Podcasts about fed chairman

Daniel Siluk says some market participants are looking for a 50bps rate cut which he believes would indicate "panic." On the Fed's dot plot, he states it could be a little bit more disperse but adds that he doesn't really know any investors or traders that build a position based off of it. Daniel indicates that Jerome Powell's commentary will be critically important and doesn't believe calls that the Fed Chairman is "late" on rate cuts is fair. He shares his belief that the U.S. economy is strong, citing previous retail sales data. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

Keith discusses the potential takeover of the Federal Reserve by President Trump, highlighting the macroeconomic implications.  Economist, author and publisher of Macro Watch, Richard Duncan, joins the show and explains that central bank independence is crucial to prevent political influence on monetary policy, which could lead to excessive money supply and inflation.  Trump's policies, including tariffs and spending bills, are inflationary, necessitating lower interest rates.  Resources: Subscribe to Macro Watch at RichardDuncanEconomics.com and use promo code GRE for a 50% discount. Gain access to over 100 hours of macroeconomic video archives and new biweekly insights into the global economy. Show Notes: GetRichEducation.com/571 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, the President has a plan to completely take over the Fed, a body that historically stays independent of outside influence. Learn the fascinating architecture of the planned fed seizure and how it's expected to unleash a wealth Bonanza and $1 crash with a brilliant macroeconomist today, it'll shape inflation in interest rates in the future world that you'll live in today. On get rich education.    Speaker 1  0:33   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:21   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Speaker 1  1:31   Welcome to GRE from Fairfax, Virginia to Fairfield, California, and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education. The Federal Open Market Committee is the most powerful financial institution, not only in the nation, but in the entire world, and when an outside force wants to wrestle it and take it down. The change that it could unleash is almost incredible. It's unprecedented. The President wants full control. Once he has it, he could then slash interest rates, order unlimited money creation, and even peg government bond yields wherever he wishes, and this could drive wealth to extraordinary new highs, but this also carries enormous risks for the dollar and inflation and overall financial stability. And I mean, come on now, whether you like him or not, is Trump more enamored of power than Emperor Palpatine in Star Wars or what this is fascinating. Today's guest is going to describe the architecture of the takeover the grand plan. Our guest is a proven expert on seeing what will happen next in macroeconomics. He's rather pioneering in AI as well. But today, this all has so much to do with the future of inflation and interest rates. We're going to get into the details of how, step by step, Trump plans to infiltrate and make a Fed takeover.    Keith Weinhold  3:23   I'd like to welcome back one of the more recurrent guests in GRE history, because he's one of the world's most prominent macroeconomists, and he was this show's first ever guest back in 2014 he's worked with the World Bank and as a consultant to the IMF. He's contributed a lot on CNBC, CNN and Bloomberg Television. He's a prolific author. His books have been taught at Harvard and Columbia, and more recently, he's been a guest speaker at a White House Ways and Means Committee policy dinner in DC. So people at the highest levels lean on his macroeconomic expertise. Hey, welcome back to GRE joining us from Thailand as usual. It's Richard Duncan   Richard Duncan  4:03   Keith, thank you for that very nice introduction. It's great to see you again.   Keith Weinhold  4:08   Oh, it's so good to have you back. Because you know what, Richard, what caught my attention and why I invited you back to the show earlier than usual is about something that you published on macro watch, and it's titled, Trump's conquest of the Fed will unleash a wealth Bonanza, $1 crash and state directed capitalism. I kind of think of state directed and capitalism as two different things, so there's a few bits to unpack here, and maybe the best way is to start with the importance of the separation of powers. Tell us why the Fed needs to maintain independence from any influence of the president.   Richard Duncan  4:44   Central banks have gained independence over the years because it was realized that if they didn't have independence, then they would do whatever the president or prime minister told them to do to help him get reelected, and that would tend to lead to excessive money supply. Growth and interest rates that were far too low for the economic environment, and that would create an economic boom that would help that President or politician get reelected, but then ultimately in a bust and a systemic financial sector crisis. So it's generally believed that central bank independence is much better for the economy than political control of the central bank.   Speaker 1  5:24   Otherwise we would just fall into a president's short term interests. Every president would want rates essentially at zero, and maybe this wouldn't catch up with people until the next person's in office.   Richard Duncan  5:35   That's right. He sort of wants to be Fed Chair Trump. That's right, president and Fed Chairman Trump on the horizon. It looks like won't be long, Now.   Speaker 1  5:45   that's right. In fact, even on last week's episode, I was talking about how Trump wants inflation, he won't come out and explicitly say that, of course, but when you look at the majority of his policies, they're inflationary. I mean, you've got tariffs, you've got deportations, this reshaping of the Fed that we're talking about the hundreds of billions of dollars in spending in the one big, beautiful Bill act. It is overwhelmingly inflationary.   Richard Duncan  6:12   It is inflationary. And he may want many of those things that you just mentioned, but what he doesn't want is what goes along with high rates of inflation, and that is high interest rates, right? If interest rates go up in line with inflation, as they normally do in a left to market forces, then we would have significantly higher rates of inflation. There would also be significantly higher rates of interest on the 10 year government bond yield, for instance. And that is what he does not want, because that would be extremely harmful for the economy and for asset prices, and that's why taking over the Federal Reserve is so important for him, his policies are going to be inflationary. That would tend to cause market determined interest rates to go higher, and in fact, that would also persuade the Fed that they needed to increase the short term interest rates, the federal funds rate, if we start to see a significant pickup in inflation, then, rather than cutting rates going forward, then they're more likely to start increasing the federal funds rate. And the bond investors are not going to buy 10 year government bonds at a yield of 4% if the inflation rate is 5% they're going to demand something more like a yield of 7% so that's why it's so urgent for the President Trump to take over the Fed. That's what he's in the process of doing. Once he takes over the Fed, then he can demand that they slash the federal funds rate to whatever level he desires. And even if the 10 year bond yield does begin to spike up as inflation starts to rise, then the President can instruct, can command the Fed to launch a new round of quantitative easing and buy up as many 10 year government bonds as necessary, to push up their price and to drive down their yields to very low levels, even if there is high rate of inflation.   Keith Weinhold  7:58   a president's pressure to Lower short term rates, which is what the Fed controls, could increase long term rates like you're saying, it could backfire on Trump because of more inflation expectations in the bond market.   Richard Duncan  8:12   That's right. President Trump is on record as saying he thinks that the federal funds rate is currently 4.33% he said it's 300 basis points too high. Adjusting would be 1.33% if they slash the short term interest rates like that. That would be certain to set off a very strong economic boom in the US, which would also be very certain to create very high rates of inflation, particularly since we have millions of people being deported and a labor shortage at the moment, and the unemployment rate's already very low at just 4.2% so yes, slashing short term interest rates that radically the federal funds rate that radically would be certain to drive up the 10 year government bond yield. That's why President Trump needs to gain control over the Fed so that he can make the Fed launch a new round of quantitative easing. If you create a couple of trillion dollars and start buying a couple of trillion dollars of government bonds, guess what? Their price goes up. And when the price of a bond goes up, the yield on that bond goes down, and that drives down what typically are considered market determined interest rates, but in this case, they would be fed determined interest rates Trump determined interest rates.   Speaker 1  9:28   Inflationary, inflationary, inflationary, and whenever we see massive cuts to the Fed funds rate that typically correlates with a big loss in quality of life, standard of living, and items of big concern. If we look at the last three times that rates have been cut substantially, they have been for the reasons of getting us out of the two thousand.com bubble, then getting us out of the 2000 day global financial crisis, then getting us out of covid in 2020, I mean, massive rate cuts are. Are typically a crisis response   Richard Duncan  10:02   yes, but if we look back, starting in the early 1980s interest rates have have trended down decade after decade right up until the time covid hit. In fact, the inflation rate was below the Fed's 2% inflation target most of the time between 2008 the crisis of 2008 and when covid started, the Fed was more worried about deflation than inflation during those years, and the inflation rate trended down. And so the interest rates tended to trend down as well, and we're at quite low levels. Of course, back in the early 1980s we had double digit inflation and double digit interest rates, but gradually, because of globalization, allowing the United States to buy more and more goods from other countries with ultra low wages, like China and now Vietnam and India and Bangladesh, buying goods from other countries with low wages that drove down the price of goods in the United States, causing goods disinflation, and that drove down the interest rates. That drove down the inflation rate. And because the inflation rate fell, then interest rates could fall also, and that's why the interest rates were trending down for so long, up until the time covid hit, and why they would have trended down again in the absence of this new tariff regime that President Trump has put into place. Now, this is creating a completely different economic environment. President Trump truly is trying to radically restructure the US economy. There is a plan for this. The plan was spelled out in a paper by the man who is now the Chairman of the Council of Economic Advisors. His name is Steven Moran, and the paper was called a user's guide to restructuring the global trading system. It was published in November last year, and it very clearly spelled out almost everything President Trump has done since then in terms of economic policy. It was truly a blueprint for what he has done since then, and this paper spelled out a three step plan with two objectives. Here are the three steps. Step one was to impose very high tariffs on all of the United States trading partners. Step two was then to threaten all of our allies that we would no longer protect them militarily if they dared to retaliate against our high tariffs. And then the third step was to convene a Mar a Lago accord at which these terrified trading partners would agree to a sharp devaluation of the dollar and would also agree to put up their own trade tariffs against China in order to isolate China. And the two objectives of this policy, they were to re industrialize the United States and to stop China's economic growth so that China would be less of a military threat to the United States, which it is currently and increasingly with each passing month. So so far, steps one and two have been carried out very high tariffs on every trading partner, and also threats that if there's any retaliation, that we won't protect you militarily any longer. And also pressure on other countries to put high tariffs against China. The idea is to isolate China between behind a global tariff wall and to stop China's economic growth. So you can see that is what President Trump has been doing. And also in this paper, Stephen Marin also suggested that it would be very helpful if the Fed would cooperate to hold down 10 year government bond yield in this environment, which would naturally tend to push the bond yields higher. So that paper really did spell out what President Trump has done since then.   Keith Weinhold  13:59   This is fascinating about this paper. I didn't know about this previously, so this is all planned from tariffs to a Fed takeover.   