The Federal Reserve raised the interest rate one-quarter of a percent. In response, the US dollar dropped by 1%, gold rose a bit, and stocks skyrocketed. Debt is soaring while the GDP is falling, which is the forerunner of inflation and depression at the same time. Ron Paul predicts that the Fed will not allow liquidation of bad debt to restore value to the monetary system and it will not re-institute the gold standard. Instead, it will follow the Japanese model with the same result. He also predicts that Trump’s budget will dramatically increase military spending, but his proposed cuts will not come to pass. –GEG
List your service, product, or request here and reach our informed and motivated readers each month. Ads with greatest seniority appear at the tops of their listings. New ads carry a pointer during their first month. For rates and terms, click here.
The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.
UK: The central bank (Bank of England) pressured commercial banks during the 2008 financial crisis to alter their settings for LIBOR (the London Interbank Offered Rate), which is the rate at which banks lend their reserves to each other. […]
Ron Paul analyzes President Trump’s first speech before Congress from a Libertarian perspective and gives him an A- grade for his goals but an F for his methods to achieve them. For example, Trump wants to spend $1 trillion on infrastructure, but there is no money available for that, so it is likely that he will depend on the Federal Reserves to simply print it, leading to more debt and inflation. Paul said that cutting corporate taxes is a great idea, but that spending must also be cut, otherwise, there will be disaster. One of the primary purposes of a just state is to protect liberty, and Paul was disappointed that Trump did not mention liberty in his speech. […]