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Federal Reserve
05/06/2022
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By News Editors
It’s mid-2022 and the fed has still done nothing to fight inflation
It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2 percent inflation standard. Back in August, low inflation—not high inflation—was still perceived to be the “problem.” But things had certainly changed […]
05/03/2022
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By News Editors
US economy crashes headlong into recession
Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is two consecutive quarters of negative GDP change. (Article […]
05/02/2022
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By JD Heyes
The Fed is destroying the home mortgage industry as rate hikes due to ‘Bidenflation’ lead to 70 percent reduction in lending
There is a reason why our founders abhorred a strong federal government with its own bank: Allowing centralized control over the country’s financial system would lead to greed, ineptitude, and disaster. The Federal Reserve either refused to step in ahead of time or did not see the 2007 housing and financial collapse coming — either […]
04/22/2022
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By News Editors
David Stockman on inflationary hell that’s about to break loose
It is only a matter of time before Kiev surrenders to the Russians, with or without their clown-car president signing the armistice. But that deal will be so onerous from Washington’s perspective that it will not mark the end of the sanctions war, but will be an excuse for its actual intensification and indefinite prolongation. […]
04/18/2022
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By Mary Villareal
US inflation hits four-decade high, consumer prices increase by 8.5%
Inflation has hit a four-decade high in the United States. This means American consumers will be paying more for everything that they need, including food. From shipping prices to wholesale food costs, prices have gone through the roof. In the 12 months that ended in March, consumer prices increased by 8.5 percent – the highest year-over-year jump since […]
04/17/2022
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By Arsenio Toledo
Biden’s inability to control inflation makes him “worse than Jimmy Carter,” says Home Depot co-founder
Billionaire businessman and Home Depot co-founder Ken Langone has branded President Joe Biden a failure because of his inability to control rising inflation. In an an appearance on “Your World with Neil Cavuto” on Fox News, Langone said Biden is “worse than Jimmy Carter.” “This was a real serious case of inflation. We lost a whole year on addressing the […]
04/14/2022
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By Arsenio Toledo
Inflation surges by 8.5% to 40-year high, disproving White House claims it wouldn’t go higher than 2.2%
Despite the predictions of the White House that runaway inflation is on its way down, the latest report from President Joe Biden’s own Department of Labor shows that year-over-year inflation has surged to a new forty-year high of 8.5 percent in March. The consumer price index (CPI), which measures how much consumers pay for goods and services, last […]
04/06/2022
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By JD Heyes
IMF official warns Western sanctions on Russia are threatening the dollar as world’s reserve currency
Recently imposed economic and financial sanctions on Russia by the U.S.-led West after Vladimir Putin ordered the invasion of Ukraine are weakening the dominance of the U.S. petrodollar as the world’s reserve currency, according to a ranking International Monetary Fund official. IMF First Deputy Managing Director Gita Gopinath told The Financial Times last week that […]
04/05/2022
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By Kevin Hughes
America about to suffer as Federal Reserve struggles to battle inflation
The worst inflation in four decades has spurred the Federal Reserve to start a series of interest rate hikes. It’s not going to work. The plain truth is that the Federal Reserve doesn’t know how to battle inflation and America is about to suffer the consequences. With prices soaring at a pace not seen since the early 1980s, […]
04/01/2022
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By Ramon Tomey
Biden’s proposed TAX HIKES will lead to RECESSION, financial planner Carlos Cortez Jr. warns
Carlos Cortez Jr., the founder and president of Clearwater, Florida-based Cortez Wealth Management, joined former TruNews host Lauren Witzke to discuss the effects of President Joe Biden’s tax hikes in a recent episode of “The Stew Peters Show.” Cortez predicted two possible scenarios that both have recessions as their endgame. “Either [the Federal Reserve] continues to raise […]
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