Richard Duncan  14:08   That's right, the idea is to re industrialize the United States. That's what President Trump has been saying for years. Make America Great Again. And it's certainly true that America does need to have the industrial capacity to make steel and ships and pharmaceutical products and many other things in his own national self defense. But there's a problem with this strategy since the breakdown of the Bretton Woods system, and we've talked about this before, so I will do this fast forwarding a bit when the Bretton Woods system broke down up until then it broke down in 1971 before then, trade between countries had to balance. So it wasn't possible for the United States to buy extraordinarily large amounts of goods from low wage countries back then, this thing that's caused the disinflation over the last four decades, trade had to balance because on the Bretton Woods system, if we had a big trade deficit. Deficit, we had to pay for that deficit with gold. US gold, and gold was money. So if we had a big trade deficit and had to pay out all of our gold other countries to finance that deficit, we would run out of gold. Run out of money. The economy would hit a crisis, and that just couldn't continue. We'd stop buying things from other countries. So there was an automatic adjustment mechanism under the Bretton Woods System, or under the classical gold standard itself that prevented trade deficits. But once Bretton Woods broke down in 1971 It didn't take us too long to figure out that it could buy extraordinarily large amounts of things from other countries, and it didn't have to pay with gold anymore. It could just pay with US dollars, or more technically, with Treasury bonds denominated in US dollars. So the US started running massive trade deficits. The deficits went from zero to $800 billion in 2006 and now most recently, the current account deficit was $1.2 trillion last year. So the total US current account deficit since the early 1980s has been $17 trillion this has created a global economic boom of unprecedented proportions and pulled hundreds of millions of people around the world out of poverty. China is a superpower now, because of its massive trade surplus with the US, completely transformed China. So the trade surplus countries in Asia all benefited. I've watched that firsthand, since I've spent most of my career living in Asia, but the United States also benefited, because by buying things from low wage countries that drove down the price of goods, that drove down inflation, that made low interest rates possible, that made it easier for the US to finance its big budget deficits at low interest rates, and so with Low interest rates, the government could spend more and stimulate the economy. Also with very low interest rates, stock prices could go higher and home prices could go higher. This created a very big economic boom in the United States as well. Not only did the trade surplus, countries benefit by selling more to the US, but the US itself benefited by this big wealth boom that has resulted from this arrangement. Now the problem with President Trump's plan to restructure the US economy is that he wants to bring this trade deficit back down essentially to zero, ideally, it seems. But if he does that, then that's going to cut off the source of credit that's been blowing this bubble ever larger year after year since the early 1980s and we have such a big global credit bubble that if this source of credit has been making the bubble inflate, the trade deficit, if that were to significantly become significantly lower, then this credit that's been blowing up, the bubble would stop, and the bubble would implode, potentially creating very severe, systemic financial sector crisis around the world on a much, probably a much larger scale than we saw in 2008 and leading to a new Great Depression. One thing to think about is the trade deficit is similar to the current account deficit. So the current account deficit is the mirror image of capital inflows into the United States. Every country's balance of payments has to balance. So last year, the US current account deficit was $1.2 trillion that threw off $1.2 trillion into the global economy benefiting the trade surplus countries. But those countries received dollars, and once they had that 1.2 trillion new dollars last year, they had to invest those dollars back into us, dollar denominated assets of one kind or another, like government bonds or like US stocks, and that's what they did. The current account deficit is the mirror image of capital inflows into the United States. Last year was $1.2 trillion of capital inflows. Now if you eliminate the current account deficit by having very high trade tariffs and bringing trade back into balance, you also eliminate the capital inflows into the United States, and if we have $1.2 trillion less money coming into the United States a year or two from now, that's going to make it much more difficult to finance the government's very large budget deficits. The budget deficits are expected to grow from something like $2 trillion now to $2.5 trillion 10 years from now, and that's assuming a lot of tariff revenue from the tariffs, budget deficit would be much larger still. So we need the capital inflows from these other countries to finance the US budget deficit, the government's budget deficit. If the trade deficit goes away, the capital inflows will go away also, and with less foreign buying of government us, government bonds, then the price of those bonds will fall and the yield on those bonds will go up. In other words, if there are fewer buyers for the bonds, the price of the bonds will go down and the yield on the bonds will go up. In other words, long term interest rates will go up, and that will be very bad for the US Economy   Speaker 2  14:08   the yields on those 10 year notes have to go up in order to attract investors. Mortgage rates and everything else are tied to those yields.   Richard Duncan  19:36   That's right. And cap rates. When people consider investing in tech stocks, they consider they'll buy fewer stocks if the interest rates are higher. So this is why it's so important for President Trump to conquer the Fed, to take over the Fed. That's what he's doing. Technically, he's very close to accomplishing that. Shall we discuss the details?   Speaker 1  20:29   Yes, we should get more into this fed takeover, just what it means for the future of real estate markets and stock markets. With Richard Duncan, more, we come back. I'm your host, Keith Weinhold   Keith Weinhold  20:41   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally. 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Text family. 266, 866, to learn about freedom family investments, liquidity fund again. Text family. 266, 866,   Dani-Lynn Robison  22:24   you is freedom family investments co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Speaker 1  22:31   Welcome back to get Education. I'm your host. Keith Weinhold, we're talking with macroeconomist Richard Duncan about a Fed takeover. I think the President wants to be Fed Chair Trump, Richard. Talk to us more about this, because this is really part of a grand plan.   Richard Duncan  22:57   So the Federal Reserve is in charge of monetary policy. That means it sets the interest rates on the federal funds rate, the short term interest rates, and it also has the power to create money through quantitative easing or to destroy money through quantitative tightening. So the Fed is in charge of monetary policy. The Fed makes its decisions at its it meets eight times a year, the Federal Open Market Committee, the FOMC, meets eight times a year, and they take votes. They discuss what's going on in the economy. They make a decision about what they should do about interest rates, and in some cases, decisions about creating or destroying money through quantitative easing or quantitative tightening. They take a vote. The structure of the Federal Reserve System is as follows. There are seven members of the Federal Reserve Board of Governors, so there are seven fed governors there. The Federal Reserve Board is in based in Washington, DC. In addition to that, there are 12 Federal Reserve banks around the country, like the Federal Reserve Bank of St Louis, for instance, or the Federal Reserve Bank of Kansas, the Federal Reserve Bank of New York. Each of these Federal Reserve Banks have a president, so there are 12 Federal Reserve Bank presidents now at the FOMC meetings where interest rates are decided, all seven fed governors get a vote, but only five Federal Reserve Bank presidents get to vote, and they rotate their votes every year they the following year are different. Five fed presidents get to vote. The Federal Reserve Bank president of New York always gets the vote because New York is such an important financial center, but the other four other presidents keep rotating year after year, and the presidents, 12 presidents, serve five year terms, and they can be reappointed, and their terms expire all at the same time, all on the same day, all of their terms will expire next year on February 28 and they will perhaps be reappointed and perhaps. Be reappointed. So that's the structure, seven Federal Reserve Bank governors and 12 Federal Reserve Bank presidents. All the governors. All seven get to vote at every FOMC meeting, but only five of the Presidents get to vote. So that's a total of 12. The Governors of the Federal Reserve System are the most important the seven. Those seven include the Chairman, Chairman Powell, and this is why they're the most important. They're important because if four of the seven have the power to fire all of the Federal Reserve Bank presidents, if four fed governors vote together, they can fire all 12 Federal Reserve Bank presidents. It only takes four. Only takes four. Then those Federal Reserve Bank presidents would have to be replaced, but the Federal Reserve Board of Governors has to approve the replacements. So if President Trump has four fed governors who will do what he tells them to do, then they can fire all the Federal Reserve Bank presidents and only replace them with other people who will do what President Trump tells them to do. Gosh. So what this means is, if the president can get four Federal Reserve Bank governors out of seven, then he has absolute control over monetary policy. He can do anything he wants with interest rates. He can do anything he wants with quantitative easing. So how many does he have now? Well, he has two that he's appointed, Christopher Waller and Michelle Bowman. They voted to cut interest rates at the last FOMC meeting. That was a dissenting vote, because the rest of the voting members voted to hold interest rates steady. Those two have already voted with the President, so they're on Team Trump, and they're going to stay on Team Trump, because both of them would like to become Fed Chairman when Jerome Powell term expires in May next year, very suddenly and very unexpectedly. A month or so ago, another fed Governor resigned. Her name is Adriana Coogler. Her term was not due to expire for another six months, and she'd not given any indication that she was going to resign early, but she did this now gives the President can nominate the Federal Reserve Bank governors. So he is nominated Stephen Moran, the one who wrote the paper the grand plan. Grand plan. He's nominated him to replace Adriana Coogler, yeah, and he's going to vote on him on his appointment, perhaps within very soon, and it only takes 51 senators to vote him in. And since the Republicans control the Senate, he will be approved, it seems very likely that he will be approved, and that will give President Trump the third vote on the FOMC. He will have three out of the seven governors. He only needs one more, and this is where at least the cook comes in. So on the 26th of August, I think President Trump announced that he was firing Lisa Cook, a Fed governor, because she allegedly had made misleading statements on some mortgage applications that have not been proven yet, that they are alleged. So he says that he has fired her. She has said he does not have the right to fire her. The legal cases that the President does have the right to fire a Federal Reserve Bank Governor, but only for cause. And so there's a real question whether this qualifies as being for cause or not, especially since it's only alleged at this point, but assuming that he does get control. So if he does succeed in firing her, he will be able to appoint her replacement, and that will give him four members, four governors out of the seven. And as we just discussed, with four out of seven, he will have complete control over monetary policy, because with four out of seven, that would give him the power to command those four to vote to fire all 12 presidents of the Federal Reserve Banks, and then to appoint new presidents of the Federal Reserve Banks who would vote along with whatever President Trump tells them to vote for. So in that case, with four fed governors, he would have those Four Plus he would have the five presidents that he would appoint from the Federal Reserve Banks voting for him. So five plus four, that is nine, nine out of 12 voting members on the Federal Open Market Committee. He would be guaranteed nine out of 12 votes on the FOMC, and that would give him complete control over monetary policy, and that's what he needs, because his policies are inflationary. They're going to drive up inflation. They're and that's going to push up the 10 year government bond yield, and it would normally make the Fed also increase the federal funds rate, because higher inflation should the Fed in. Increase the interest rates to cool down the higher inflation. But now that's not going to happen, because he is going to take over the FOMC one way or the other. Just by firing Lisa Cook, he's sending a very clear message to all the other fed governors and to the 12 existing Federal Reserve Bank presidents, you do what I tell you or you may be investigated too. You're next, one way or the other, the President is going to get what the President wants, and what he wants is control over monetary policy, and what that means is much lower short term interest rates and probably another very big round of quantitative easing to hold down long term interest rates as well.   Keith Weinhold  30:41   That was an amazing architecture and plan that you laid out for how a President can take over the Federal Open Market Committee. That was amazing to think about that, and what we believe he wants you talked about it is potentially quantitative easing, which is a genteel way of saying dollar printing. Is it lowering the Fed funds rate down to, I think 1% is what he desired, and we're currently at about 4.3%   Richard Duncan  31:08   that's right. He said he'd like to see the federal funds rate 300 basis points lower, which would put 1.3% we could see a series of very sharp interest rate cuts by the Fed in the upcoming FOMC meetings, so we could see the short term interest rates falling very quickly, but as we discussed a little bit earlier, that would alarm the bond market and investors, because they would realize that much lower interest rates would lead to much higher rates of inflation by overstimulating the economy. And so the 10 year bond yields will move higher for fear of inflation, and that will then force President Trump to command the Fed, to create money through quantitative easing on a potentially trillion dollar scale, and start buying up government bonds to push up their price and drive down their yields, so that the 10 year bond yields and the 30 year bond yields will fall. And since mortgage rates are pegged to the government bond yields mortgage rates will fall, and credit card rates will fall, and bank lending rates will fall, and this will kick off an extraordinary economic boom in the US, and also drive asset prices very much higher and create a wealth Bonanza,   Keith Weinhold  32:15   right? And here, Richard and I are talking interestingly, just two days before the next Fed decision is rendered, therefore, with eminent cuts, we could very well see soaring stock and real estate markets fueled by this cheap credit and this quantitative easing, at least in the shorter term.   