Silver as an investment

ZeroHedge: Stephen Roach: Fed Is “Delusional”, Powell Is No Volcker

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Stephen Roach: Fed Is “Delusional”, Powell Is No Volcker

Authored by Stephen Roach via Project Syndicate,

If the US Federal Reserve wishes to avoid a return to stagflation, it must recognize the huge gulf between the level of real interest rates under former Fed Chair Paul Volcker and the current incumbent. It is delusional to think that today’s wildly accommodative monetary policy can solve the worst inflation problem in a generation.

Poor Jerome Powell. With US inflation close to a 40-year high, the Federal Reserve chair knows what he needs to do. He has professed great admiration for Paul Volcker, his 1980s-era predecessor, as a role model.

But, to paraphrase US Senator Lloyd Bentsen’s famous 1988 quip about his vice-presidential rival, Senator Dan Quayle, I knew Paul Volcker very well, and Powell is no Paul Volcker.

Volcker was the quintessential US public servant. He smoked cheap cigars, wore rumpled off-the-rack suits, and had a strong distaste for the glitz of Washington power circles. His legacy was a single-minded discipline in attacking a pernicious Great Inflation.

Unlike the modern Fed, which under Ben Bernanke’s intellectual stewardship created a new arsenal of tools – balance-sheet adjustments, special lending facilities, and the “forward guidance” of outcome-dependent policy signals – the Volcker approach was simple, blunt, and direct. Monetary policy, in Volcker’s view, started and ended with interest rates. He once said to me, “If you are not prepared to act on interest rates, you may as well get out of town.”

Volcker, of course, raised US interest rates to unheard-of levels in 1980-81, and there were many who did want him to get out of town. (more…)

via zerohedge

ZeroHedge: Suppressing the Truth About Suppressors

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Suppressing the Truth About Suppressors

Op-Ed authored by John Velleco via The Epoch Times (emphasis ours),

Big government leftists aren’t only trying to silence your voice on social media and through the Department of Homeland Security’s new Ministry of Truth, they’re also trying to silence your ability to simply possess a firearm suppressor.

Hollywood, the “besties” of the left, likes to make it seem as if a suppressor completely silences a firearm, as seen by clever TV assassins and action-movie stars. Last year, New Jersey Rep. Bonnie Watson-Coleman backed this up, calling silencers “tools of murder.”

Sen. Bob Menendez (also from New Jersey) said, “Gun silencers are dangerous devices with one purpose and one purpose only—to muffle the sound of gunfire from unsuspecting victims.”

I’ll give you one guess as to which two Washington politicians have been watching a few too many Hollywood movies. Hint: they’re the same two who introduced legislation in 2021 to ban all Americans from simply possessing a gun suppressor. Not using one. Possessing one.

Gun suppressors (called “sound moderators” in the UK) only decrease the noise of a gunshot by 20 to 35 decibels. That leaves them still “louder than your average ambulance siren,” according to an article by the Associated Press posted by Police1. That organization is a part of the nation’s leading content, policy, and training platform for public safety. Their job isn’t to kiss babies and raise money; their job is to tell the truth when it comes to how guns work in the real world.

(more…)

via zerohedge

Obamacare ‘Time Bomb’ To Hit Right Before Midterms

This article was originally published by Tyler Durden at ZeroHedge. 

Congressional Democrats have yet another thing to worry about going into this year’s midterm elections.

A temporary pandemic relief program aimed at lowering healthcare premiums under the Affordable Care Act (ACA), also known as Obamacare, is set to expire unless Democrats can revive a reconciliation bill that extends the financial assistance past the end of the year. And that means striking a deal with Sen. Joe Manchin (D-WV).

If they can’t, roughly 13 million Americans will be hit with steep price hikes amid crippling inflation, in what Insider describes as a “time-bomb.”

“There’s no denying that if they are not extended, then there could definitely be a political impact,” said healthcare policy analyst Charles Gaba.

