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Archive for the tag “interest rates”
World Dumping U.S. Dollars?
Andy Schectman, President and Owner of Miles Franklin, discusses his thesis that the world is poised for a monetary reset, which would result in the BRICS having their own reserve currency, likely backed by gold, and how this goes hand-in-hand with de-dollarization trends that are currently unfolding.
He tells Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, how a ‘tsunami of inflation’ would ensue as dollars are repatriated to the United States, which would cause a corresponding ‘crash’ in asset prices as interest rates rise accordingly.
Wealth strategist Rebecca Walser predicts that tectonic shifts in the global financial system are going to produce dramatic shifts in wealth within in the US. Will you be left behind? More from Dinesh D’Souza.
Biden Economy A Dumpster Fire
With inflation rising out of control, the stock market catering and the Biden Administration now increasing the national debt by $1 trillion every few months, the American economy has turned into a dumpster fire.
Mike Adams dissects the financial gyrations of the administration and updates the FBI assault on Mike Lindell, plus more.
Financial Crisis Looming
With inflation barreling out of control, the Federal Reserve announced it expects to raise interest rates several times beginning later this year and into 2023. It’s a decision that doesn’t sit well with Rana Vig, CEO of Blue Lagoon Resources, who says jacking rates will devastate our economy.
“The reality today is, the government is in so much debt, it cannot raise interest rates,” Vig says. He says we’re now facing a $30 trillion deficit and, if interest rates only went up 5 percent, that would incur $1.5 trillion interest payments alone. “The U.S. government would become insolvent,” he says.
Meanwhile, World Alternative Media’s Josh Sigurdson reports that countless experts are running from fiat and getting into gold, silver and Bitcoin. There appears to be a significant monetary revolution happening. The question is, when will the boom happen? Here’s more with Sigurdson and Vig.
Stock Market Crisis
On Friday, February 2nd, 2018, Janet Yellen served her last day as Chair of the United States Federal Reserve, with Jerome Powell set to be sworn in as her replacement on Monday, February 5th, 2017. Under Yellen’s leadership, the Federal Reserve had planned three interest rate hikes in 2018 – decisions that would have a major impact on the world economy and the immediate future of the United States.
It didn’t take long for now-former Federal Reserve Chair Janet Yellen to speak publicly, and on Sunday February 4th, 2018, she commented on the current value of the stock market: “Well, I don’t want to say too high. But I do want to say high. Price-earnings ratios are near the high end of their historical ranges. If you look at commercial real estate prices, they are quite high relative to rents. Now, is that a bubble or is too high? And there it’s very hard to tell. But it is a source of some concern that asset valuations are so high.”
As new Federal Reserve Chair Jerome Powell was sworn in on Monday February 5th, 2018, the Dow Jones Industrial Average fell by almost 1,600 – about 6% – before recovering with a total decline of 1,179 points by the end of the day. All major indexes felt losses with the Nasdaq Composite falling by 3.8%, the S&P 500 decreased by 4% and the broad Russell 2000 dropped by 2.9%.
The uncertainly over future monetary policy decisions by incoming Federal Reserve decision makers (three vacancies at the Fed have yet to be filled by President Trump’s administration) and Yellen’s outgoing commentary unquestionably influenced the recent market drop – but the full story is far more complicated. Stefan Molyneux has more.
Our $20 Trillion Debt Crisis
Why are so many people upset about plans to raise and remove the United States debt ceiling and why was it created in the first place?
Peter Schiff joins Stefan Molyneux to discuss the history of the debt ceiling, the consequences of eliminating it, shocking U.S. debt interest payments, the U.S. dollar losing 12% of it’s value since the start of the year, outrage over price gouging during the recent hurricanes, the value of a college degree and America’s economic future.
Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairman of Schiff Gold.