Richard Duncan  32:36   But timing is something one must always keep in mind, there is a danger that we could actually see a sell off in the stock market in the near term. If we start seeing the Fed slashing interest rates, then the 10 year bond yields will start moving higher. That would ultimately lead to quantitative easing to drive those yields back down. But when the falling short term interest rates start pushing up interest rates on the 10 year government bond yield because investors expect higher rates of inflation, that could spook the stock market. The stock market's very expensive, so before QE kicks in, there could actually be a period where raising expectations for higher rates of inflation drive the 10 year bond yields higher before the Fed can step in and drive them back down again. We could actually see a sell off in the stock market before we get this wealth boom that will ultimately result when the Fed cuts the short term rates and then quantitative easing also drives down the long term rates. I hope that's not too confusing. There could be a intermediate phase, where bond yields move higher, and that causes the stock market to have a significant stumble. But that wouldn't last long, because then President Trump would command the Fed to do quantitative easing, and as soon as the president says on television that he's going to do quantitative easing, between the moment he says quantitative and the moment he says easing, the stock market is going to rocket higher.   Keith Weinhold  34:05   And here we are at a time where many feel the stock market is overvalued. Mortgage rates have been elevated, but they're actually still a little below their historic norms. The rate of inflation hasn't been down at the Fed's 2% target in years, it's been above them, and we've got signs that the labor market is softening.   Richard Duncan  34:25   That's true. The labor market numbers in the most recent job number were quite disappointing, with the revisions to earlier months significantly lower. But of course, with so many people being deported from the United States now, that's contributing to this lower job growth numbers. If you have fewer people, there are fewer people to hire and add to job creation, so that may have some distorting impact on the low job creation numbers. The economy actually is seems to be relatively strong the the. Latest GDP now forecast that the Atlanta Fed does is suggesting that the economy could grow by three and a half percent this quarter, which is very strong. So the economy is not falling off a cliff by any means. If the scenario plays out, as I've discussed, and ultimately we do get another round of quantitative easing and the Fed cuts short term interest rates very aggressively. That will create a very big economic boom with interest rates very low. That will push up real estate prices, stock prices and gold prices and Bitcoin prices and the price of everything except $1 the dollar will crash because currency values are determined by interest rate differentials. Right now, the 10 year government bond yield is higher than the bond yields in Europe or Japan, and if you suddenly cut the US interest rates by 100 basis points, 200 basis points, 300 basis points, and the bond yields go down very sharply, then it'll be much less attractive for anyone to hold dollars relative to other currencies, and so there will be a big sell off of the dollar. And also, if you create another big round of quantitative easing and create trillions of dollars that way, then the more money you create, the less value the dollar has supply and demand. If you have trillions of extra new dollars, then the value of the dollar loses value. So the dollar is likely to take a significant tumble from here against other currencies and against hard assets. Gold, for instance, that's why we've seen such an extraordinary surge in gold prices.   Speaker 1  36:38   right? Gold prices soared above three $500 and Richard I'm just saying what I'm thinking. It's remarkable that Trump continues to be surrounded by sycophants that just act obsequiously toward him and want to stay in line and do whatever he says. And I haven't seen anyone breaking that pattern.   Richard Duncan  36:59   I'm not going to comment on that observation, but what I would like to say is that if this scenario does play out, and it does seem that we're moving in that direction, then this big economic boom is very likely to ultimately lead to the big economic bust. Every big boom leads to a big bust, right? Big credit booms lower interest rates, much more borrowing by households, individuals, companies. It would while the borrowing is going on, the consumption grows and the investment grows, but sooner or later, it hits the point where even with very low interest rates, the consumers wouldn't be able to repay their loans, like we saw in 2008 businesses wouldn't be able to repay their loans, and they would begin defaulting, as they did in 2008 and at that point, everything goes into reverse, and the banks begin to fail when they don't receive their loan repayments. And it leads to a systemic financial sector crisis. The banks lend less when credit starts to contract, then the economy collapses into a very serious recession, or even worse, unless the government intervenes again. So big boom that will last for a few years, followed by a big bust. That's the most probable outcome, but I do see one other possibility of how that outcome could be avoided, on the optimistic side, and this is it. If once President Trump slash Fed Chairman Trump has complete control over US monetary policy, then it won't take him long to realize Stephen Moran has probably already told him that he would then be able to use the Fed to fund his us, sovereign wealth fund. You will remember, back in February, President Trump signed an executive order creating a US sovereign wealth fund. And this was music to my ears, because for years, as you well know, I've been advocating for the US government to finance a multi trillion dollar 10 year investment in the industries and technologies of the future   Keith Weinhold  39:01   including on this show, you laid that out for us a few years ago and made your case for that here, and then Trump made it happen.   Richard Duncan  39:08   Let's try my book from 2022 it was called the money revolution. How to finance the next American century? Well, how to finance the next American Century is to have the US, government finance, a very large investment in new industries and new technologies in things like artificial intelligence, quantum computing, nanotechnology, genetic engineering, biotech, robotics, clean energy and fusion, create fusion and everything, world where energy is free, ultimate abundance. So I was very happy that President Trump created this US sovereign wealth fund. Now that he will soon have complete control over his US monetary policy, he will understand that he can use the Fed to fund this, US sovereign wealth fund. He can have the Fed create money through quantitative easing and. And start investing in fusion. We can speed up the creation of the invention of low cost fusion. We could do that in a relatively small number of years, instead of perhaps a decade or longer, as things are going now, we could ensure that the United States wins the AI arms race that we are in with China. Whoever develops super intelligence first is probably going to conquer the world. We know what the world looks like when the United States is the sole superpower. We've been living in that world for 80 years. Yeah, we don't know what the world would look like if it's conquered by China. And China is the control super intelligence and becomes magnitudes greater in terms of their capacity across everything imaginable than the United States is whoever wins the AI arms race will rule the world. This sort of investment through a US sovereign wealth fund would ensure that the winner is the US and on atop it, so it would shore up US national security and large scale investments in these new technologies would also turbocharge US economic growth and hopefully allow us to avoid the bust that is likely to ultimately occur following The approaching boom, and keep the economy growing long into the future, rather than just having a short term boom and bust, a large scale investment in the industries of the future could create a technological revolution that would generate very rapid growth in productivity, very rapid economic growth, shore up US national security, and result in technological miracles and medical breakthroughs, possibly curing all the diseases, cure cancer, cure Alzheimer's, extend life expectancy by decades, healthy life expectancy. So that is a very optimistic outcome that could result from President Trump becoming Fed Chairman Trump and gaining complete control over monetary policy. And this is all part of the plan of making America great again. If he really followed through on this, then he certainly would be able to restructure the US economy, re industrialize it, create a technological revolution that ensured us supremacy for the next century. That's how to finance the next American century.   Speaker 1  42:23   Oh, well, Richard, I like what you're leaving us with here. You're giving us some light, and you're talking about real productivity gains that really drives an economy and progress and an increased standard of living over the long term. But yes, in the nearer term, this fed takeover, there could be some pain and a whole lot of questions in getting there. Richard, your macro watch piece that caught my attention is so interesting to a lot of people. How can more people learn about that and connect with you and the great work you do on macro watch, which is your video newsletter   Richard Duncan  43:00   Thanks, Keith. So it's really been completely obvious that President Trump was very likely to try to take over the Fed. Nine months ago, I made a macro watch video in December called Will Trump in the Fed, spelling out various ways he could take over the Fed, and why he probably would find it necessary to do so. So what macro watch is is it describes how the economy really works in the 21st Century. It doesn't work the way it did when gold was money. We're in a completely different environment now, where the government is directing the economy and the Fed, or seeing the President has the power to create limitless amounts of money, and this changes the way everything works, and so that's what macro watch explains. It's a video newsletter. Every couple of weeks, I upload a new video discussing something important happening in the global economy and how that's likely to impact asset prices, stocks, bonds, commodities, currencies and wealth in general. So if your listeners are interested, I'd encourage them to visit my website, which is Richard Duncan economics.com that's Richard Duncan economics.com and if they'd like to subscribe, hit the subscribe button. And for I'd like to offer them a 50% subscription discount. If they use the discount coupon code, G, R, E, thank you, GRE, they can subscribe at half price. I think they'll find that very affordable. And they will get a new video every couple of weeks from me, and they will have immediate access to the macro watch archives, which have more than 100 hours of videos. Macro watch was founded by me 12 years ago, and I intend to keep doing this, hopefully far into the future. So I hope your listeners will check that out.   Keith Weinhold  44:46   Well, thanks, both here on the show and on macro watch Richard gives you the type of insight that's hard to find anywhere else, and you learn it through him oftentimes before it makes the headlines down the road. So. Richard, this whole concept of a Fed takeover is just unprecedented, as far as I know, and it's been so interesting to talk about it. Thanks for coming back onto the show.   Richard Duncan  45:08   Thank you, Keith. I look forward to the next time.   Speaker 1  45:17   Yeah, fascinating stuff from Richard in the nearer term, we could then see interest rate cuts that would go along with cuts to mortgages and credit card rates and car loan rates and all kinds of bank lending rates. This could pump up the value of real estate, stocks, Bitcoin, gold, nearly everything a wealth bonanza. Now, in polls, most Americans think that the Fed should stay independent from outside control. You really heard about how the President is dismantling the safeguards that protect that fed independence, the strategy he's using to bend the Federal Open Market Committee to His will. And this is not speculation, because, as you can tell, the takeover of the Fed is already underway. A fed governor has been fired. New loyalists are being installed, and key votes are lining up in the President's favor. But as far as the longer term, you've got to ask yourself, if these policies will inflate a giant bubble destined to burst down the road. I mean triggering a crisis as bad as 2008 I mean, these are the very questions that every investor should be asking right now, if you find this in similar content fascinating, and you want to stay on top of what is forward looking what's coming next macroeconomically, check out Richard Duncan's macro watch at Richard Duncan economics.com for our listeners, he's long offered the discount code for a 50% discount that code is GRE, that's Richard Duncan economics.com and the discount code GRE next week here on the show, we're bringing it back closer to home with key us, real estate investing strategies and insights, a lot of ways to increase your income. Until then, I'm your host. Keith Weinhold, don't quit you Daydream.   Speaker 3  47:20   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Speaker 1  47:40   You You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point, because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text gre to 66866,   Keith Weinhold  48:59   The preceding program was brought to you by your home for wealth, building, get richeducation.com you.  

