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Part 10: The Inflation Psychology Whirlwind

Part 10: The Inflation Psychology Whirlwind   Despite mounting evidence to the contrary, the Federal Reserve and Biden Administration continue to insist that inflation is “transitory.” In other words, they claim it is a temporary phenomenon caused by unique circumstances related to the economic recovery from the pandemic. So why is it important for the Federal Reserve to cling to a transitory view of rising prices when such an explanation appears increasing unrealistic? The answer is that they desperately want to avoid the adverse effects anticipated future inflation has historically had on economic activity. Therefore, the politicians in D.C. and [...]

By |2021-10-29T22:41:37+00:00October 28th, 2021|Categories: The Fed, Money & Debt|

Part 9: Inflation Blame-Shifting Continues

Part 9: Inflation Blame-Shifting Continues October 26, 2021 The reality of inflation has forced its way into our daily economic conversation. For months the official narrative of the Federal Reserve and our political leaders has been to reassure the public that there is no need to be overly concerned about rising prices. “Inflation is transitory,” they repeat confidently. “It is a temporary phenomenon of supply foul-ups and shortages caused by a booming recovery from the pandemic.” But actual inflation is not caused by supply chain problems. Rather, it is a monetary phenomenon caused by the excessive creation of new currency [...]

By |2021-11-12T01:58:52+00:00October 26th, 2021|Categories: The Fed, Money & Debt|

Part 8: Exposing the Government’s Inflation Narrative as Political Fraud

Part 8: Exposing the Government's Inflation Narrative as Political Fraud September 23, 2021 “Inflation is a disease, a dangerous and sometimes fatal disease, a disease that if not checked in time can destroy a society.” Milton Friedman[1] During the 1970s, politicians and government economists misled the American people about the root cause of the disastrous inflation plaguing the country. Presidents Nixon, Ford and Carter were all complicit. They blamed the existence of inflation primarily on the American people – price-gouging businesses raised prices, greedy employees demanded unreasonable wages, and spendthrift consumers drove up demand. A 1973 Time Magazine cover captured [...]

By |2021-09-23T11:21:00+00:00September 22nd, 2021|Categories: The Fed, Money & Debt|

Part 7: Inflation – True Cause, Not Glaring Symptoms

Part 7: Inflation – True Cause, Not Glaring Symptoms September 20, 2021 Until recently, the last significant bout of inflation suffered by the U.S. economy was in the 1970s. In 1971, President Richard Nixon reacted to a 5.8% inflation rate by imposing wage and price controls in an effort to break a rising wage and price cycle. Nixon presented his program to the American people as a way to stop the “price gougers,” and the public initially approved. But the ill-conceived project utterly failed to prevent the onset of stagflation (chronic unemployment and inflation). The controls were extended until 1973 [...]

By |2021-10-28T19:53:52+00:00September 20th, 2021|Categories: The Fed, Money & Debt|

Part 5: The Journey to Jekyll Island

Part 5: The Journey to Jekyll Island August 6, 2021 The fascinating account of the clandestine gathering of financiers at Jekyll Island as presented in The Creature from Jekyll Island by G. Edward Griffin is quoted directly… “The New Jersey railway station was bitterly cold that night. Flurries of the year’s first snow swirled around streetlights. November winds rattled roof panels and gave a long, mournful sound among the rafters. “It was approaching ten p.m., and in their hurry to board the train and escape the chill of the wind, few passengers noticed the activity at the far end of the [...]

By |2021-09-16T23:22:38+00:00August 6th, 2021|Categories: The Fed, Money & Debt|

Part 4: Secretive as any Conspirator

Part 4:   Secretive as any Conspirator July 31, 2021 Entering the 1910s, the baron industrialists and their sons had reinvented themselves as financiers. Making money would no longer occur in tandem with production, but would be an end unto itself.1 Due to the Panic of 1907, Wall Street and Washington were looking for a more “permanent solution to financial emergencies.”2 But despite any mutual concerns, the major New York banking houses “wanted such a mechanism to be established on their terms.”3 In typical fashion, Congress responded to the public outrage directed at the bankers by setting up a “bipartisan National Monetary Commission to [...]

By |2021-09-15T14:06:23+00:00July 31st, 2021|Categories: The Fed, Money & Debt|

Part 3: How We Got Here – the Panic of 1907

Part 3: How We Got Here – the Panic of 1907 April 14, 2021 In 1907, a small group of wealthy speculators attempted to corner the U.S. copper market, but their plan backfired. The price of United Copper stock crashed and their loans were called. They didn’t have the cash, so they were forced to sell additional securities. This caused a drop in the overall market spooking other investors who joined the selling. To compound the problem, one of these men was president of a bank and two of the other copper speculators were directors. (These men were involved in [...]

By |2021-09-15T13:50:59+00:00April 14th, 2021|Categories: The Fed, Money & Debt|

Part 2: America’s Economic Fate Is Now Being Decided

Part 2: America’s Economic Fate Is Now Being Decided April 9, 2021 Wow! With breath-taking speed, the economic reaction to the Covid pandemic was mind-boggling. From Donald Trump to Joe Biden, from trillion dollar stimulus packages to unending Federal Reserve liquidity, the scope of the response has been without parallel. The world’s economic engine sputtered from forced lockdowns and massive unemployment. Trillions of dollars were borrowed from the future, piled on top of mountains of previous debt. Interest rates were cut to zero, and national governments and their central banks flooded the world financial system with newly created currency. Before [...]

By |2021-09-15T13:36:16+00:00April 9th, 2021|Categories: The Fed, Money & Debt|

Part 1: The Battle for America’s Economic Future

Part 1:  The Battle for America’s Economic Future February 24, 2021 For over a hundred years, the concentration and control of our nation’s wealth by the elites of government and finance has eroded the prosperity and personal freedom of those living in America’s heartland. During this period of time, Middle America grew weary of watching the wealth of the “1%” seemingly grow without limit. IN 2016, working families showed they no longer believed that the flow of their money, jobs and factories out of the country was either necessary, inevitable or somehow to their benefit. Communities and small towns were [...]

By |2021-09-15T13:41:18+00:00February 24th, 2021|Categories: The Fed, Money & Debt|