After yesterday’s Federal Reserve Meeting, Jerome Powell completed his one month transformation from an independent hawkish Chairman trying to do what is right for the country to a weak kneed Wall Street lackey doing their bidding, just as Yellen, Bernanke and Greenspan had done before. It appears he was summoned to a dark room about a month ago and given a talking to. Much like this speech.
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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Why, are we QE’ing again?
The FED is a curse, fiat money is a curse.
these shyster bankers have raised the prime rate to just over 2.5%, but we peon still see 0.01% on our savings, why?
why has the interest rates the banks pay to their customers (who afford the banks the capital to lend) been kept at close to zero, while it rises for them?
are bankers better than us?
don’t answer that, it will only divide us.
The FED IS a curse. But there are plenty of banks paying around 2% for a money market account.
I assume these are all rhetorical questions? In the “old days” (10 years ago) I’d be making $100k in ‘risk free’ income in bank CD’s … ezy peezy retirement … no longer.
To push you into US Treasuries which are yielding around 2.5%. Gotta fund the deficit.
One of cinema’s great moments from a legendary film with several great moments.
Ned Beatty got paid back in spades for his humiliation in “Deliverance” with this towering role.
Jerry Powell didn’t get hauled into the Boardroom anytime in the recent past. He got his speech and branding the day he graduated from Georgetown Law or no later than his employment with The Carlyle Group. He’s a quiet insider who knows how the Beast is supposed to work, and who he works for.
He is simply a tool of The Evil Fuckers.
What they really meant to say: There are more hard assets in America that we can still buy up so we aren’t going to crash the markets and reset the debt until we own all the assets.
Dammit, Jim! I forgot all about Ned Beatty’s monologue from Network. Between that scene and the one from Deliverance, his versatility in playing offensively and defensively is beyond dispute.
What sucks is this: Instead of my 4,000-word essay to be posted here tomorrow, I might as well have saved the time this week and just put up the text from that video above.
Oh well, a little redundancy never harmed anyone; except, perhaps, in the voting booth?
Trump is a great negotiator. +1000 points on the Dow Jones and it only cost him a military intervention in Venezuela on behalf of Israel and caving on the wall.