CBS EYE ON THE WORLD WITH JOHN BATCHELOR SHOW SCHEDULE  9-2-2025 GOOD EVENING: The show begins in the markets, watching Fed Chairman Jerome Powell prepare for the September 16-17 Open Market meeting. 1840 BANK OF LONDON FIRST HOUR 9-915 #MARKETS:   LIZ PEEK THE HILL. FOX NEWS AND FOX BUSINESS: Elizabeth Peek: Elizabeth Peek examines the persistent tension between the White House and the Federal Reserve, observing that Chairman Jay Powell's actions are often perceived as politically motivated. She attributes high inflation during the Biden years to belated rate hikes and points to a "bound up housing market" due to past low mortgage rates and current high rates, making housing unaffordable. Peek highlights the underestimated, rapid impact of AI, noting its widespread adoption (700 million weekly ChatGPT users) indicates genuine, impactful companies rather than a bubble. She also supports Trump's proposal for addressing homelessness via dedicated facilities. 915-930 CONTINUED #MARKETS:   LIZ PEEK THE HILL. FOX NEWS AND FOX BUSINESS Elizabeth Peek: Elizabeth Peek examines the persistent tension between the White House and the Federal Reserve, observing that Chairman Jay Powell's actions are often perceived as politically motivated. She attributes high inflation during the Biden years to belated rate hikes and points to a "bound up housing market" due to past low mortgage rates and current high rates, making housing unaffordable. Peek highlights the underestimated, rapid impact of AI, noting its widespread adoption (700 million weekly ChatGPT users) indicates genuine, impactful companies rather than a bubble. She also supports Trump's proposal for addressing homelessness via dedicated facilities. 930-945 EU: JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. Judy Dempsey: Judy Dempsey analyzes Europe's political instability, including a wobbly French government facing a potential no-confidence vote and President Macron's struggles with reforms, while the far-right National Rally prepares for snap elections. Germany's Chancellor Merz also faces domestic opposition to reforms balancing social welfare and defense spending. Dempsey warns about the rise of anti-Ukraine, pro-Russian, Eurosceptic populist parties across Europe, which pose a significant challenge to regional stability and Washington's foreign policy, despite calls for a European-centric military force. 945-1000 CONTINUED; EU: JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. Judy Dempsey: Judy Dempsey analyzes Europe's political instability, including a wobbly French government facing a potential no-confidence vote and President Macron's struggles with reforms, while the far-right National Rally prepares for snap elections. Germany's Chancellor Merz also faces domestic opposition to reforms balancing social welfare and defense spending. Dempsey warns about the rise of anti-Ukraine, pro-Russian, Eurosceptic populist parties across Europe, which pose a significant challenge to regional stability and Washington's foreign policy, despite calls for a European-centric military force. SECOND HOUR 10-1015 #STATETHINKING: @MARYKISSEL FORMER SENIOR ADVISER TO THE SECRETARY OF STATE. EXECUTIVE VP STEPHENS INC. Mary Kissel: Mary Kissel critiques China's military parade, labeling Xi Jinping's claim of sole WWII victory a "complete fiction" aimed at promoting a "new world order" and expanding influence. She expresses concern over India's presence at the Shanghai Cooperation Organization summit, viewing it as a potential move towards neutrality that could undermine US efforts to counter China's regional militarization. Kissel also attributes the rise of Eurosceptic, pro-Russian populist parties in Europe to the failure of mainstream political parties to adequately address citizens' economic realities, leading to cynicism and a challenge to US policy. 1015-1030 CONTINUED: Mary Kissel: Mary Kissel critiques China's military parade, labeling Xi Jinping's claim of sole WWII victory a "complete fiction" aimed at promoting a "new world order" and expanding influence. She expresses concern over India's presence at the Shanghai Cooperation Organization summit, viewing it as a potential move towards neutrality that could undermine US efforts to counter China's regional militarization. Kissel also attributes the rise of Eurosceptic, pro-Russian populist parties in Europe to the failure of mainstream political parties to adequately address citizens' economic realities, leading to cynicism and a challenge to US policy. 1030-1045 GAZA AND YEMEN: Jonathan Schanzer: Jonathan Schanzer reports on Israel's challenging but successful operation in Gaza City, which has neutralized key Hamas leaders and recovered hostages, significantly weakening the group, with only ten senior leaders remaining. He critically notes Qatar's role as a major patron of Hamas, not acting in good faith during hostage negotiations. Shanzer also highlights Israel's "remarkable operation" in Yemen, demonstrating enhanced intelligence capabilities against Houthi leadership, severely impacting the Iran-backed group. In Lebanon, efforts to disarm Palestinian camps and Hezbollah present a "generational opportunity" for the state to restore sovereignty. 1045-1100 LEBANON AND SYRIA: Jonathan Schanzer: Jonathan Schanzer reports on Israel's challenging but successful operation in Gaza City, which has neutralized key Hamas leaders and recovered hostages, significantly weakening the group, with only ten senior leaders remaining. He critically notes Qatar's role as a major patron of Hamas, not acting in good faith during hostage negotiations. Shanzer also highlights Israel's "remarkable operation" in Yemen, demonstrating enhanced intelligence capabilities against Houthi leadership, severely impacting the Iran-backed group. In Lebanon, efforts to disarm Palestinian camps and Hezbollah present a "generational opportunity" for the state to restore sovereignty. THIRD HOUR 1100-1115 #LONDONCALLING:  @JOSEPHSTERNBERG @WSJOPINION Joseph Sternberg: discusses the alarming speculation that the UK and France might require IMF bailouts due to their enormous debt piles and fiscal deficits, and a political inability to implement austerity measures. He notes the UK is exhibiting "precrisis" signs with a weakening pound and rising long-term borrowing costs, reflecting a loss of investor confidence in its economic growth. Sternberg concludes that these major economies are too large for a traditional IMF bailout, implying they must address their fiscal challenges internally to avoid a financial crisis. 1115-1130 CONTINUED: #LONDONCALLING:  @JOSEPHSTERNBERG @WSJOPINION Joseph Sternberg: Joseph Sternberg discusses the alarming speculation that the UK and France might require IMF bailouts due to their enormous debt piles and fiscal deficits, and a political inability to implement austerity measures. He notes the UK is exhibiting "precrisis" signs with a weakening pound and rising long-term borrowing costs, reflecting a loss of investor confidence in its economic growth. Sternberg concludes that these major economies are too large for a traditional IMF bailout, implying they must address their fiscal challenges internally to avoid a financial crisis. 1130-1145 Professor John Cochrane: Professor John Cochrane addresses the fervent debate over the Federal Reserve's independence, with critics from both political extremes advocating for more accountability. He points to the Fed's expanded activities since 2008, including "subsidizing Wall Street," and alleged missteps that contributed to inflation and a problematic housing market. Cochrane argues for a more limited Fed, focused strictly on inflation, to preserve its independence and public trust, suggesting that its broadened scope jeopardizes its core mission and credibility. 1145-1200 CONTINUED:Professor John Cochrane: Professor John Cochrane addresses the fervent debate over the Federal Reserve's independence, with critics from both political extremes advocating for more accountability. He points to the Fed's expanded activities since 2008, including "subsidizing Wall Street," and alleged missteps that contributed to inflation and a problematic housing market. Cochrane argues for a more limited Fed, focused strictly on inflation, to preserve its independence and public trust, suggesting that its broadened scope jeopardizes its core mission and credibility.. FOURTH HOUR 12-1215 GREGORY COPLEY, DEFENSE & FOREIGN AFFAIRS     Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1215-1230 continued; Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1230-1245 CONTINUED Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1245-100 AM CONTINUED: Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. R

