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With only about 103 days remaining until the potentially history-altering Congressional election of 2022 -- for which America First Republicans are already projected to establish a commanding majority -- Jerome Powell -- a White Hat agent and the first non-Jewish Fed Chairman in a long time -- has just dealt yet another interest-rate blow to "Biden's" Demonrat Party. This is a deliberate "Herbert Hooverization" of the election -- only this time, the Deep State politicians are the targets, not the beneficiaries of the economic throttling.
From one of several articles in the Slimes:
"The Federal Reserve, determined to choke off rapid inflation before it becomes a permanent feature of the American economy, is steering toward (it became official after this story appeared) another three-quarter-point interest rate increase later this month even as the economy shows early signs of slowing and recession fears mount."
Of course, the naive writer -- a little girl with an economics degree named Jeanna Smialek -- is clueless of the "secret war" and the geo-political "big picture" of things. She really believes that this is about "fighting inflation." Nonetheless, a deconstruction of her scribblings provides us with a good "teachable moment" ™ for exposing the folly and criminality of our post-1913 central bank monetary system.
From one of several articles in the Slimes:
"The Federal Reserve, determined to choke off rapid inflation before it becomes a permanent feature of the American economy, is steering toward (it became official after this story appeared) another three-quarter-point interest rate increase later this month even as the economy shows early signs of slowing and recession fears mount."
Of course, the naive writer -- a little girl with an economics degree named Jeanna Smialek -- is clueless of the "secret war" and the geo-political "big picture" of things. She really believes that this is about "fighting inflation." Nonetheless, a deconstruction of her scribblings provides us with a good "teachable moment" ™ for exposing the folly and criminality of our post-1913 central bank monetary system.
1. Awwww. Cute little Jeanna with her MBA from New York University is going to school us on economics. // 2. Trump dumped Yenta Yellen and replaced her with Powell -- who is clearly part of "the plan." // 3. 1932: By deliberate design, Fed rate hikes and monetary contraction engineered the fall of President Hoover and the conservative Republicans; and the revolutionary rise of FDR and the Demonrats.
1. Fed Chair Eugene Meyer (cough cough) ran the "get Hoover" money-contraction operation which ruined Hoover's presidency. After FDR was inaugurated in 1933, Meyer stepped down from the Fed and purchased the Washington Post at a bargain, Depression Era price. // 2. His daughter, Katherine Meyer Graham took over the Post after his death. She and her hit-men (Bob Woodward & Carl Bernstein) used it to destroy Richard Nixon and usher in the 1974 Demonrat "Watergate Babies" into Congress. // 3. Woodward & Bernstein are now elderly Trump-bashers that few take seriously anymore.
Smialek: Economic data suggest that the United States could be headed for a rough road: Consumer confidence has plummeted, the economy could post two straight quarters of negative growth and new factory orders have sagged as investors fear an impending downturn.
Analysis: That's essentially correct, but as usual, these Fake Economists never explain the reasons why we are experiencing a "downturn." Those reasons are:
* Ongoing after-effects of the Stupid-19 HOAX / lockdown
* Inflationary explosion of the debt-money supply (ostensibly to deal with Stupid-19)
* Recent interest rate hikes (ostensibly to fight inflation)
Smialek: But that weakening is unlikely to dissuade central bankers. Some degree of economic slowdown would be welcome news for the Fed — which is actively trying to cool the economy --
Analysis: The criminal madness of a system which sees a "slowdown" / "cooling economy" (job losses) as "welcome news" should be self-evident to a 5-year old.
Smialek: ... and a commitment to restoring price stability could keep officials on an aggressive policy path.
Analysis: When these geeks speak of "restoring price stability" -- they are referring to slowing the rate of price inflation. The actual prices never go back to what they were.
1 & 2. The "Business Cycle" -- thought by fools to be a natural occurrence -- is actually a trick of the Monetary Magicians at the Fed. // 3. Congressman Charles A. Lindbergh (R-MN) warned about the coming central bank: “"When the President (Wilson) signs this act, the invisible government by the money power -- proven to exist by the Monetary Trust Investigation -- will be legalized. The new law will create inflation whenever the trusts want inflation. From now on, depressions will be scientifically created.”
Smialek: Inflation measures are running at or near the fastest pace in four decades, and the job market, while moderating somewhat, remains unusually strong
Analysis: Listen to the language of monetary madness here. It tells you all you need to know. The anti-inflation "experts" want the job market to "moderate" because it is "unusually strong." Essentially, what Smialek is describing amounts to:
"Let's throw indebted people out of work and make their loans more expensive. That ought to slow inflation."
That's like telling new parents to stop feeding their babies in order to reduce their diaper expenses.
Smialek: Officials are eager to move rates up to a point where they are weighing on growth as policymakers ramp up their battle against inflation.
Analysis: How can the counterfeiting, loan sharking, market rigging Fed ever wage an effective "battle against inflation" when it is the actual cause of inflation (debt-based currency debasement) in the first place?
Smialek: The central bank will announce its next rate decision on July 27 (already done)--- and several key data points are set for release between now and then -- so the size of the move is not set in stone. But a big rate move may well be in store.
Analysis: Because rates have long been at "historic lows," the .75 rate hike should not be catastrophic or depressionary. However, it will suppress the GDP and stock market numbers enough for a "recession" to be officially recognized before Election Day.
The November bloodbath will be epic. Then the rebuilding -- and, as Trump once promised -- the auditing of the criminal Fed can commence. Until then, no pain, no gain.
***
Boobus Americanus 1: I read in the New York Times today that the Fed just raised the main rate by .75.
Boobus Americanus 2: Oh no! I have a variable rate mortgage!
*
St. Sugar: It'ss "Biden's" fault, Boobuss!
Editor: Money talks. Many a Boobus Demonrat voter will either stay home this fall, or even vote for a Republican.
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Boobus Americanus 1: I read in the New York Times today that the Fed just raised the main rate by .75.
Boobus Americanus 2: Oh no! I have a variable rate mortgage!
*
St. Sugar: It'ss "Biden's" fault, Boobuss!
Editor: Money talks. Many a Boobus Demonrat voter will either stay home this fall, or even vote for a Republican.
DONATIONS TO HELP US GROW
MIKE'S BANNED BOOKS & PDFS
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