By Ron Paul | RPI | July 30, 2018

President Trump’s recent Tweets expressing displeasure with the Federal Reserve’s (minor) interest rate increases led to accusations that President Trump is undermining the Federal Reserve’s independence. But, the critics ignore the fact that Federal Reserve “independence” is one of the great myths of American politics.

When it comes to intimidating the Federal Reserve, President Trump pales in comparison to President Lyndon Johnson. After the Federal Reserve increased interest rates in 1965, President Johnson summoned then-Fed Chairman William McChesney Martin to Johnson’s Texas ranch where Johnson shoved him against the wall. Physically assaulting the Fed chairman is probably a greater threat to Federal Reserve independence than questioning the Fed’s policies on Twitter.

While Johnson is an extreme example, history is full of cases where presidents pressured the Federal Reserve to adopt policies compatible with the presidents’ agendas — and helpful to their reelection campaigns. Presidents have been pressuring the Fed since its creation. President Warren Harding called on the Fed to lower rates. Richard Nixon was caught on tape joking with then-Fed chair Arthur Burns about Fed independence. And Lloyd Bentsen, President Bill Clinton’s first Treasury secretary, bragged about a “gentleman’s agreement” with then-Fed Chairman Alan Greenspan.

President Trump’s call for low interest rates contradicts Trump’s earlier correct criticism of the Fed’s low interest rate policy as harming middle-class Americans. Low rates can harm the middle class, but they also benefit spend-and-borrow politicians and their favorite special interests by lowering the federal government’s borrowing costs. Significant rate increases could make it impossible for the government to service its existing debt, thus making it difficult for President Trump and Congress to continue increasing welfare and warfare spending.

President Trump will have a long-lasting impact on monetary policy. Two of the three sitting members of the Fed’s board were appointed by President Trump. Two more of Trump’s nominees are pending in the Senate. The nomination of economist Marvin Goodfriend may be in jeopardy because Goodfriend advocates “negative interest rates,” which is a Federal Reserve-imposed tax on savings. If Goodfriend is defeated, President Trump can just nominate another candidate. President Trump will also be able to nominate two other board members. Therefore, by the end of his first term, President Trump could appoint six of the Federal Reserve’s seven board members.

The specter of a Federal Reserve Board dominated by Trump appointees should cause some to rethink the wisdom of allowing a secretive central bank to exercise near-monopoly control over monetary policy. Fear of the havoc a Trumpian Fed could cause may even lead some to support the Audit the Fed legislation and the growing movement to allow Americans to “exit” the Federal Reserve System by using alternatives to fiat money, such as cryptocurrencies and gold.

Given the Federal Reserve’s power to help or hinder a president’s economic agenda and reelection prospects, it is no surprise that presidents try to influence Fed policy. But, instead of worrying about protecting the Fed from President Trump, we should all worry about protecting the American people from the Fed. The first step is passing the Audit the Fed bill, which Congress should do before adjourning to hit the campaign trail. This will let the people know the full truth about America’s monetary policy. Auditing, then ending, the Fed is key to permanently draining the welfare-warfare swamp.


Contributed by Ron Paul of Ron Paul Institute for Peace and Prosperity.

Dr. Ron Paul is an American physician, author, and former politician who served as the U.S. Representative for Texas’s 14th congressional district, which includes Galveston, from 1997 to 2013 as well as the 22nd congressional district for special term between 1976 and 1977, when he lost reelection in 1978, and for 3 later terms, from 1979 to 1985. On three occasions, he sought the presidency of the United States: as the Libertarian Party candidate in 1988 and as a candidate in the Republican primaries in 2008 and 2012. Paul is best known for his libertarian views and is a critic of American foreign, domestic, and monetary policies, including the military–industrial complex, the War on Drugs, and the Federal Reserve.


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By Brandon Turbeville | Natural Blaze \ April 12, 2018

Donald Trump is proving to be following in the footsteps of his predecessor in terms of the possibility of being the most disappointing president of modern times. His latest debacle now comes in the form of the TPP which Trump pulled out of days after assuming the Presidency. Now, however, Trump has announced plans to move back into the TPP even after campaigning against it as well taken Executive action against it.

It ranks as one of the bizarre about faces of any American president.