Join Javaid as he discusses the markets after the long Labor Day weekend. Do markets sizzle to new highs to finish out the summer or will they fizzle? What sectors are performing well and what is happening in the Technology sector? Listen now to get the answers to these questions and more!

This episode, we translate the Fed Chairman's comments last week about possible rate cuts and tell you what they mean for credit card and mortgage rates.  Filmed at Brown Harris Stevens' Studio 1873, Part of the Mastery of Real Estate (MORE) Network. Subscribe: https://podcasts.apple.com/us/podcast/crossing-the-line/id1715709313 Watch: https://www.youtube.com/playlist?list=PL7_x00Dbn3OSwzBAeflzGNqX3GrWvOMdJ Connect with Greg Heym: https://www.bhsusa.com/about-gregory-heym Market Report Data: https://www.bhsusa.com/market-reports Submit your "Crossing the Line" questions: CTL@bhsusa.com Connect with Scott Nadler of CrossCountry Mortgage: https://crosscountrymortgage.com/brooklyn-ny-5601/scott-nadler/ Connect with Shar Sedgh of Sedgh & Zuckerman PLLC: shar@sznylaw.com Learn More About The Everset: https://theeverset.com/ Brown Harris Stevens is one of the largest privately owned real estate brokerages in the country, with more than 40 offices across four states: New York, New Jersey, Connecticut, and Florida. https://bhsusa.com/ #crossingtheline #economy #realestate #theline #gregheym #mortgagerates #brownharrisstevens #crosscountrymortgage #mortgage

Charlie shares some examples of people and companies who have thrived by being anti-woke and others who struggled by leaning in to woke. Charlie thinks about some other current media members who could be the subject to a follow up of his book ‘Go Woke, Go Broke'. Charlie also shares who his choice would be for Fed Chairman.

Charlie shares some examples of people and companies who have thrived by being anti-woke and others who struggled by leaning in to woke. Charlie thinks about some other current media members who could be the subject to a follow up of his book ‘Go Woke, Go Broke'. Charlie also shares who his choice would be for Fed Chairman.See omnystudio.com/listener for privacy information.

In this episode of the National Crawford Roundtable podcast the guys discuss Trump's firing of the Bureau of Labor Statistics Commissioner. This week's topics include: should Trump fire Fed Chairman Jerome Powell for refusing to lower interest rates? What can or should be done about Texas Democrats fleeing the state to block Republicans from Gerrymandering Congressional Districts? And the guys talk about the "controversy" surrounding American Eagle's "Good Jeans (Genes) ad featuring Sydney Sweeney.

Weekly Update --- Nobody for Fed Chairman by Ron Paul Liberty Report

The proper answer to who should be Fed chairman is…nobody. Nobody knows the “correct” interest rate.Original article: https://mises.org/power-market/nobody-fed-chairman

The proper answer to who should be Fed chairman is…nobody. Nobody knows the “correct” interest rate.Original article: https://mises.org/power-market/nobody-fed-chairman

We had a cancellation tonight and so we're strapping this one together on-the-fly: Some thoughts and questions on the death of Hulk Hogan & Ozzy Osbourne, which will be material for open lines calls along with Today's awkward moment between Trump and Fed Chairman; Birth Rate drop and how the audience would fix it -- THIS WAS A GREAT CALL IN NIGHT. Tons of ground covered, and wonderful flow. Unleash Your Brain w/ Keto Brainz Nootropic Promo code FRANKLY: https://tinyurl.com/2cess6y7 Sponsor The Show and Get VIP Perks: https://www.quitefrankly.tv/sponsor One-Time Tip: http://www.paypal.me/QuiteFranklyLive Read July Newsletter: https://tinyurl.com/y4yvuxff Elevation Blend Coffee & Official QF Mugs: https://www.coffeerevolution.shop/category/quite-frankly Official QF Apparel: https://tinyurl.com/f3kbkr4s Send Holiday cards, Letters, and other small gifts, to the Quite Frankly P.O. Box! Quite Frankly 222 Purchase Street, #105 Rye, NY, 10580 Send Crypto: BTC: 1EafWUDPHY6y6HQNBjZ4kLWzQJFnE5k9PK Leave a Voice Mail: https://www.speakpipe.com/QuiteFrankly Quite Frankly Socials: Twitter/X: @QuiteFranklyTV Instagram: @QuiteFranklyOfficial Discord Chat: https://discord.gg/KCdh92Fn GUILDED Chat: https://tinyurl.com/kzrk6nxa Official Forum: https://tinyurl.com/k89p88s8 Telegram: https://t.me/quitefranklytv Truth: https://tinyurl.com/5n8x9s6f GETTR: https://tinyurl.com/2fprkyn4 MINDS: https://tinyurl.com/4p84d3cx Gab: https://tinyurl.com/mr42m2au Streaming Live On: QuiteFrankly.tv (Powered by Foxhole) Youtube: https://tinyurl.com/yc2cn395 BitChute: https://tinyurl.com/46dfca5c Rumble: https://tinyurl.com/yeytwwyz Kick: https://kick.com/quitefranklytv Audio On Demand: Spotify: https://spoti.fi/301gcES iTunes: http://apple.co/2dMURMq Amazon: https://amzn.to/3afgEXZ SoundCloud: https://tinyurl.com/yc44m474

Will and Russ discuss what happens next with Russia; The Fed Chairman's missteps; and Mamdani, the Dems' Communist wonder.

Trump's heartfelt birthday letter to Epstein reads like illustrated pedo poetry, Alex betting on Trump making it to 2027, it turns out that the Unibomber appointed the Fed Chairman…or something, Musk's MechaHitler approved for use for all government departments, anti-woke American is soon to be Cargo 200, and will JD Vance seize the chance to play Brutus?

We look at the continuing tensions between President Donald Trump and the Chairman of the US Federal Reserve Jerome Powell.There could be more than 10 million extra people needed in the Russian labour market by 2030. Rahul Tandon hears from a Russian demography expert.And what will happen to renewable energy in the US?You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

We look at the continuing tensions between President Donald Trump and the Chairman of the US Federal Reserve Jerome Powell.There could be more than 10 million extra people needed in the Russian labour market by 2030. Rahul Tandon hears from a Russian demography expert.And what will happen to renewable energy in the US?You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

Matt discusses why only 36% of Democrats are proud to be an American. Democrats cheer an app that helps illegals know when ICE is near. President Trump blasts Fed Chairman for being too late again. Trump says US to send tariff letters to trade partners before July 9 deadline. CNN forced to report 4th of July gas prices at four year low. 

Today on America in the Morning Trump Considering Iran Attack Plans President Trump says the United States is still weighing its options in the Middle East as the conflict between Israel and Iran continues, and said that no decision has been made whether the US will get involved militarily.  However, the Wall Street Journal is reporting that the President has privately approved of attack plans for Iran but has withheld a final order.    Washington correspondent Sagar Meghani reports.   Read Not Guilty A Massachusetts jury finds Karen Read not guilty in the 2022 murder of her Boston police officer boyfriend.  Jim Roope reports the verdict came nearly a year after a separate jury deadlocked over Read's involvement in the death.   SCOTUS Upholds Transgender Law Tennessee will be allowed to continue their state policy banning gender transition treatments for minors, following a ruling at the US Supreme Court.  Correspondent Haya Panjwani reports.  Screening Students Officials will reportedly begin screening the online presence of foreign nationals applying for educational visas to attend schools in the United States.  Correspondent Clayton Neville reports.   Erick Strengthens The first major hurricane of the 2025 season to threaten land has formed and is gaining strength.  Hurricane Erick powered up into a Category 3 major hurricane Wednesday evening as it bore down on the southern Mexico coast.   Compliance Demands For Travel Ban The Trump administration is demanding action from several dozen countries currently facing a proposed US travel ban.  Correspondent Lisa Dwyer reports without compliance, bans against travel from those nations into the US will go into effect.       Trump Sounds Off On Powell Concerns over tariffs and stagflation, a condition of stagnant economic growth, was the reason the Fed Chairman announced that interest rates would remain unchanged, drawing a rebuke from President Trump who has demanded that interest rates go lower to help spur the economy.  Washington correspondent Sagar Meghani reports that President Trump did not hold back his anger at Jerome Powell.   Hegseth On The Hot Seat As the American military prepares for the possibility of becoming involved in the Israel-Iran conflict, a congressional hearing on the Defense Department Budget brought some heated exchanges between lawmakers and U-S Defense Secretary Pete Hegseth Wednesday on Capitol Hill. Correspondent Clayton Neville reports.   She Was On The Hit List Saturday's shootings that claimed the lives of a Minnesota state lawmaker and her husband, and left another lawmaker and his wife seriously wounded, could have been much worse.  Correspondent Rich Johnson reports on another politician that was on the suspect's hit list.   Historic Team Sale One of sports' most iconic teams is changing hands in a record deal. Correspondent Gethin Coolbaugh reports on the sale of a 17-time NBA title-winning franchise, and the record-breaking price.   Latest Kohberger Hearing Despite a request from his defense attorney, the judge overseeing the trial of Bryan Kohberger indicated he will not delay the trial that is scheduled for August.   Finally  It pays to be a cheerleader.  The Dallas Cowboys Cheerleaders are getting a 400 percent raise.   1975 was a summer that many were deeply afraid to go into the water after a blockbuster film about a gigantic shark hit theaters.  Kevin Carr has the 50th anniversary week of the classic movie – Jaws. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Howie Kurtz on Trump softening his tone trade tariffs and Fed Chairman, Sec. Hegseth denying he ordered a Pentagon 'makeup' studio and Trump blaming Ukraine again for no peace deal.   Follow Howie on Twitter: @HowardKurtz For more #MediaBuzz click here Learn more about your ad choices. Visit podcastchoices.com/adchoices

