Speaker of the House, Nancy Pelosi, announced today that she is asking the Chairmen of the appropriate committees to draft formal Articles of Impeachment against Donald J. Trump, the 45th President of the United States of America. This is an historic day for this Republic and this should be viewed as a serious process and looked at objectively. In short order, the public will made aware as to how many formal charges may be levied against President Trump. It is expected that a vote on Impeachment will take place prior to Christmas. If passed by the House, then the trial will move to the Senate.
On the economic front, interesting data from Deutsche Bank showing the median age of US homebuyers has increased from 31 in 1981 to 47 in 2019. Even since the Great Financial Crisis, the median age increased by 8 years from 39 to 47 years of age. This is in large part a direct response from years of easy monetary policy. Such actions have created a lost generation if not generations. The distortionary effects of easy monetary policy has caused so much malinvestment around the world, that it is extremely difficult to make heads and tails as to what prices should actually be. It is market forces that are to determine the price level for all items – not intervention. When the Federal Reserve and other central banks, along with governments, enter the scene, they prevent this price discovery from happening. Thus kicking the proverbial can ever further down the road. This is an immoral and unethical practice for certain and we would argue that it’s a criminal act as well. These negative effects will affect younger generations and future generations who are not even in existence. Nevertheless, while these generations had nothing to do with these governments and policies, they will still have to pay the costs. And the costs will be multi-fold. Stay diversified, stay vigilant, and stay with The Kapital News. #Impeachment #Peace #Truth #Justice #Economy #Politics #Recession #EndTheFed #Protests #Congress