Flash Mob Robberies Set To Explode Across America As Mass Money Printing Drives The Poor Into Desperation
by: Ethan Huff | Natural News (Natural News) Over the weekend, a series of flash robberies occurred in Oakland, Calif., that left multiple pharmacies and cannabis dispensaries, as well as a Nordstrom, a Louis Vuitton, and a jewelry shop, ransacked of both product and cash. Surveillance footage from the Wellspring Pharmacy shows dozens of thieves swarming the […]
Inflation Surges To Highest Level In 30 Years
Harry Wilmerding The Consumer Price Index increased 0.9% in October, bringing the key inflation indicator’s year-over-year increase to 6.2% as supply shortages continue and demand grows, the U.S. Bureau of Labor Statistics announced Wednesday. The year-over-year inflation figure is an increase from September’s 5.3% level, marking the highest level in 30 years, according to the Bureau of […]
Assessing Market Expectations Of Inflation
by William J. Luther Economists continue to debate whether the high rates of inflation observed over the last few months are transitory or permanent. Year-on-year inflation was 4.3 percent in August. The average annual rate of inflation since January 2020 is around 2.85 percent. Should we expect inflation to return to the Fed’s 2 percent average […]
Fed Reserve Chair: Inflation To Be ‘Elevated For Months’
By Casey Harper | The Center Square (The Center Square) – Federal Reserve Chairman Jerome Powell tried to calm lawmakers’ fears about rising inflation but also said it would probably remain elevated for months to come. Testifying before Congress this week, Powell said the Federal Reserve was willing to step in to address the situation, but […]
Why the Fed Needs Public Banks
by Ellen Brown The Fed’s policy tools – interest rate manipulation, quantitative easing, and “Special Purpose Vehicles” – have all failed to revive local economies suffering from government-mandated shutdowns. The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. […]
Crushing the States, Saving the Banks: The Fed’s Generous New Rules
by Ellen Brown Congress seems to be at war with the states. Only $150 billion of its nearly $3 trillion coronavirus relief package – a mere 5% – has been allocated to the 50 states; and they are not allowed to use it where they need it most, to plug the holes in […]
Socialism at Its Finest after Fed’s Bazooka Fails
by Ellen Brown In what is being called the worst financial crisis since 1929, the US stock market has lost a third of its value in the space of a month, wiping out all of its gains of the last three years. When the Federal Reserve tried to ride to the rescue, it only succeeded in […]
Fed Slashes Rates to Near Zero, Announces Crisis Management Measures
BY TOM OZIMEK The Federal Reserve has slashed its rates to near zero and announced a range of financial crisis management measures, including the launch of a massive $700 billion quantitative easing program, as the United States grapples with the coronavirus pandemic. In a statement, the central bank said it was cutting rates to a target range of […]
The Fed’s Baffling Response to the Coronavirus Explained
By Ellen Brown When the World Health Organization announced on Feb. 24 that it was time to prepare for a global pandemic, the stock market plummeted. Over the following week, the Dow Jones Industrial Average dropped by more than 3,500 points, or 10%. In an attempt to contain the damage, the Federal Reserve on March 3 […]
Neoliberalism Has Met Its Match in China
by Ellen Brown When the Federal Reserve cut interest rates on July 31st for the first time in more than a decade, commentators were asking why. According to official data, the economy was rebounding, unemployment was below 4%, and GDP growth was above 3%. If anything, by the Fed’s own reasoning, it should have […]