Vance goes to India in hopes of reorienting global economics plus the Trump administration gets into a fight with the Fed Chairman over interests rates. Learn more about your ad choices. Visit megaphone.fm/adchoices

What to do with Jerome Powell, Fed Chairman? Not another good day on Wall Street 12:53- Should Trump run for a third term? 33:50- Karmelo Anthony’s mom goes on a deranged rant where she claims her family is the victim 52:00- Willie Wilson is a Humanitarian & Businessman. He joined Amy Jacobson and Jim Iuorio to talk about his latest opportunity to get free gas and groceries 1:11:49- Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump 1:30:06- Alderman Ray Lopez 1:38:34- Stephen Moore is a Noted Economist and author of The Trump Economic Miracle: And the Plan to Unleash Prosperity Again. He joined Amy Jacobson and Jim Iuorio to talk about the ever evolving tariff situation 1:47:18- Blaine Wilhour is a State Representative for the 110th District. He joined Amy Jacobson and Jim Iuorio to talk about the Illinois homeschooling act 2:04:21- Open Mic FridaySee omnystudio.com/listener for privacy information.

4 year old piano player makes us all feel inadequate. The FSU shooting. Trying to figure out why it keeps happening. Rob Lowe corrects tour guide who calls him John Stamos. Ryan Schmelz on Rubio going in Paris. Elizabeth Warren tells Fed Chairman not to lower rates despite asking for ate cut 8 kings ago.

Howie Kurtz on Trump calling for the 'resignation' of Fed Chair Jerome Powell, Trump threatening to take away Harvard tax-exempt status and RFK Jr. pushing to find 'environmental' cause of autism. Follow Howie on Twitter: @HowardKurtz For more #MediaBuzz click here Learn more about your ad choices. Visit podcastchoices.com/adchoices

Scott Wapner and the Investment Committee debate the state of stocks in this uncertain market after Fed Chairman's Powell speech yesterday and Tariffs looming large. Plus, Josh Brown names another stock to his “Best Stocks in the Market List.” And later, Michael Ozanian joins us with the latest on the Boston Celtics sale. Investment Committee Disclosures

Andrew Walworth, Tom Bevan and Carl Cannon discuss the state of negotiations over Ukraine's mineral rights, as well as the larger effort by the Trump administration to end the fighting in Ukraine. They also talk about a new TikTok interview with historian Victor Davis Hansen, who argues that Trump represents a return to “normalcy,” not a radical departure from political norms and what may be the next targets for the Department of Government Efficiency: public broadcasting, which has been losing audience to cable, satellite and web video services for decades, and the US Post Office, which faces increasing competition from private delivery services. Then lastly, Tom Bevan talks with Kevin Warsh of the Hoover Institution about inflation and the Federal Reserve. Warsh served as a member of the Board of Governors of the Federal Reserve from 2006 until 2011, and is often named as a leading contender to replace Jerome Powell as Fed Chairman.

Over the weekend there were a flurry of viral posts on X - led by Elon Musk - suggesting that Ron Paul should head up the auditing of the Federal Reserve...and even that he should be tapped as Fed Chairman! Millions who have followed his often lonely crusade against the Fed are finally seeing some results. Can it happen...and how? Get your tickets TODAY for the Ron Paul Institute Spring Conference: https://tinyurl.com/3t97tx8f

This morning, we received the Fed's interest rate decision.  This was followed by the press conference of Fed Chairman, Jerome Powell.  This afternoon on the Jon Sanchez Show at 3pm, we'll share with you what the Fed did with interest rates, their outlook on the economy and their view on future interest rate decisions.

This morning, we received the Fed's interest rate decision.  This was followed by the press conference of Fed Chairman, Jerome Powell.  This afternoon on the Jon Sanchez Show at 3pm, we'll share with you what the Fed did with interest rates, their outlook on the economy and their view on future interest rate decisions.

When testifying to the Senate Banking Committee back in 1987, the newly-appointed Fed Chairman, Alan Greenspan, provided some insight into his views on communication: “Since becoming a central banker”, he said, “I have learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.” His successors have generally tried to be more open with regard to both their opinions and their intentions. However, there are times, when the Fed will want to communicate to financial markets without piquing the interest of either the general public or the administration.

Stocks are coming off their back-to-back losing sessions in weeks ahead of today's inflation report. Plus, Washington's antitrust wave hits Wall Street sending shares of names you are sinking. And Later, Trump's treasury picks back Jay Powell to finish out his terms as Fed Chairman. 

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Today on America in the Morning   New Chief-Of-Staff As the Nation's Capital prepares for a second Donald Trump administration in the White House, the President-elect has broken a glass ceiling with his choice to be his Chief of Staff. John Stolnis has more from Washington.    Biden Addresses Trump Victory President Biden has addressed the nation, extending an olive branch to Donald Trump and praising his Vice President's campaign, but as Washington correspondent Sagar Meghani reports, some Democrats blame him for Kamala Harris' election night loss.    KSM's Deal Nixed The plea bargains for an alleged 9/11 mastermind remain valid, according to a judge at the military commission at Guantanamo Bay. Correspondent Clayton Neville reports.    A Smooth Transition The head of the Pentagon is sending our orders to the military, preparing for a smooth transition of power for the incoming Donald Trump administration. Correspondent Lisa Dwyer reports.     Judge KO's “Keeping Families Together” A federal judge has struck down a Biden administration program that would allow unauthorized immigrants married to American citizens to get legal status and a streamlined path to U.S. citizenship.     Vaccine Time Now is a good time to get your flu and COVID-19 vaccines, as hospitals are reporting the more people under the weather.  Correspondent Mike Hempen reports.      Historic Choice For Chief-Of-Staff Saying that she has helped me achieve one of the greatest political victories in American history, President-elect Donald Trump announced his first Cabinet appointee. Correspondent Lisa Dwyer reports on the person who is also a historic pick for that West Wing post.   Fed Cuts Interest Rates The Federal Reserve has cut its key interest rate again, with the Fed Chairman saying he is feeling good about the economy.  Washington correspondent Sagar Meghani reports the move comes with a new administration entering the White House in January, and questions as to his own future with the president-elect.     GOP's Senate Control Grows In the United States Senate, what is known is that the GOP will take control in January, having already flipped three seats, and potentially another. The Associated Press called the Pennsylvania race for David McCormick over incumbent Democrat Bob Casey, but Casey has not conceded    California Wildfire Evacuations Thousands of people have been evacuated in parts of Southern California as a massive wildfire rages. Correspondent Clayton Neville reports the blaze is being fueled by dry heat and winds and the cause is still under investigation.    Giuliani Threatened With Contempt Charge A judge admonished former New York City Mayor Rudy Giuliani, ordering him to turn over his assets or face a contempt charge in a multi-million dollar defamation judgment. Pamela Furr has the story.     Europe's Reaction To Trump Victory European leaders are reassessing their trans-Atlantic relations following Donald Trump's win for the White House. Correspondent Donna Warder reports.    Monkey Break Dozens of monkeys have staged a break out from a facility in South Carolina. Correspondent Ben Thomas reports.    Tech News Canada becomes the latest nation to ban the use of TikTok for its citizens, but not entirely. Here's Chuck Palm with today's tech report.    Finally   We're three weeks away from Thanksgiving, and already Christmas movies are hitting theaters this weekend. Kevin Carr has a sneak peek at The Best Christmas Pageant Ever. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Remember the ISSUES that were supposed to be focused on during an election season? Perhaps this TikTok attention span, multiple assassination attempts, headline-reading only American public can't focus, but American elections (if the GOP wants to win) need to stay on policy. Personality referendums leads to Democrat victories. And the Fed Chairman just gave a good reason to refocus. ______________________________________________________________ Catholic Vote on YouTube: https://www.youtube.com/@CatholicVote JOIN OUR LOCALS:  https://thekyleseraphinshow.locals.com/subscribe PREPARE or REPAIR: http://PrepareLikeKyle.com (MyPatriotSupply Food Prep) Use PROMO CODE "KYLE" at these sites: http://PatriotCoolers.com/ (Tumblers & Coolers) http://MyPillow.com/Kyle (Pillows/Towels/Bedding) https://matthatjerky.com/kyle (premium Beef Jerky) http://The-Suspendables.com (Show Merch) http://ShieldArms.com - maker of the S10 and S15 magazines (Montana built firearms and accessories)

Our destination is Big Spring Creek and Warm Spring Creek near the town of Lewiston, Montana with Dan Vermillion, co-owner of Sweetwater Travel, Livingston, Montana.  Travelling to Lewistown is like stepping back in time to the Montana of yesteryear.  Here anglers will find classic uncrowded spring creek fly fishing along with miles and miles of public water, easy wading, and shots at large, wily trout.   Dan and his brothers were raised on the banks of the Yellowstone River and are now owners and operators of the largest collection of fly-fishing lodges in the world.  Today, Dan covers Big Spring Creek and Warm Spring Creek from top to bottom, pro tips for spring creeks, plus Jeremiah Johnson, Joe Brooks, and a GREAT story of guiding Barack Obama, along with some life lessons from Fed Chairman, Paul Volker.      With host, Steve Haigh Be the first to know about new episodes.  Become a subscriber Destination Angler on YouTube Contact Dan at Sweetwater Travel:  https://www.sweetwatertravel.com/ Please check out our Sponsors: Got Fishing Crafting world Class fly-fishing adventures specially designed to your level of experience and budget.   Facebook @GotFishingAdventures Instagram @GotFishing TroutRoutes The number one fishing app, helping trout anglers avoid the crowds and explore new public water. Download it and receive 20% off using Destination20 promo code in the app store today! Facebook @troutinsights Instagram @TroutRoutes    Adamsbuilt Fishing THE trusted source for quality fly fishing gear, built to last at an affordable price. Waders, Nets, Outerwear. Facebook & Instagram @Adamsbuilt Angler's Coffee Elevating the coffee experience for the fly-fishing community & anglers everywhere with small-batch coffee delivered to your doorstep.  Facebook & Instagram @anglerscoffeeco    Destination Angler Podcast:  Website ·       YouTube Instagram & Facebook  @DestinationAnglerPodcast Comments & Suggestions:  host, Steve Haigh, email shaigh@DestinationAnglerPodcast.com Available on Apple, Spotify, or wherever you get your podcasts. Recorded June 14, 2024.   