As the New York Times writes,

President Trump, in a sharp reversal, told a gathering of farm state lawmakers and governors on Thursday morning that he was directing his advisers to look into rejoining the multicountry trade deal known as the Trans-Pacific Partnership, a deal he pulled out of days after assuming the presidency.

Rejoining the 11-country pact could be a significant change in fortune for many American industries that stood to benefit from the trade agreement’s favorable terms and Republican lawmakers who supported the pact. The deal, which was negotiated by the Obama administration, was largely viewed as a tool to prod China into making the type of economic reforms that the United States and others have long wanted.

Both Democrats and Republicans attacked the deal during the president’s campaign, but many business leaders were disappointed when Mr. Trump withdrew from agreement, arguing that the United States would end up with less favorable terms attempting to broker an array of individual trade pacts and that scrapping the deal would empower China.

Republicans in Congress have also been skeptical of Mr. Trump’s tendencies on trade, and 25 Republican senators sent a letter to Mr. Trump urging him to re-engage with the pact “so that the American people can prosper from the tremendous opportunities that these trading partners bring.”

The Trump administration says it has ordered the Agriculture Department to create a program to help farmers hurt by trade. Trade advisers say the department could use a program known as the Commodity Credit Corporation to purchase potentially billions of dollars of crops from American farmers harmed by tariffs.

. . . . .

But such a program would be time-consuming and costly and would come as the budget deficit continues to increase. Many American agriculturalists maintain that the easiest way to help them is to avoid a trade war with China in the first place. And many economists say the best way to combat a rising China and pressure it to open its market is through multilateral trade deals like the Trans-Pacific Partnership, which create favorable trading terms for participants.

. . . . .

“The best thing the United States can do to push back against Chinese cheating now is to lead the other eleven Pacific nations that believe in free trade and the rule of law. It is good news that today the President directed Larry Kudlow and Ambassador Lighthizer to negotiate U.S. entry into TPP,” Senator Ben Sasse, a Nebraska Republican, said in a statement.

Among those who supported the Trans-Pacific Partnership was Mr. Trump’s nominee to head the state department, Mike Pompeo, who said during his confirmation hearing on Thursday that the United States needs “to be deeply engaged” in dealing with China.

China has targeted areas of the country where Trump’s base lies, i.e. rural America and agricultural areas as well as traditional red states for retaliatory tariffs, in order to put political pressure on the President to back off his America First police and “trade war” with China. It seems that policy is working.

With an American Congress completely sold out to international interests, corporations, and banks, bipartisan political pressure is being put to bear on the Trump administration to end its policy of tariffs as well. Naturally, with threats of less money in an already struggling industry, some American farmers are worried about the repercussions of tariffs on their own exports.

This whole debate, however, was framed improperly from the beginning and propaganda pushing Free Trade was shoved down the throats of masses of Americans who simply don’t understand what Free Trade is and how it has destroyed the American economy. Likewise, Trump’s tariffs have been applied haphazardly and in such a way that they are designed to fail.

For instance, Trump’s tariffs only targeted specific goods from specific countries when, in actuality, an across the board Protective Tariff on all goods coming into the country that could reasonably be produced at home would have been the single most effective thing an American president could do to truly make America’s economy great again.

Any “economist” or Congressman that advocates for more Free Trade after its disastrous history worldwide is clearly doing nothing more than shilling for corporations and financiers since Free Trade has done nothing but eviscerate American jobs and lower living standards for the majority of the world’s population.

In this Orwellian world, Americans have been brainwashed into thinking that Free Trade is good and tariffs are bad, despite the former being the reason for the worst American economy since the great Depression and the latter being the reason the United States was once the greatest economy and most equitable economic structure in modern world history at one time.

Regardless, Donald Trump has once again betrayed his base who voted for him due to his criticism of Free Trade, NAFTA, and the TPP (as well as America’s foreign war policy). This should come as no surprise. The level to which Trump is able to make such and abrupt turn without legitimate criticism and legitimate solutions from critics, however, should be the most shocking element.


This article (Donald Trump Moves To Rejoining The TPP) was created by and appeared first at Natural Blaze.

Brandon Turbeville – article archive here – is an author out of Florence, South Carolina. He is the author of six books, Codex Alimentarius — The End of Health Freedom7 Real Conspiracies,Five Sense Solutions and Dispatches From a Dissident, volume 1 and volume 2The Road to Damascus: The Anglo-American Assault on Syria,and The Difference it Makes: 36 Reasons Why Hillary Clinton Should Never Be President. Turbeville has published over 1,000 articles dealing on a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville’s podcast Truth on The Tracks can be found every Monday night 9 pm EST at UCYTV. He is available for radio and TV interviews. Please contact activistpost (at) gmail.com.


