It’s not hard for us to imagine what might happen if Donald Trump were to have direct control of Fed policy. He’s already said the Fed should cut rates by 300 basis points.
A pause today to honor one of the greatest voices of our time and probably the last of the great Italian torch singers, Connie Francis. She is the embodiment of John Keats' "A thing of beauty is a joy forever." Best always. PM
She was fabulous; her voice was golden. She was in love with Bobby Darin, but her strict Italian family did not approve so the union did not happen. Then she had a tragedy involving the Holiday Inn; that was a psychological disaster for her. She was never the same after that. What a loss; a treasure. AP
Bongo Bill gives us another column demonstrating his severe case of TDS. Is Powell right about interest rates or Trump? Powell or Trump? Powell or Trump? How about this, Bill - how about writing a column where you advocate for eliminating the FED and let the free market determine interest rates? Wouldn't that be a little groundbreaking for you. Then we wouldn't have to worry about Powell or Trump as neither would have any influence. And you wouldn't have to make up your garbage scenario involving Powell and Trump.
I'm not so certain as you appear to be that BB suffers severe TDS I believe he has led you to come to the correct conclusion which is that neither the Fed nor DJT have the fainest clue as to what the rate should be and that only the market will ultimately decide what it should be.
Shut down the Fed with its mythical and magical powers and let the market decide.
Bonner claims to be against phony money but seems to love the Central Banksters who create it out of thin air. Seriously, if it’s all just fake money, why does Bill care about the “interest” rates? His arguments are getting extremely circular. I’m just a schmuck out here trying to figure it all out. I’m sure I’m probably missing something
Neither Powell nor Trumpanyaho have a clue as to what the interest rate should be. Fact is there's a boatload of old and new debt that needs to be sold. They can't screw over their creditors if the market is allowed to set the rates. Sovereign debt crisis here we come :-)
Craig, nothing to worry about. There is Trump, our King, ready to right the ship with a new crypto currency. What possibility could go wrong? as Forrest muttered - "Stupid is as Stupid does".
Corporate, government and consumer debt are at all time highs. So lower interest rates are needed to keep the bubbles inflated. No need to take our medicine, just kick the can down the road to future generations. Back in the 80s I listened a radio talk show host named Harry Gross in Philadelphia respond to a recently widowed women in financial trouble. Her husband died leaving her a boatload of debt. Harry said "Your husband didn't die, he absconded". That's basically what we are doing to future generations of Americans.
Yep, Randall, that is all us peons/minions can do. R E L A X ! We have almost no voice in the matter. The government will do what it wants to do. Those bought and paid for will do what they were bought and paid for. Aaron Rodgers was right - there are times you can do nothing once you are prepared for the inevitable......just wait and watch!
The human tendency is to blame a group or person but the republic is dying the death of a thousand cuts. Federal government is unrecognizable from what the founders designed. Best be prepared now for the inevitable.
Do you think the founders would have bothered with a revolution if they could have forsaw what happened to the US? Foreign entertainments, huge national debt, more intrusive and larger federal government, etc.
Yes, I have to believe they fought the revolution primarily to throw off the yoke of British tyranny. The Constitution was crafted only after victory and, afterward, some framers expressed views that the republic would be difficult to sustain. What has transpired over the last 150 years is an example of entropy in action.
But if they had known our present day federal government was their spawn why bother fighting for it. Our government makes the Brits look like pikers when it comes to intrusions in our lives. A saw a clip of a former DARPA chief talking about how in the future not only will the NSA be able to read all our communications but their working on being able to read our minds. Trump's boy, Larry Ellison, says the Stargate project will have control of all our medical records. And the beat goes on.
Bill, a bit cynical but probably not far off; not that my review matters a tinkers damn. Much like others have noted in the comments section, I'm a fan of ending the Fed: probably won't ever happen. The mental artifice of "controlling outcomes" with a cabal of private banks is too seductive for the DC power mongers to release. Much like Melville .. "..from Hell's heart, I stab at thee! For hate's sake, I spit my last breath at thee!". DC folks and Banking power brokers would rather go down with the ship.
Get rid of the department of energy, dept of education and the fed. That would be a good starting point. Then demand a cut of 10% to all government agencies. Then from that point on no increases of ANY department budget. All monetary increase should be frozen. No B.S. of cutting spending; according to government cutting spending means having less of a budget increase. I believe the majority of the population do not trust government.
A pause today to honor one of the greatest voices of our time and probably the last of the great Italian torch singers, Connie Francis. She is the embodiment of John Keats' "A thing of beauty is a joy forever." Best always. PM
https://www.youtube.com/watch?v=oa42Nm7a4UA&list=RDoa42Nm7a4UA&start_radio=1
Nice!
Thank you Paul. Recess, Like.