On today's show we're dissecting the latest Fed rate announcement. While the power of the Fed is often overstated, they do still influence market sentiment in ways that are difficult to fully dissect.  Chair Powell said in his opening remarks that the Fed was making excellent progress against their dual mandate of maximizing employment and maintaining price stability. In meetings over the past two years, the Fed Chairman has emphasized inflation to the point of sounding like a broken record.  But in some sense, none of that matters. After all, the FOMC sets one interest rate. They set the Federal Funds rate which is the rate the Fed charges its member banks at the discount window. It's also the rate closely associated with the shortest term T bills.  The bond market determines the yield of the paper issued by the US government, and every other publicly traded bonds whether it's British Gilts, EBC, Bank of Canada, Swiss Central Bank and so on.  In the minutes and hours following the Fed announcement, we saw bond yields drop significantly. On today's show we are talking about who wields the power when it comes to setting interest rates. ------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

MASSIVE day for the markets as Jerome Powell gears up to speak at the FOMC meeting. Will Bitcoin PUMP off hopes for rate cuts or CRASH on the fears of Wall Street?  ➡️ Use Code DC10 to get 10% off Arculus Wallet - https://linktw.in/EtSqux ➡️ Houdini Swap - The Best Way To Swap Coins - https://houdiniswap.com/?utm_source=kol&utm_medium=qr_code&utm_campaign=DiscoverCrypto ➡️Join this channel to get access to perks: https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g/join ➡️Come trade with us on Blofin, where whales are made:  https://partner.blofin.com/d/DiscoverCrypto 

Inflation fell in June for the first time since 2020. Good news! Retail imports continue to rise despite supply chain challenges. Good news! Manufacturing technology orders grew in May. Good news! The Fed Chairman said, “reducing policy restraint too late or too little could unduly weaken economic activity and employment."Uh oh...This week's busy slate of economic data paints a different picture, depending on how you look at it, and Kevin & Tom are here to give it all some perspective. Will the Fed cut rates as predicted in September, and what will the result be for wholesale distributors and manufacturers? Meanwhile, B2B marketing and eComm continues to evolve at a rapid pace. 53% of B2B organizations now say shifting revenue from in-person to online sales is one of their top priorities. But this occurs in an environment where more customers are saying personalization and emotional sentiment are missing from B2B marketing.How can the two reconcile?Join us as we count down to our 100th episode! We've got insights you don't want to miss.Join the conversation each week on LinkedIn Live.Want even more insight to the stories we discuss each week? Subscribe to the Around The Horn Newsletter.You can also hear the podcast and other excellent content on our YouTube Channel.Follow us on Facebook, Twitter, Instagram, or TikTok.

Join Moe to get insights on the latest economic news! Is inflation in the "higher for longer" territory or will we get some deflationary pressure? What actions will the Fed take? What should we be looking for in this week's CPI and PPI reports? 

Grain futures rebound strongly after previous day's plunge, driven by improved weather outlook and strong demand. Livestock stabilizes after morning lows. Gold surges on Fed Chairman's remarks.

Join Market Wrap's Javaid Ansari as he tackles the question - The Fed is Up to Bat - Will It Be a Hit or a Strikeout? The market is preparing for the big Fed meeting this Wednesday. All indications are that rates will not change this week, BUT what Fed Chairman Powell TALKS about in the press conference may influence the market. Compak Asset Management's Executive Vice President discusses his thoughts on what may or may not happen after Wednesday.

The market immediately rebounded just minutes after the Fed Chairman met with members of the Financial Financial Services Committee this month. This obviously raised some eyebrows and raised the question of whether politicians use insider information to serve their own interests instead of the interests of the voters. Today, Paul, Evan, and Ira address this topic with two important insights: market timing is dangerous for everyone and there is a proven method for investing that is not gambling or speculating on companies. Later in the episode, the advisors talk about new and used car markets and an article called “Annual New Car Ownership Costs Boil Over $12K.” For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Ben and Tom discuss earnings from CVS, CINF, Chipotle, and SNAP, the streaming sports app deal between Disney/Fox/WB, and takeaways from an evening with Kevin Warsh. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Is China able to wage economic warfare against us? Do they even need to do that? Zach Abraham and I discuss that and the stunning amount of money the Separate Country of Washington spent to pretend to move people out of homelessness. Zach also responds to the article in Zero Hedge that makes these predictions (and also misstates the tax revenue trends which continue to rise). “Just do the math: interest costs on the national debt are spiraling out of control at a time when tax revenue is falling. It's not a pretty picture.And based on this scenario, I'd humbly make a few predictions:1) The Federal Reserve will reverse course and start cutting rates.This might not happen right away; the Fed seems far more concerned right now with appearing like they're in control and know what they're doing. But no Fed Chairman wants to preside over the bankruptcy of the United States.So the Fed will have to cut rates and start printing money again in order to save the federal government, as well as the banking system, Social Security, and more.2) This will lead to more inflation.With the Fed creating so much money– trillions of dollars at once– the US economy will suffer the same predictable consequences as it did in 2021 and 2022: inflation.3) And a loss of confidence in the dollarHigher inflation coupled with outright government dysfunction has already caused much of the world to seek alternatives to the dollar. Another bout of inflation, plus potentially several more years of incompetence will probably be enough to reset the dollar-centric Bretton Woods system once and for all.4) Foreign nations will stop investing in US government bondsWith the dollar no longer at the center of global finance, foreigners (presently $7.7 trillion) will no longer have the same incentives to own US debt. This means that one of the US government's major funding sources will dry up, leaving politicians scrambling to find money.5) Politicians will demand new and higher taxes.With foreigners no longer buying US government bonds at the same pace, politicians will try to raise tax revenue. Expect wealth taxes, higher income taxes, green taxes, and even windfall profits taxes on certain assets and income like crypto, gold, oil profits, etc.6) Many Americans will move further leftPoliticians and their media allies will insist that capitalism has failed… and rescuing the nation from this hardship will require bigger government and more intervention.What does God's Word say? Proverbs 12:15The way of fools seems right to them, but the wise listen to advice.Proverbs 11:14For lack of guidance a nation falls, but victory is won through many advisers.Episode 1,177 Links:Washington state spends $143 MILLION to get 126 out of homelessness—now Jay Inslee is asking for more; “That's the equivalent of spending... $1,137,256 per person to exit homelessness.”Six predictions from the last week's horrific Treasury report4Patriots https://4patriots.com Protect your family with Food kits, solar generators and more at 4Patriots. Use code TODD for 10% off your first purchase. Alan's Soaps https://alanssoaps.com/TODD Use coupon code ‘TODD' to save an additional 10% off the bundle price. American Financing https://americanfinancing.net Visit to see what American Financing can do for you or call 866-887-2275 BiOptimizers https://bioptimizers.com/todd Use promo code TODD for 10% off your order. Bonefrog https://bonefrog.us Enter promo code TODD at checkout to receive 10% off your subscription. Bulwark Capital http://KnowYourRiskRadio.com Find out how Bulwark Capital Actively Manages risk. Call 866-779-RISK or visit KnowYourRiskRadio.com Patriot Mobile https://patriotmobile.com/herman Get free activation today with offer code HERMAN. Visit or call 878-PATRIOT. SOTA Weight Loss https://sotaweightloss.com SOTA Weight Loss is, say it with me now, STATE OF THE ART! Sound of Freedom https://angel.com/freedom Join the two million and see Sound of Freedom in theaters July 4th. GreenHaven Interactive https://greenhaveninteractive.com Digital Marketing including search engine optimization and website design.

On today's show we are taking a look at interest rates. Yesterday the Federal Reserve increased the Federal Funds rate to a range between 5.25%-5.5%.  This clearly sets the stage for short term interest rates to increase. The yield on the 10 year treasury decreased from 3.91% to 3.86% following the Fed announcement.  The yield on the 30 day Tbill is currently 5.46%. This is matching the Fed funds rate.  Back in October of 2022 the 30 day T-Bill yield was ranging between 2.85% and 3.75% as the Fed was aggressively increasing rates during that period. The yield on the 10 year Treasury at that time was 4.25%. The interest rate that most investor care about is linked to the yield on the 10 year Treasury.  Today we have an interest rate inversion where the market is clearly signalling to the Fed that they don't believe them.  The real question is what's next?  We are seeing deflationary prices. We have a globally synchronized  economic cycle.  The Fed says it is raising rates, and the European Central Bank says it is raising rates. But as we have discussed on this show before, we have not seen a dramatic rise in bond rates over the past 8-9 months. Since most long term lending is indexed to the yield on the 10-year or the 30 year bond, these numbers have hardly moved since October.  If you listen to the rhetoric from the Fed Chairman, you would think they have tremendous influence over the market.  The market sets the rates, not the Fed Open Market Committee.  In Europe, we are seeing demand for credit falling. This is not being driven by rate increases. The reason we know that is that rates have hardly increased. So that cannot be the reason. Businesses are not going to stop borrowing money for a couple of percentage points if they have things to do that will drive business growth. We went from 0% to 2% in Europe. That's not enough to choke off business activity. There must be another explanation.  These are deflation and recessionary markers that are consistent with an economic cycle.  Rates rise when there is a competition for money. Rates fall when there is a lack of demand for money. When we talk about money markets, this is an accurate term in the true sense of the word “market”. Just like the price of tomatoes or gold or oil, if demand goes up and exceeds supply, the price goes up. If demand falls, then prices fall. It's the same thing with money. If demand for money goes up, then interest rates rise. Regardless what the Fed says about rates, we see supply and demand forces are dominating the cost of money over the longer term. 

