Federal Reserve Chairman Jerome Powell believes that there is no need for cryptocurrencies if there is a digital dollar. "I think that's one of the stronger arguments in its favor," he said.
If Americans only understood the corruption surrounding money, and the enormous greed in the financial sector of the American economy, they would understand how money is being stolen from them and other Americans not just by sleight of hand, but also
The S&P 500 closed last week at an all-time record high. This is quite a reversal from the previous week. In his podcast, Peter Schiff said there has been a shift in expectations.
"...interesting in that the Democrats are the ones that are trying to play down the inflation fears. They're the ones that are trying to agree with Powell and reiterate the fact that everything is transitory..."
BlackRock has over $9 trillion in assets under management, and says its clients will double their ESG (Environmental, Social, and Corporate Governance) "impact investments" in just five years.
Last week, the Federal Reserve announced it will maintain an interest rate target of zero to 0.25 percent for the rest of 2021. The Fed said it will also continue its monthly purchase of 120 billion dollars of Treasury and mortgage-backed securities.
While it received far less attention that the Fed's dot plot, the only thing that the Fed actually did change yesterday were its administered rates, as it raised the rate on its overnight Reverse Repo facility from 0% to 0.05% and the rate on excess
One day after the shockingly hawkish Fed admitted that inflation is not, in fact, transitory as so many clueless propaganda hacks would want everyone to believe...
And why should anyone believe the Fed? Inflation has been soaring, yet the Fed has been completely dismissive of it, claiming that inflation is 'transitory', i.e. it's a temporary phenomenon that will eventually stop.
Feeding fairy tales to American citizens is the modus operandi of Washington D.C. The latest on the economic front is a real doozy. When the (unconstitutional) Fed counterfeits dollars, it ultimately results in a rise in prices for goods and services