How Is the Fed Insolvent and Why Should We Care?
Alex Pollock explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans.
Alex Pollock explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans.
If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession. But "hope" is all the Fed has.
With the creation of the Federal Reserve in 1913, the American people began their new "partnership" with the federal government. The results were wars, inflation, and currency debasement.
The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea.
Recorded in Nashville, Tennessee, on September 23, 2023. Includes audience Q&A period.
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.
Will the economy take off and perform much better than anyone anticipates? Don't bet on it.
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits.
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.
Dr. Jonathan Newman joins Bob to show why you should be wary of charts coming from agenda-driven institutions,