Last June, during the European Central Bank forum, the host asked the chairman of the Federal Reserve about inflation. The Fed Chairman responded, “I think we now understand better how little we understand about inflation.” “Uh, that's not very reassuring,” the host chuckled. Talk about an understatement. It's downright terrifying. This is the Fed Chairman— the High Priest of finance— who has the power to control virtually everything in the economy. He can conjure trillions of dollars out of thin air practically at will, raise and lower interest rates, push businesses and banks into bankruptcy, and cause people to lose their jobs. And here he is acknowledging that they didn't have a clue about inflation. Thank goodness that was 8 months ago! Certainly by now they've really learned everything they need to know. Wrong. They still don't have a clue. This week Fed officials have been busy giving speeches in advance of their interest rate policy meeting later this month. And they keep complaining that the unemployment rate is too low. Too many people have jobs!! The Fed is trying to put more people out of work... under the assumption that if more people are unemployed, there will be less spending in the economy, and therefore inflation will fall. But this is such idiotic thinking. They may very well be successful in pushing millions of people into the unemployment line. But everybody knows that as soon as this happens, the government will step in and bail those people out with generous unemployment benefits. Think about it— the government did this in the 2008 recession, doling out luxurious unemployment benefits that lasted for YEARS. And during COVID they paid people to NOT work and stay home. So it's practically a given that the government will dish out fresh new benefits to newly unemployed workers. And where will the government get all that money from to pay unemployment benefits? From the FED! Duh. How do these Fed officials not understand this?!?!? Another thing the Fed has totally missed is the ‘quality' of the employment numbers. They fret that there's too much job growth in the US— because they're just looking at the QUANTITY. But if you take even a casual look beyond the headline numbers, you'll see that most of the job growth is for waiters and bartenders. The US labor market doesn't have red hot job growth for software engineers, biomedical researchers, or senior investment analysts. America is essentially becoming a bartender economy now. This is going on in front of their very eyes, but the Fed can't see it. If you look at the official minutes and records from the Fed's policy meetings, you can see what they actually discuss... and it becomes even more obvious they still don't understand inflation. They STILL blame inflation on Putin and the evil virus. There is ZERO discussion about how the government destroyed the economy and labor market with lockdowns, or how oil companies are being chased out of town (leading to higher energy prices), or all the idiotic new rules penned by the woke capitalism mob. And of course there's zero discussion about the Fed's own role in slashing interest rates to zero (and keeping them there for the better part of a decade), or printing more than $8 trillion since the 2008 recession. There's no discussion of the $31+ trillion government debt, or last year's $4 trillion deficit, or the impact of idiotic legislation like the poorly named “Inflation Reduction Act”. Ultimately they consistently prove that the people in charge of managing the US dollar have still learned absolutely nothing. When you think about it, that goes for nearly every major institution. The White House appears to have learned nothing, the media has learned nothing, the high priests of climate change have learned nothing. The good news though, is that everyone else— who feel the impact of these destructive policies— is learn...

Last June, during the European Central Bank forum, the host asked the chairman of the Federal Reserve about inflation. The Fed Chairman responded, “I think we now understand better how little we understand about inflation.” “Uh, that's not very reassuring,” the host chuckled. Talk about an understatement. It's downright terrifying. This is the Fed Chairman— the High Priest of finance— who has the power to control virtually everything in the economy. He can conjure trillions of dollars out of thin air practically at will, raise and lower interest rates, push businesses and banks into bankruptcy, and cause people to lose their jobs. And here he is acknowledging that they didn't have a clue about inflation. Thank goodness that was 8 months ago! Certainly by now they've really learned everything they need to know. Wrong. They still don't have a clue. This week Fed officials have been busy giving speeches in advance of their interest rate policy meeting later this month. And they keep complaining that the unemployment rate is too low. Too many people have jobs!! The Fed is trying to put more people out of work... under the assumption that if more people are unemployed, there will be less spending in the economy, and therefore inflation will fall. But this is such idiotic thinking. They may very well be successful in pushing millions of people into the unemployment line. But everybody knows that as soon as this happens, the government will step in and bail those people out with generous unemployment benefits. Think about it— the government did this in the 2008 recession, doling out luxurious unemployment benefits that lasted for YEARS. And during COVID they paid people to NOT work and stay home. So it's practically a given that the government will dish out fresh new benefits to newly unemployed workers. And where will the government get all that money from to pay unemployment benefits? From the FED! Duh. How do these Fed officials not understand this?!?!? Another thing the Fed has totally missed is the ‘quality' of the employment numbers. They fret that there's too much job growth in the US— because they're just looking at the QUANTITY. But if you take even a casual look beyond the headline numbers, you'll see that most of the job growth is for waiters and bartenders. The US labor market doesn't have red hot job growth for software engineers, biomedical researchers, or senior investment analysts. America is essentially becoming a bartender economy now. This is going on in front of their very eyes, but the Fed can't see it. If you look at the official minutes and records from the Fed's policy meetings, you can see what they actually discuss... and it becomes even more obvious they still don't understand inflation. They STILL blame inflation on Putin and the evil virus. There is ZERO discussion about how the government destroyed the economy and labor market with lockdowns, or how oil companies are being chased out of town (leading to higher energy prices), or all the idiotic new rules penned by the woke capitalism mob. And of course there's zero discussion about the Fed's own role in slashing interest rates to zero (and keeping them there for the better part of a decade), or printing more than $8 trillion since the 2008 recession. There's no discussion of the $31+ trillion government debt, or last year's $4 trillion deficit, or the impact of idiotic legislation like the poorly named “Inflation Reduction Act”. Ultimately they consistently prove that the people in charge of managing the US dollar have still learned absolutely nothing. When you think about it, that goes for nearly every major institution. The White House appears to have learned nothing, the media has learned nothing, the high priests of climate change have learned nothing. The good news though, is that everyone else— who feel the impact of these destructive policies— is learn...

Plus: Shares of Coca-Cola and PepsiCo each fall 0.8% after FTC says it's investigating the companies' pricing practices. Coinbase shares rise 13% after the company says it will eliminate about 20% of its staff. J.R. Whalen reports.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Eurodollar University's Money & Macro AnalysisArticle discussed in today's video: The U.S. Labor Market Is Less Tight Than It Appearshttps://hbr.org/2022/11/the-u-s-labor-market-is-less-tight-than-it-appears?ab=hero-subleft-2Twitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityhttps://www.marketsinsiderpro.comhttps://www.PortfolioShield.netRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlVDISCLOSURESJeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.

Today, Commander Divine speaks with Perianne Boring, founder and president of the Chamber of Digital Commerce, the world's largest trade association representing the blockchain industry. Perianne's mission is to advocate and educate the public and lawmakers about the future of blockchain. In this episode, Perianne busts some of the biggest myths about the cryptocurrency space, including Russian sanctions, environmental impact, and more. Key Takeaways: Myth #1: Bitcoin is bad for the environment. It currently takes 189 terawatts to mine Bitcoin.This is about .1% of the world's energy production. And, over 60% of the energy going to mine Bitcoin is coming from sustainable sources. (We're also starting to see use cases where crypto mining can actually help stabilize the energy grid.) The energy used to mine Bitcoin is a small fraction of the emissions that are created to mine gold, power our financial sector and support our military sector. Myth #2: Russia is using crypto to evade sanctions. There's a current narrative that says Russians are flocking to crypto to evade sanctions. But there is no evidence of that, and there is nothing that would lead us to believe that that would ever be the case in the future. Since Russia entered Crimea in 2014, they've been working to sanction-proof their economy and diversify out of US dollar reserves. Crypto was not a part of their like sanction-proofing strategy at all. Even if they wanted to start using crypto for illicit finance, law enforcement has significant tools to track and trace the flow of cryptocurrencies, due to the open-source nature of blockchains. Even the Treasury's Financial Crimes Enforcement Network put out a statement saying that we are not seeing crypto used for sanctions evasion. Myth #3: Crypto is used for money laundering. .05% of crypto transaction volume has been linked to illicit activity. The open-source data shows us that illicit finance using crypto is not common. And it's also decreasing as a percentage and a portion of the markets. Myth #4: Crypto is going to be shut down by the government. Perianne believes we've already won the regulatory battles. It's already been decided that we're going to allow this technology to thrive in the United States. There are absolutely no efforts, indications, or even a legal path forward to flat out ban cryptocurrency. The conversations that are happening on the regulatory front are negotiations between the industry and the regulators on what regulatory frameworks look like. There certainly will be winners and losers in those conversations, but those are winners and losers between different companies and platforms in the space, not the technology itself. The case for this technology has been made, and we're seeing that play out on the global stage right now. Myth #5: It's too late to invest in Bitcoin. It's not too late to get in if you want to. We are still in incredibly early days, and there's a lot of opportunity. (This is not investment advice. Just Perianne's own opinion!) We are living in a currency experiment. For most of human history, we've used objects of scarcity as money – salt, stones, shells. After that, we used a gold standard for thousands of years. It wasn't until the 1980s that all industrialized nations moved to a fiat system. This is the first time in world economic history that all industrialized nations are using a currency that is only backed by the full faith and credit of the government. Our current economic inflation and collapse is the aftermath of this shift. Perianne believes we're coming back to our original principles of having a sound monetary system, and that Bitcoin could potentially be the path to get there. Bitcoin is the new gold. Bitcoin is a store of value, which means it's playing the role gold has played in portfolios for many decades. The Fed Chairman himself, Jerome Powell,...