Voters are set to receive notices about premium increases in late October, as they head to the ballot box for the November midterms. Others would find out during the ACA open enrollment period, which begins on November 1.

“If Congress lets the ACA premium help in the American Rescue Plan expire at the end of this year, middle-class people buying their own insurance would be hit hardest,” tweeted Larry Levitt, vice president for health policy at the Kaiser Family Foundation.

Levitt noted that “a middle-class couple of 50 year-olds making $75,000 would see their premium go up by $8,304 on average,” adding “And

Gaba, the healthcare analyst, calculated potential premium hikes using different scenarios based on age, income, marital status and family size, and created two maps to illustrate how letting the ACA assistance lap would affect Americans by state:

In this scenario, a couple nearing retirement age in West Virginia would see their monthly premium soar $2,704 if  enhanced Obamacare subsidies expire, the sharpest increase in the US. Sen. Joe Manchin of West Virginia has been open to reviving pieces of Biden’s agenda without committing to any specific plans and Democrats can’t revive a bill without his support. He has been publicly noncommittal on renewing the program in a smaller package. -Insider

Americans who make just enough to lose access to government help would feel the brunt of the increases. “If you’re in that situation, you’d see all financial aid removed and your net cost would increase pretty dramatically,” said Gaba.

Those who make under 150% of the federal poverty level – $19,320 for singles and $39,750 for a family of four – would also end up paying more if the ACA assistance lapses.

As Insider notes, 20 Senate Democrats urged President Biden to include an extension of Obamacare subsidies a priority in his Build Back Better plan.

In other words – extending the assistance is a no-brainer for Democrats. The only question is whether Manchin will be on board. According to Politico, “Staffers for Manchin and Senate Majority Leader Chuck Schumer have spent the last couple weeks exchanging preliminary ideas for what the framework of a bill might look like,” adding that “the discussions have boosted hopes that an agreement remains in reach, though there is little expectation of a breakthrough before Memorial Day.”

if the insurer hikes the unsubsidized premium by 10% for inflation, that’s another $1,468.

The post Obamacare ‘Time Bomb’ To Hit Right Before Midterms first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

TFMR: TFMR Podcast – Thursday, May 26

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

via TF Metals Report

With TF

32 Comments | 21 Likes

I was able to find a few minutes within all of the graduation hoopla so here’s a podcast to get you ready for tomorrow with some levels to watch ahead of the 3-day US market holiday weekend.

Time was short so straight to it today with a general discussion and a mention of this link:

Stable Coin and Cryptocurrency Investors Are Not the Only Ones in Tears: Ten Crypto Mining Stocks Have Fallen by 50 to 80 Percent Year-to-Date

Stable Coin and Cryptocurrency Investors Are Not the Only Ones in Tears: Ten Crypto Mining Stocks Have Fallen by 50 to 80 Percent Year-to-Date

By Pam Martens and Russ Martens: May 26, 2022 ~ In October 2008 a group or individual using the name Satoshi Nakamoto released a paper outlining a new system for digital cash called Bitcoin. To this day, no one knows who Satoshi Nakomoto really is. For all we know, he/it/they could have been a strawman for the fossil fuels industry. Why do we say that? Because the major beneficiary of crypto has been the fossil fuel industry which has seen a growing demand for its dirty energy from crypto mining companies while the big losers have been the environment, local communities and average citizens around the world hoping to breathe clean air and save the planet for their children and grandchildren. Consider what Senator Elizabeth Warren had to say about crypto at a Senate hearing in June of last year: “Cryptocurrencies have turned out to be a fourth-rate alternative to real … Continue reading

Carnival Cruise Ship Catches Fire In Caribbean 

Carnival Cruise Ship Catches Fire In Caribbean 

Footage on Twitter shows black smoke and flames billowing from a Carnival cruise ship’s smokestack docked at Grand Turk Island in Turks and Caicos.

