The stock market has been rocked ever since the October 3rd speech by Jerome Powell, Chairman of the Federal Reserve, when he promised to continue hiking interest rates. The stock market has dropped by 4,500 points, and over $5-trillion has been erased from US equity values. . The Fed lowered interest rates to 0% for the Obama Administration and kept them there for the first seven, with the exception of a increase of 0.25% in late 2015. By contrast, interest has been raised eight times since Trump was elected. The increase now stands at 2.25%. . Critics believe that the US banking’ cartel (known as the Federal Reserve) does not want Trump to be re-elected in 2020 and has been incrementally raising interest rates to put an end to a rising economy under Trump. The new rates of interest introduced by Powell added $500-billion to the federal government’s annual debt that now stands at $21.8 trillion. Treasury Secretary Steven Mnuchin wrote that Trump said he will not fire Chairman Jay Powell. . [Of course not. The Fed has more power over the President than the President has over the Fed. For details, see Creature from Jekyll Island; A Second Look at the Federal Reserve.] -GEG
The Fed and its Head – Jerome Powell – have increased rates so much since President Trump’s election that they have added $500 billion to the annual budget in interest payments alone. This annual payment is 100 times greater than the one time payment of $5 billion that President Trump is requesting for border security.
Who says the Fed is an independent agency and not biased? Just look at the Fed’s rate increases this century and this all falls apart. The Fed lowered interest rates to 0% for the Obama Administration and kept these rates at 0% for the first 7 of Obama’s year in office. Finally, the Fed increased the interest rates 0.25% in late 2015 for the only increase during Obama’s Presidency up to the 2016 election.
After President Trump won the November 2016 election, the Fed began a steady program of increasing interest rates. This program continues to this day and in total the Fed has increased rates 8 times since Trump won the Presidency. The rates now stand at 2.25% and as a result of these horrible and political policies, the Trump economy and Americans’ 401(k)’s are being diminished.
Unfortunately, if you cut engine power too far on a jetliner, it will stall and drop out of the sky.
On Wednesday, December 19, despite the numerous market-based alarms that were sounding in the cockpit, Chairman Powell and his co-pilots on the FOMC voted to raise the Fed Funds rate to 2.50%. This sucks more dollars out of the economy at a time when the world demanding more dollars – thanks to Trump’s Tax cutting and deregulation policies.
Chairman Powell has been entirely tone deaf to the financial markets he seeks to protect. The Dow Jones Industrial average, which had risen by 382 points on hopes that the Fed would listen to President Trump and stop cutting power, plunged by 895 points after the 2:00 PM announcement, and closed the day down 352 points (1.49%). Poof, trillions of dollars of wealth vanished.
Since its peak on October 3, which, not coincidentally, was right after Chairman Powell gave a speech suggesting that the Fed might be through tightening money, the Dow has fallen by more than 3,500 points [now 4,500]. Market fears about his bad judgment have cut the value of all U.S. stocks by about $4.5 trillion, which is enough to buy 16,000 Boeing 787 Dreamliners.
The Fed economists use twisted logic that the economy is “strong enough” to absorb the rate hikes – which is simply an admission that their policy will slow growth.
Councillor Graeme Campbell of the Scottish Conservatives party, says his wife’s car was doused with accelerant and torched just feet from where they slept, and if not for a passing neighbor alerting them to the growing fire, the damage could have been far worse or fatal.
Over the past seven months, apprehensions of border crossers in California’s El Centro sector rose 383%, which includes 293,000 unaccompanied children and people traveling in families. Migrants are now being bused into San Bernardino.
The two-year old video was leaked to leftist German newspapers just a week ahead of the European Union elections in which far-right and populist parties are expected to do well. But, now, all of the FPÖ ministers have resigned. Austrian Chancellor Sebastian Kurz will face a no-confidence vote on Monday
Ben Carson said that Section 214 of of the Housing Community Act of 1980 states that the Secretary of HUD is prohibited from providing housing assistance to people living in the US illegally. Congress is pressuring Secretary Carson to actually break the law.
The continued use of glyphosate as a pre-harvest drying agent is contaminating America’s food supply with a known cancer-causing chemical. The EPA has known this for a long time, so the purpose of the march is to create publicity that will create public pressure to force the agency to do what it is supposed to do.
Approximately 500 undocumented African migrants stormed Terminal 2 of the Charles de Gaulle airport. A leader of the group was heard yelling into a loudspeaker that France does not belong to the French and that everyone has a right to live there.
Professor Ronald Sullivan will no longer be faculty dean of Winthrop House. The reason is that the professor was part of the legal team defending former movie mogul, Harvey Weinstein, whose downfall helped launch the #MeToo movement.
His arrest record includes two drunk-driving incidents, domestic assault against his girlfriend, and criminal trespass. In spite of this record, police never reported him to immigration authorities. That’s because not reporting illegal aliens who commit crimes has been the official policy in numerous cities in Texas.
When she was elected to Congress six years ago, the new candidates were separated between the two parties and she was told to vote only for bills that strengthen the Democrat party and reject all bills proposed by Republicans.
Jake Morphonios, a featured speaker at the upcoming Red Pill Expo, interviews G. Edward Griffin, creator of the Expo, who explains the origin and purpose of the upcoming event. It’s much more significant than you might think.
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Offline is a documentary on the inevitability of the Earth being slammed by a mega solar flare – not the common type that interrupts communications and creates a light show in the Northern skies – but the big brothers thousands of times more powerful. These monsters deliver enough energy to blow apart the master transformers that supply the planet’s energy grids. When that happens, the lights go out for longer than anyone wants to think about. These X-Class solar storms hit the Earth every 150 years, on average. The last one arrived 156 years ago. We are overdue (More)
Ten Days at Jekyll Island, a novel by Patrea Patrick, tells the true story of a secret meeting held in November of 1910 on a privately owned resort island, the outcome of which drastically changed the world. It was at this meeting that a banking cartel was forged; a cartel that, three years later, would be issued a government charter to do business as The United States Federal Reserve System. You will discover why secrecy was essential. Based on historical documentation from The Creature from Jekyll Island by G. Edward Griffin. (More)
The Federal Reserve has hiked interest rates three times since Trump was elected, but only once during Obama’s eight years. This has led to the suspicion that the Fed is trying to undermine Trump’s economic programs and his voter support.