Exposing The Creature From Jekyll Island
Apr 25, 2017 5:07:59 GMT -5
Post by avordvet on Apr 25, 2017 5:07:59 GMT -5
Is The Fed About To Drop The MOAB On Wall Street?
by Tyler Durden, Apr 24, 2017 8:55 PM, Authored by Michael Pento via PentoPort.com,
Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is nothing short of a bad joke…and it’s on them.
For starters, the government’s fiscal deficit for the month of March came in at $176.2 billion, which means the deficit 6 months into fiscal 2017 is $526.9 billion and running 15% over last year. If not for the calendar timing of receipts and payments, our government's deficit would be a year-to-date $564.0 billion or 23% above last year. In addition, there was an 18% decline in corporate income tax collection. We all know there was no corporate tax reform passed. So the credible conclusion must be reached that corporations are not growing there profits…they are actually shrinking.
The nation will now bump up against the $20 trillion debt ceiling on April 28th and is facing a possible government shutdown. This will happen to coincide with day 100 of Trump’s Presidency.
Unfortunately, Trump resembles more like a swamp creature as the days go on. Sadly, he becoming a flip-flopping carnival barker that duped the American public into believing he was actually going to cause an earthquake in Washington that shook the government back down to its constitutional foundation.
www.zerohedge.com/news/2017-04-24/fed-about-drop-moab-wall-street
by Tyler Durden, Apr 24, 2017 8:55 PM, Authored by Michael Pento via PentoPort.com,
Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is nothing short of a bad joke…and it’s on them.
For starters, the government’s fiscal deficit for the month of March came in at $176.2 billion, which means the deficit 6 months into fiscal 2017 is $526.9 billion and running 15% over last year. If not for the calendar timing of receipts and payments, our government's deficit would be a year-to-date $564.0 billion or 23% above last year. In addition, there was an 18% decline in corporate income tax collection. We all know there was no corporate tax reform passed. So the credible conclusion must be reached that corporations are not growing there profits…they are actually shrinking.
The nation will now bump up against the $20 trillion debt ceiling on April 28th and is facing a possible government shutdown. This will happen to coincide with day 100 of Trump’s Presidency.
Unfortunately, Trump resembles more like a swamp creature as the days go on. Sadly, he becoming a flip-flopping carnival barker that duped the American public into believing he was actually going to cause an earthquake in Washington that shook the government back down to its constitutional foundation.
www.zerohedge.com/news/2017-04-24/fed-about-drop-moab-wall-street
G. Edward Griffin: Exposing The Creature From Jekyll Island
by Tyler Durden, Apr 24, 2017 8:10 PM, Authored by Adam Taggart via PeakProsperity.com,
G. Edward Griffin, the author of the seminal book on the formation of the Federal Reserve, The Creature of Jekyll Island, joins the podcast this week to add his perspective to our ongoing critical examination of the Fed and the impact its actions are having on society.
Meeting Ed and getting to spend time with him was a real honor for Chris and me. His breadth of knowledge of the central banking system as well as his engaging manner of storytelling are masterful. Plus, he's simply a wonderfully kind person.
Ed's decades of research and critique of the Federal Reserve, sadly, have left him with conclusions that corroborate our own. Despite its carefully-crafted image as an essential public servant, Griffin concludes it is anything but. It is a private cartel that has connived its way to tremendous advantage and power, secretly (and not-so-secretly) plundering the American people of their treasure and freedoms.
On The Fed's True Goals
www.zerohedge.com/news/2017-04-24/g-edward-griffin-exposing-creature-jekyll-island
by Tyler Durden, Apr 24, 2017 8:10 PM, Authored by Adam Taggart via PeakProsperity.com,
G. Edward Griffin, the author of the seminal book on the formation of the Federal Reserve, The Creature of Jekyll Island, joins the podcast this week to add his perspective to our ongoing critical examination of the Fed and the impact its actions are having on society.
Meeting Ed and getting to spend time with him was a real honor for Chris and me. His breadth of knowledge of the central banking system as well as his engaging manner of storytelling are masterful. Plus, he's simply a wonderfully kind person.
Ed's decades of research and critique of the Federal Reserve, sadly, have left him with conclusions that corroborate our own. Despite its carefully-crafted image as an essential public servant, Griffin concludes it is anything but. It is a private cartel that has connived its way to tremendous advantage and power, secretly (and not-so-secretly) plundering the American people of their treasure and freedoms.
On The Fed's True Goals
www.zerohedge.com/news/2017-04-24/g-edward-griffin-exposing-creature-jekyll-island