“Carnival Freedom’s emergency response team quickly activated and extinguished a fire inside the ship’s funnel while the ship was in Grand Turk. All guests and crew are safe, and the ship’s guests were cleared by local authorities to go ashore. We continue to assess the situation,” Carnival Cruise Line tweeted

Cruisemapper shows Carnival Freedom departed Port Canaveral, Florida, on May 23 and is on a five-day voyage around the Eastern Caribbean. 

Footage posted on Twitter shows the cruise ship fire. 

TFMR: Powell’s “Strong” Economy

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

via TF Metals Report

By TF

25 Comments | 13 Likes

We were reminded again yesterday that The Fed believes the US economy is “strong” and “robust”. But nothing in the data suggests that’s true. So, are they lying again? Of course they are. The Fed is simply following the old SPIN and MOPE path.

So I guess that’s where we’ll start on this fine Thursday morning. The “strong” US economy. (more…)

JPMorgan Whistleblower Names Former U.K. Prime Minister Tony Blair in Court Documents as Receiving “Emergency” Payments from Bank

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

JPMorgan Whistleblower Names Former U.K. Prime Minister Tony Blair in Court Documents as Receiving “Emergency” Payments from Bank

By Pam Martens and Russ Martens: May 25, 2022 ~ An attorney turned whistleblower who worked in compliance at JPMorgan Chase, Shaquala Williams, has named former U.K. Prime Minister Tony Blair as one of the parties receiving improperly processed “emergency payments” from the bank. Williams is suing the bank for retaliating against her protected whistleblowing activities by terminating her employment after she raised concerns about these payments to Blair and other serious compliance issues. (The case is Shaquala Williams v JPMorgan Chase, Case Number 1:21-cv-09326, which was filed last November in the Federal District Court for the Southern District of New York.) The new revelation naming Tony Blair was contained in a transcript of Williams’ deposition that was filed with the court last week. Prior to that, Blair had been referred to simply as “a high risk JPMorgan third-party intermediary for Jamie Dimon…” in the Williams’ complaint. The fact that Williams … Continue reading

ZeroHedge: Moderna CEO Laments ‘Throwing 30 Million Doses In The Garbage Because Nobody Wants Them’

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Moderna CEO Laments ‘Throwing 30 Million Doses In The Garbage Because Nobody Wants Them’

Moderna CEO Stéphane Bancel is complaining about having to ‘throw away’ 30 million doses of Covid-19 vaccine because nobody wants them.’

“It’s sad to say, I’m in the process of throwing 30 million doses in the garbage because nobody wants them. We have a big demand problem,” Bancel told an audience at the World Economic Forum, adding that attempts to contact various governments to see if anyone wants to pick up the slack was a total fail.

“We right now have governments – we tried to contact … through the embassies in Washington. Every country, and nobody wants to take them.

“The issue in many countries is that people don’t want vaccines.”

Watch:

via zerohedge

The Level Of Evil In Our Society Is Off The Charts

via the economic collapse blog Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

What in the world has happened to our society?  Every day I scour dozens of news websites as I do research for my articles and upcoming books, and every day I am horrified by all of the evil that I encounter.  We are a deeply, deeply sick society, and more symptoms emerge with each passing day.  For example, what would cause an 18-year-old to walk into an elementary school and start gunning down young children?  When I was growing up, I never once imagined something like that could possibly ever happen in any of the public schools that I attended.  But now this sort of thing is becoming a regular occurrence in America, and the great tragedy that we witnessed on Tuesday quickly made headlines all over the nation

A gunman opened fire at an elementary school in Uvalde on Tuesday, killing 14 students and one teacher, Gov. Greg Abbott said. The gunman, identified by law enforcement as 18-year-old Salvador Ramos, was also killed, Abbott said. Ramos was reportedly a student at Uvalde High School or was a former student, Abbott said. Uvalde Police Chief Pete Arredondo said it appears that Ramos acted alone.

It was not immediately clear how many people, in addition to the dead, were wounded, but Arredondo said there were “several injuries.”

It is also being reported that Ramos actually shot his own grandmother before going over to the school…

The suspect also allegedly shot his grandmother before entering the school and again opening fire, Abbott said. He did not say anything further about her condition.

