In one of my recent Patron Posts, I stated there was virtually no chance the Federal Reserve would be lowering interest rates below the zero bound. In spite of the massive economic damage we’ve seen from the coronavirus shutdown, that has so far remained true. The Fed has continued to say they don’t believe they […]
Central banks, as I’ve laid out in past months of Patron Posts, have been publicly laying the road for a transition to digital currency for many months. Now the coronacrisis is playing directly into their hands. Central banks conduct germ warfare on dirty cash The war on cash has gone viral. Early in March, Zero […]
In the Weimar Republic, children played with stacks of money like building blocks, and people used wheelbarrows to move enough money to buy a small bag of groceries because the German government started printing as much money as it needed for whatever it thought it needed to do. With the Federal Reserve now cranking up […]
That didn’t take long! After posting yesterday that the Fed would try to save the stock market with more rate cuts and more QE that wouldn’t work, the Fed overnight seriously upped the amperage on its QE repos. And it didn’t work spectacularly! That is to say, it was a total face plant in terms […]
It’s urgent time to pull together all the background layed about central banks and their plans for the future from the Patron Posts of the last year and put that together with the situation the Fed is in now based on articles written most recently from central bankers about what the Fed should do.
Let us begin with an overview of the past season’s dramatic financial interventions in pictures. First, here is a picture of global central bank interest-rate cuts and interest-rate hikes over the past decade. As you can see, the masterminds of master finance are currently cutting interest like there is no tomorrow … as though, without […]
![By Vmenkov (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/Burning-money-and-yuanbao-at-the-cemetery-3249.jpg?fit=150%2C113&ssl=1)
I’ve spent the year in these Patron Posts largely looking at the big action ahead — where are central bankers taking money. I’ve avoided conspiracy theories and looked only at the words of central bankers, themselves, as they speak quite openly now and reveal clearly where banks are heading and what is holding them back. […]
One has to believe that a bottom to the rabbit hole of negative interest rates that I wrote about in my last Patron Post will somehow be found, though no one knows where it is. It could come when people refuse to go further, such as by paying banks to hold their money in “savings” […]
Before delving further into the schemes of central banksters for saving their debt-addicted sovereigns from monsters the banksters created in their own laboratories, I thought it might be helpful to present an overview of just how wild their brave new world has become.
Central-banker talk about centrally controlling the entire world’s finances is now so open, you can take the words “conspiracy” and “theory” right out of the discussion and just talk about “public planning.” Public acceptance is broad and trusting enough that the bankers have no need to hide their plans. I’ve been parsing their words this […]
![By Marcosleal (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/BalloonAndStorm.jpg?fit=150%2C100&ssl=1)
The US debt ceiling is likely about to be lifted. When it is, it will release a deluge of government debt issuance that has backed up for four months. That could cause a temporary spike in bond yields as so much debt rushes out to find buyers. That has sometimes happened at such junctures in […]
This Premium Post continues where my last one, “Teasing out the Fed’s Big Plan for our Future,” left off. As a refresher, I noted in that article 1) the Fed Chair’s concern that the Fed is losing public trust and 2) that its monetary policy independence (its monopoly on money) is at risk along with […]
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