federal reserve

The truth behind the Fed’s billion-dollar losses & lack of oversight

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Fed Losing $100B a Year, Needs Accountability

Fed Losing $100B a Year, Needs AccountabilityEric Mack – The uprooting of waste, fraud, and abuse by the Trump administration has made its way to the Federal Reserve and potential ethics violations of myriad board members, according to Treasury Secretary Scott Bessent.

“The Fed is now losing $100 billion a year – $100 billion with no accountability,” Bessent told Newsmax’s “Rob Schmitt Tonight” last week when asked about the investigation opened into Federal Reserve Chair Jerome Powell. “We had the worst inflation in 49 years. Continue reading →

Ed Dowd: Fake Jobs, Housing Collapse & a Deep Recession Ahead [Video]

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Beginning of Panic Rate Cut Cycle

Beginning of Panic Rate Cut Cycle Greg Hunter – Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com had a storied Wall Street career. He got out of Enron and Lucent long before they crashed and burned. A few of the many other more recent correct calls Dowd has made include: interest rates topping and heading lower (they did), housing tanking and going lower (happening now), massive fraud propping up the Biden economy with illegal immigration (20 million brought in by Biden Admin) and the BLS just restated job creation numbers for 12 months ending in March.

The restatement revealed an eye popping 911,000 jobs were fake. Dowd said just after the 2024 election that “Trump inherited a turd of an economy.” Now, Dowd says, “Trump has to deal with a turd of a disaster.” On the phony jobs number alone, Dowd says, “You could say this is statistical fraud or bureaucratic incompetence. Let’s say it’s both. It such an egregious 7 standard deviation. 3.4 standard deviation is the chance of lightning hitting you at least once in your lifetime. It’s not likely. 7 deviation is suggestive of fraud–full stop.” Continue reading →

The Hidden Costs of ‘Free Trade’ Agreements

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There’s Nothing Free about ‘Free Trade’

There’s Nothing Free about ‘Free Trade’J.B. Shurk – President Trump, Treasury secretary Bessent, and Commerce secretary Lutnick are effectively teaching a course right now on the fundamentals of international trade. How many Americans previously understood that nations around the world use tariffs and other economic tools to keep American-made products from reaching their markets?

Hasn’t the United States been spreading the gospel of “free trade” for centuries? Doesn’t commitment to “free markets” separate the civilizational West from more authoritarian countries with “closed” economies? Shouldn’t a “rules-based international order” ensure that the rules are the same for all participating countries? Continue reading →

The End Game of Fiat Currency: What Lies Ahead [Video]

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The End Game of Fiat Currency: What Lies AheadGreg Hunter – Back in February, when everyone was predicting a Fed rate cut, precious metals expert and financial writer Bill Holter said rates would be going up and not down.  Since that call, the 10-Year Treasury is up more than 30 basis points.  It closed today at 4.67%. Now Holter is still calling for higher interest rates that will coincide with higher gold and silver prices.  Why?  It’s called inflation, and it’s not temporary.

Holter explains, “Foreigners are backing away from buying Treasuries.  That is the only thing that has kept the doors open, so to speak, is the fact we are able to borrow an unlimited amount of money because we are the world reserve currency.

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Interest Rates Zero Out When Financial System Implodes [Video]

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Interest Rates Zero Out When Financial System Implodes Greg Hunter – Financial writer, market analyst and precious metals expert Craig Hemke says the variables are so numerous it is nearly impossible to predict exactly what is going to happen in 2024.  One thing is for sure, the variables are all bad.

There is the exploding federal debt, now at $34 trillion. The federal government is on track to increase the debt by a whopping $2 trillion in one year!

There are growing global war possibilities in the Middle East, Tiawan and Ukraine.  Low unemployment numbers coming out of the BLS are lies hiding a sick economy. Continue reading →