Decades ago, this sort of incident would have been talked about for years.

But most Americans will forget all about this shooting a few days from now, and that is because school shootings have become incredibly common in our day and time.

In fact, this was the 27th school shooting in the United States so far this year.

How many of them can you name?

Our schools are not safe anymore, and this is one of the big reasons why so many parents are turning to homeschooling.

Of course it isn’t just our schools that have become danger zones.  At this point, major urban areas all over the country are rapidly being transformed into war zones.  According to the CDC, the number of firearm homicides jumped almost 35 percent just from 2019 to 2020…

The United States suffered 19,350 firearm homicides in 2020, up nearly 35 percent compared to 2019, the Centers for Disease Control and Prevention (CDC) said in its latest data.

Sadly, getting shot and killed is not the only thing our kids have to be concerned about these days.

There is also the possibility that they could be abducted and forced into sex slavery.  This actually happened to one extremely unfortunate 15-year-old girl that attended a Dallas Mavericks game a few weeks ago

A 15-year-old Texas girl was rescued by police 10 days after she was kidnapped at a basketball game while using the bathroom, then trafficked by pedophiles.

The unidentified teenager’s father raised the alarm shortly after she left to use the restroom and didn’t return to her seat at a Dallas Maverick game in the American Airline Center on April 8.

She was one of the lucky ones.

There are countless others that are never rescued.

But at least our kids should be safe in church, right?

Wrong.

There are sexual predators there too, and sometimes they are even in the pulpit.

On Sunday, a woman named Bobi Gephart that had her virginity taken by a pastor when she was just 16 years old confronted him in front of the entire congregation

Turning to Lowe, she continued: ‘I was just 16 when you took my virginity on your office floor. Do you remember that? I know you do.

‘You did things to to my teenage body that should have never been done. If you can’t admit the truth, you have to answer to God. You are not the victim here.’

I can’t even begin to describe how evil this is.

And her husband stated that this abuse lasted for a total of nine years

Bobi’s husband Nate then added: ‘This is a lie. This is not just adultery.

‘It’s another level. It happened for nine years. When she was 15, 16, the grooming started.’

I wish that this was an isolated incident, but it isn’t.

In fact, a new report has revealed widespread sexual misconduct in one of the largest Christian denominations in the entire nation…

Leaders in the Southern Baptist Convention publicly apologized to victims of sexual abuse within the denomination and vowed to make public a private database of offenders in response to an explosive report detailing allegations of sexual misconduct and cover-up.

On Tuesday, SBC leaders gathered to discuss a historic investigation report from Guidepost Solutions that found that the denomination’s leadership mishandled widespread sexual abuse allegations, ignored and silenced victims and engaged in an abusive pattern of intimidation largely to avoid liability.

This shouldn’t be happening.

People go to church to find God, but in way too many instances they are encountering predators instead.

We have become a deeply, deeply wicked country, and it is getting worse with each passing year.

It is in this sort of environment that exceedingly wicked leaders can emerge.  In fact, the guy currently in the White House has been telling mammoth lie after mammoth lie for decades

If we lived in a just society filled with decent people, such a man could never have a career in politics.

Of course the entire world is headed in the same direction, and that has enabled someone like Klaus Schwab to become one of the most important leaders on the entire planet…

This week, Schwab boldly told the elite gathered at Davos that “the future is being built by us”

Sadly, to a very large degree he is correct.

They are trying to construct their version of “utopia”, but their plans are starting to crumble as a “perfect storm” of war, economic troubles, food shortages, energy problems and major pestilences hammers their efforts from all sides.

As I have tried to explain for many years, ultimately they will fail.

They have destroyed everything that our forefathers worked so hard to build, and in the end their efforts will be destroyed as well.

But right now just about every form of evil that you can possibly imagine is flourishing in our society, and that should deeply sicken all of us.

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About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

The post The Level Of Evil In Our Society Is Off The Charts appeared first on The Economic Collapse.