeo was eager to blame Iran because he wants war with Iran and anything that can trigger such a war is fine with him. So he put the president in a difficult spot by declaring Iran the culprit: suddenly the president’s options in the media and in Washington were limited to “how to punish Iran.”
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Will Trump Take Neocon Bait and Attack Iran Over Saudi Strike?

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The recent attacks on Saudi oil facilities by Yemeni Houthi forces demonstrate once again that an aggressive foreign policy often brings unintended consequences and can result in blowback. In 2015 Saudi Arabia attacked its neighbor, Yemen, because a coup in that country ousted the Saudi-backed dictator. Four years later Yemen is in ruins, with nearly 100,000 Yemenis killed and millions more facing death by starvation. It has been rightly called the worst humanitarian catastrophe on the planet.
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Bill Dudley’s Noble Lie

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Former Federal Reserve official Bill Dudley’s recent op-ed calling for the Federal Reserve to implement policies that will damage President Trump’s reelection campaign states that such action would be unprecedented. Dudley claims the Federal Reserve bases its policies solely on an objective evaluation of economic conditions. This is an example of a so-called noble lie — a fiction told by elites to the masses supposedly for the people’s own good, but really designed to maintain popular support for policies that benefit the elites. Dudley’s noble lie is designed to bolster a rapidly (and deservedly) eroding trust in the Federal Reserve. The truth is the Federal Reserve has always been influenced by, and has always tried to influence, politics.
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Who Are The Real Extremists?

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The recent mass shootings in El Paso and Dayton have re-ignited efforts to pass “Red Flag” laws, which allow the government to take away a person’s guns without due process, and expanded background checks on those wishing to purchase a gun. Some supporters of these measures acknowledge they would not have prevented the Dayton and El Paso shootings, but they think the government must “do something,“ even if that something only makes it more difficult for average Americans to exercise their Second Amendment rights.
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Are Recessions Inevitable?

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Stocks fell last week following news that the yield curve on Treasury notes had inverted. This means that a short-term Treasury note was paying higher interest rates than long-term Treasury note. An inverted yield curve is widely seen as a sign of an impending recession.
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Endgame for the Fed?

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The Federal Reserve, responding to concerns about the economy and the stock market, and perhaps to criticisms by President Trump, recently changed course on interest rates by cutting its “benchmark” rate from 2.25 percent to two percent. President Trump responded to the cut in already historically-low rates by attacking the Fed for not committing to future rate cuts.
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Congress Spending Surge is National Suicide

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With a national debt approaching $23 trillion and a trillion dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two year budget that has the United States careening toward catastrophe. While we cannot say precisely when the economic crash will occur, we do know that it is coming. And last week Congress pounded down on the accelerator.
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