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Michael Snyder | Economic Collapse | February 18, 2018

How long can our debt levels keep growing much, much faster than the overall economy?  We haven’t had a year of 3 percent growth for the U.S. economy since the middle of the Bush administration, but we keep borrowing money as if there is no tomorrow.  Much of the focus has been on the exploding debt of the federal government, and that is definitely something I plan to address once I get to Washington.  But on an individual level, U.S. consumers have been extremely irresponsible as well.  In fact, one new survey has found that more than 80 percent of all American adults are currently in debt

It’s no secret that America is a nation that runs on debt, but it may surprise you to learn that the overwhelming majority of U.S. adults owe money in some way, shape, or form. According to new data from Comet, here’s how many Americans have debt at present:

• 80.9% of Baby Boomers

• 79.9% of Gen Xers

• 81.5% of Millennials

For most of us, it starts very early.  We were told that going into debt to get a college education would not be a problem because we would be able to pay those loans off with the good jobs we would get after graduation.

Unfortunately, those good jobs never really materialized for many of us, and now millions of former college students are absolutely drowning in debt

A study released Friday by the Brookings Institution finds that most borrowers who left school owing at least $50,000 in student loans in 2010 had failed to pay down any of their debt four years later. Instead, their balances had on average risen by 5% as interest accrued on their debt.

As of 2014 there were about 5 million borrowers with such large loan balances, out of 40 million Americans total with student debt. Large-balance borrowers represented 17% of student borrowers leaving college or grad school in 2014, up from 2% of all borrowers in 1990 after adjusting for inflation. Large-balance borrowers now owe 58% of the nation’s $1.4 trillion in outstanding student debt.

In addition to owing more than a trillion dollars on student loans, Americans are also now carrying more than a trillion dollars of auto loan debt and more than a trillion dollars of credit card debt.

Corporations have been incredibly irresponsible as well.  Corporate debt has doubled since the last financial crisis, and corporate bankruptcies have been rising steadily in recent years.  All it would take for the dominoes to really start falling is some sort of a major economic downturn.

Local, state and federal government debt levels are all at record highs as well.  It is now being projected that our national debt will hit 30 trillion dollars by 2028, and those projections are probably too optimistic.

My guess is that we will almost certainly hit the 30 trillion dollar mark far sooner than that.

We can’t keep doing this to ourselves.  Our incessant greed is literally destroying the future, but anyone that tries to warn about the collective insanity that has descended upon our society is mocked and ridiculed.

Let me ask you a question.

Would you willingly choose to give yourself cancer?

Of course not, but that is essentially what we are doing to ourselves as a society.

Debt is economic cancer, and as Lance Roberts has pointed out, if we continue to allow debt levels to grow like this eventually it will kill our entire economy…

Debt is, by its very nature, a cancer on economic growth. As debt levels rise it consumes more capital by diverting it from productive investments into debt service. As debt levels spread through the system it consumes greater amounts of capital until it eventually kills the host.

Debt is addictive, because it does boost our standard of living in the short-term.  It is so easy to keep going back for one more “hit”, but every time we do it just makes our long-term crisis even worse.

Most people out there seem to think that our economic problems have been “solved”, but that is not true at all.

The truth is that our long-term problems just continue to grow with each passing day, and that is one of the reasons why I am so determined to go to Washington.  We are at such a critical juncture right now, and if something is not done the prognosis is extremely negative.

If we stay on this current path, the very best that we can hope for is a “soft landing” and a greatly reduced standard of living for future generations of Americans.  Here is more from Lance Roberts

The processes that fueled the economic growth over the last 30 years are now beginning to run in reverse, and when combined with the demographic shifts in the U.S., the impact could be far more immediate and prolonged than the media, economists, and analysts are currently expecting. Sacrifices will have to be made, the economy will drag on at subpar rates of growth, individuals will be working far longer into their retirement years and the next generation of Americans will lead a far different life than what the currently retiring generation enjoyed.

It is simply a function of the math.

I am sorry for not writing more lately.  I have been working night and day to get ready for May 15th.  With Donald Trump in the White House, this is our opportunity to take our government back.  If we miss this window, we may never have this sort of opportunity ever again.