What a talent she was. Her prime was America's prime. Her talent was her gift to all. Best always. PM
Paul
She was fabulous; her voice was golden. She was in love with Bobby Darin, but her strict Italian family did not approve so the union did not happen. Then she had a tragedy involving the Holiday Inn; that was a psychological disaster for her. She was never the same after that. What a loss; a treasure. AP
Bongo Bill gives us another column demonstrating his severe case of TDS. Is Powell right about interest rates or Trump? Powell or Trump? Powell or Trump? How about this, Bill - how about writing a column where you advocate for eliminating the FED and let the free market determine interest rates? Wouldn't that be a little groundbreaking for you. Then we wouldn't have to worry about Powell or Trump as neither would have any influence. And you wouldn't have to make up your garbage scenario involving Powell and Trump.
Amen to that brother John. End the Fed!
I'm not so certain as you appear to be that BB suffers severe TDS I believe he has led you to come to the correct conclusion which is that neither the Fed nor DJT have the fainest clue as to what the rate should be and that only the market will ultimately decide what it should be.
Shut down the Fed with its mythical and magical powers and let the market decide.
Bonner claims to be against phony money but seems to love the Central Banksters who create it out of thin air. Seriously, if it’s all just fake money, why does Bill care about the “interest” rates? His arguments are getting extremely circular. I’m just a schmuck out here trying to figure it all out. I’m sure I’m probably missing something
Yes John, the swamp is so deep even Bill sports a life jacket…as he floats deep in the 💩💩💩
And criticizes America from his overseas homes.
Damn pesky swamp creatures 👹
Criticizing your country from abroad used to be equated with treason but I don’t guess that thought never enters Bonner’s fevered mind!
Not sure what happens next. But this is what will happen eventually:
https://jdbreen.substack.com/p/the-road-to-weimerica
Neither Powell nor Trumpanyaho have a clue as to what the interest rate should be. Fact is there's a boatload of old and new debt that needs to be sold. They can't screw over their creditors if the market is allowed to set the rates. Sovereign debt crisis here we come :-)
Craig, nothing to worry about. There is Trump, our King, ready to right the ship with a new crypto currency. What possibility could go wrong? as Forrest muttered - "Stupid is as Stupid does".
Corporate, government and consumer debt are at all time highs. So lower interest rates are needed to keep the bubbles inflated. No need to take our medicine, just kick the can down the road to future generations. Back in the 80s I listened a radio talk show host named Harry Gross in Philadelphia respond to a recently widowed women in financial trouble. Her husband died leaving her a boatload of debt. Harry said "Your husband didn't die, he absconded". That's basically what we are doing to future generations of Americans.
Are you ready: "Hey everyone: Take a deep breath and R E L A X ! " Nothing like a nice, deep calming breath as Aaron Rodgers once recommended.
Yep, Randall, that is all us peons/minions can do. R E L A X ! We have almost no voice in the matter. The government will do what it wants to do. Those bought and paid for will do what they were bought and paid for. Aaron Rodgers was right - there are times you can do nothing once you are prepared for the inevitable......just wait and watch!
Trump = Juan Peron and the US is headed down the Argentine way. We’ll probably have a “new dollar” at some point.
The human tendency is to blame a group or person but the republic is dying the death of a thousand cuts. Federal government is unrecognizable from what the founders designed. Best be prepared now for the inevitable.
Do you think the founders would have bothered with a revolution if they could have forsaw what happened to the US? Foreign entertainments, huge national debt, more intrusive and larger federal government, etc.
Yes, I have to believe they fought the revolution primarily to throw off the yoke of British tyranny. The Constitution was crafted only after victory and, afterward, some framers expressed views that the republic would be difficult to sustain. What has transpired over the last 150 years is an example of entropy in action.
But if they had known our present day federal government was their spawn why bother fighting for it. Our government makes the Brits look like pikers when it comes to intrusions in our lives. A saw a clip of a former DARPA chief talking about how in the future not only will the NSA be able to read all our communications but their working on being able to read our minds. Trump's boy, Larry Ellison, says the Stargate project will have control of all our medical records. And the beat goes on.
C’mon man, the Brits are throwing people in prison for tweets. And the CIA ain’t got much over MI6.
Yeah, I wouldn't use the Brits as an example haha!
Bill, a bit cynical but probably not far off; not that my review matters a tinkers damn. Much like others have noted in the comments section, I'm a fan of ending the Fed: probably won't ever happen. The mental artifice of "controlling outcomes" with a cabal of private banks is too seductive for the DC power mongers to release. Much like Melville .. "..from Hell's heart, I stab at thee! For hate's sake, I spit my last breath at thee!". DC folks and Banking power brokers would rather go down with the ship.
Get rid of the department of energy, dept of education and the fed. That would be a good starting point. Then demand a cut of 10% to all government agencies. Then from that point on no increases of ANY department budget. All monetary increase should be frozen. No B.S. of cutting spending; according to government cutting spending means having less of a budget increase. I believe the majority of the population do not trust government.