The Federal Reserve has pursued the unprecedented monetary policy of lowering rates to zero and increasing their portfolio from 500 billion to over 4 trillion. But as the Fed reminds us, there is a cost.
Just look at all the government and private debt accumulated on balance sheets around the globe for the last decade, and tell me with a straight face a) this is sustainable, and b) doesn`t have severe consequences.
"We're on record as stating how unproductive, foolish and dangerous the recent liberal protests have been, and that’s before you even bring the hypocrisy factor into play. But a liberal protest against Senator Chuck Schumer (D-NY)? That is taking hypocrisy and idiocy to a whole ‘nother level."
Last week a new phrase was introduced into our lexicon by Trump Adviser Kellyanne Conway. When asked about why press secretary Sean Spicer had made statements that were (according to the press) unverifiable she said that he had used ‘alternative facts’.
Most of the world is in an uproar right now over the travel ban that Donald Trump hastily imposed late last week on citizens of seven predominantly Muslim countries. But there was another ban that was quietly proposed last week, and this one has far wider implications...
"One of the most amazing features of this color revolution against Trump is the fact that those behind it don’t give a damn about the damage that their war against Trump does to the institution of the President of the United States and, really, to the United States as a whole. That damage is, indeed, immense and the bottom line is this: President Trump is in immense danger of being overthrown and his only hope for survival is to strike back hard and fast."
President Trump is set to unveil three new executive orders at 3pm on Saturday which according to the White House press pool will include an order to reorganize the National Security Council's procedures and structure, an order to make the White House's NSC more adaptive to cyber threats, and will also seek a Joint Chiefs plan to defeat the Islamic State.
The Central Bank Strategy seems to be to just dance until the music stops, and Come What May when the shit hits the fan. Well in my book, that isn`t going to cut it after the financial crisis of 2008...
After coming out of a 2016 Presidential election cycle in which one candidate was the subject of multiple federal investigations related to illegal pay-to-play activities as well as the illegal destruction of federal records subject to a Congressional subpoena, perhaps it shouldn't be so shocking that the United States ranks 18th on Transparency International's 2016 "Corruption Perceptions Index."
The growth of US military power has rarely, if ever, been the result of legitimate concerns about defensive strategy, let alone about the national welfare. Instead, it’s more often a consequence of a waste, corruption, and imperial ambition that together have produced the modern military-industrial complex.