America is drowning in debt, but of course our problems go far beyond that.  Our economic, political, cultural and spiritual problems go very deep, and we desperately need to change course as a nation.

Unfortunately, most of the population is in a deep state of sleep, and my hope is that we can wake them up while there is still time to turn things around.


Michael Snyder is a pro-Trump candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.


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Rachel Blevins | Free Thought Project | Jan. 11, 2018

While Americans celebrated the holidays, President Trump followed in the footsteps of his predecessors by acting in the interest of Wall Street and using the distraction to do something that was not in the best interest of the American people. He pardoned five megabanks for rampant fraud and corruption, which is especially notable because of the amount of money he owes them.

Trump has been using Deutsche Bank since the 1990s, and Financial Times has reported that he now owes the bank at least $130 million in outstanding loans secured in properties in Miami, Chicago, and Washington. However, a source told the Times that the actual number is likely much larger at $300 million.

Reports claimed that Deutsche was the only bank willing to lend Trump money after his companies faced multiple bankruptcies. The relationship has continued over the years, and an analysis from the Wall Street Journal claimed that Trump has received at least $2.5 billion in loans from Deutsche Bank over the last 20 years.

There have been concerns about Trump’s ties to the bank becoming a conflict of interest, dating back to the 2016 election, and the evidence to support those concerns is now becoming clear.

During the week of Christmas, the Federal Register announced that the Trump Administration had issued waivers to Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank—all megabanks facing charges of fraud and corruption.

The banks were involved in the LIBOR Scandal, in which they colluded to deliberately depress the rate at which they paid out on investments. By suppressing the London Interbank Offered Rate (LIBOR) at the beginning of an economic crisis in 2007, the megabanks were able to boost their earnings and to give their customers a false sense of security.

Deutsche Bank pled guilty to wire fraud in a U.S. court in 2015, and it went on to pay $3.5 billion for its role in the LIBOR scandal—more than any other bank involved—before it reached a $7.2 billion settlement with the Justice Department in early 2017.

Then in June 2017, Deutsche Bank trader David Liew, who is based in Singapore, pleaded guilty to conspiring to spoof gold, silver, platinum and palladium futures in federal court in Chicago, confirming that the biggest banks in the world have conspired to rig precious metals markets.

While Trump granted 5-year exemptions to Citigroup, JPMorgan, and Barclays, and 3-year exemptions to UBS and Deutsche Bank, it should be noted that his administration is not the only one to have done this. As International Business Times noted, “In late 2016, the Obama administration extended temporary one-year waivers to five banks,” which just happened to be the same ones Trump has now extended the exemptions on—revealing the real rulers in DC.

Not surprisingly, the latest decision to pardon the banks comes in stark contrast to one of Trump’s most applauded campaign promises—that he would finally stand up against Wall Street and demand that the most powerful banks be held accountable to the public.

“I’m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us. We’re going to tax Wall Street,” Trump said during a campaign rally in January 2016.


Rachel Blevins is a Texas-based journalist who aspires to break the left/right paradigm in media and politics by pursuing truth and questioning existing narratives. Follow Rachel on FacebookTwitter and YouTube. This article first appeared at The Free Thought Project.


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Michael Snyder | The Economic Collapse | Nov. 23, 2017

If the economy is doing just fine, then why is homelessness at levels not seen “since the Great Depression” in major cities all over the country?  If the U.S. economy was actually in good shape, we would expect that the number of people that are homeless would be going down or at least stabilizing.  Instead, we have a growing national crisis on our hands.  In fact, within the past two years “at least 10 cities or municipal regions in California, Oregon and Washington” have declared a state of emergency because the number of homeless is growing so rapidly.

Things are particularly bad in southern California, and this year the Midnight Mission will literally be feeding a small army of people that have nowhere to sleep at night…

Thanksgiving meals will be served to thousands of homeless and near-homeless individuals today on Skid Row and in Pasadena and Canoga Park amid calls for donations and volunteers for the rest of the year.

The Midnight Mission will serve Thanksgiving brunch to nearly 2,500 homeless and near-homeless men, women and children, according to Georgia Berkovich, its director of public affairs.

Overall, the Midnight Mission serves more than a million meals a year, and Berkovich says that homelessness hasn’t been this bad in southern California “since the Great Depression”

Berkovich said the group has been serving nearly 1 million meals a year each year since 2013.

