Federal Reserve Board Vice Chairman Stanley Fischer unexpectedly announced his resignation last week. He will resign from the board in October, meaning that President Trump will now be able to appoint at least 4 of the 7 members of the Federal Reserve’s Board of Governors, thus making an immediate impact on monetary policy and potentially impacting monetary policy for decades to come. The Board of Governors of the Federal Reserve System consists of 7 Governors, each of whom is appointed [...]
In the aftermath of the Kansas City Fed’s annual Jackson Hole conference, there has been renewed discussion of a potential currency war. Central banks responded to the financial crisis by pumping trillions of dollars worth of liquidity into the financial system. It wasn’t just the Federal Reserve that engaged in those policies of quantitative easing – the Bank of England, Bank of Japan, European Central Bank and others did the same thing. Those QE policies served to weaken currencies, but [...]
A while back I stated in an interview that I wouldn’t be shocked to see stock markets decline 25% and gold increase 50% by October. That made a lot of headlines because
One of the major issues facing the United States country is the national debt. It’s currently at nearly $20 trillion and growing every day. And while politicians have railed against the debt for decades, it continues to increase. You may think, this isn’t my debt, it’s the government’s debt and it doesn’t affect me. But is that true?
“Planning for a retirement that’s 10, 20, or 30 years in the future is difficult enough, but it’s even more difficult when you can’t anticipate how severe or how frequent market corrections will be. Wouldn’t it be nice to be to able to plan for your retirement and know that your assets will be protected in any eventuality?”
“I see something else on the horizon: another economic crash, just around the corner—caused by the Federal Reserve System and its monetary policy. I’m not the only one, either. There are plenty of economists and financial experts who agree with me…” -Ron Paul, Former U.S Presidential Candidate