“We haven’t seen numbers like this since the Great Depression,” she said.

And of course the official numbers confirm what Berkovich is claiming.  According to an article published earlier this year, the number of homeless people living in Los Angeles County has never been higher…

The number of homeless people in Los Angeles has jumped to a new record, as city officials grapple with a humanitarian crisis of proportions remarkable for a modern American metropolis.

Municipal leaders said that a recent count over several nights found 55,188 homeless people living in a survey region comprising most of Los Angeles County, up more than 25% from last year.

If the California economy is truly doing well, then why is this happening?

We see the same thing happening when we look at the east coast.  Just check out these numbers from New York City

In recent years the number of homeless people has grown. Whereas rents increased by 18% between 2005 and 2015, incomes rose by 5%. When Rudy Giuliani entered City Hall in 1994, 24,000 people lived in shelters. About 31,000 lived in them when Mike Bloomberg became mayor in 2002. When Bill de Blasio entered City Hall in 2014, 51,500 did. The number of homeless people now in shelters is around 63,000.

For New York, this is the highest that the homeless population has been since the Great Depression, and city leaders are trying to come up with a solution.

Meanwhile, things are so bad in Seattle that “400 unauthorized tent camps” have popped up…

Housing prices are soaring here thanks to the tech industry, but the boom comes with a consequence: A surge in homelessness marked by 400 unauthorized tent camps in parks, under bridges, on freeway medians and along busy sidewalks. The liberal city is trying to figure out what to do.

Are you noticing a theme?

Homelessness is at epidemic levels all over the U.S., and this crisis is getting worse with each passing day.  Some communities are trying to care for their growing homeless populations, but others are simply trying to force them to go somewhere else.  They are doing this by essentially making it illegal to be homeless.  In some cities it is now a crime to engage in “public camping”, to “block a walkway” or to create any sort of “temporary structure for human habitation”.  These laws specifically target the homeless, and they are very cruel.

Many of us tend to picture the homeless as mostly lazy older men that don’t want to work and that instead want to drink or do drugs all day.

But the truth is that women and children make up a significant percentage of the homeless.  In fact, the number of homeless children in our country has increased by about 60 percent since the end of the last recession.

And there are thousands upon thousands of military veterans that are homeless.  For example, a 34-year-old man named Johnny that served in the Marine Corps recently used his last 20 dollars to buy fuel for a woman that had run out of gas and was stranded along I-95 in Miami

Pulled over on the side of I-95, McClure, 27, was approached by a homeless man named Johnny. She was apprehensive at first, but Johnny told her to get back into her car and to lock the doors while he walked to get her help. He went to a nearby gas station, used his last $20 fill a can and brought it back to fill up her car.

Grateful, but without a dollar to repay him, McClure promised she would come back with something.

In the weeks since, she’s returned to the spot along I-95 where Johnny stays with cash, snacks and Wawa gift cards. Each time she’s stopped by with her boyfriend, Mark D’Amico, they’ve learned a bit more about Johnny’s story, and become humbled by his gratitude.

Deciding that they wanted to do even more for Johnny, they started a GoFundMe page for him and have since raised approximately $250,000.

So it looks like there is going to be a happy ending to Johnny’s story, but the truth is that more people are falling into homelessness with each passing day.

If things are this bad now, how much worse will they become as the economy really starts slowing down?  Already, we have shattered the all-time yearly record for retail store closings, and we still have more than a month to go.  The following is from a CNN article entitled “Is This The Last Black Friday?”

A record number of store closures — 6,735 — have already been announced this year. That’s more than triple the tally for 2016, according to Fung Global Retail and Technology, a retail think tank.

And there have been 620 bankruptcies in the sector so far this year, according to BankruptcyData.com, up 31% from the same period last year. Prominent names such as Toys R Us, Gymboree, Payless Shoes and RadioShack have all filed this year, and Sears Holdings (SHLD), which owns both the iconic Sears and Kmart chains, has warned there is “substantial doubt” it can remain in business.

Sadly, analysts are projecting that the number of store closings could be as high as 9,000 next year.

Yes, there are some areas of the country that are doing well right now, but there are many others that are not.

Let us always remember to have compassion on those that are struggling, because someday we may be the ones that end up needing some help.


Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.


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