The world is and has been crying out for the truth and leadership for quite a while, and unfortunately, it is getting neither. Whether it’s central governments and central banks continuing with their fraudulent and asinine policies that seek to perpetually kick the proverbial can down the road, in attempts to sustain the unsustainable, to the massive amount of political corruption and mismanagement, to various social issues that seemingly never go away, one thing is certain – there is an absence of leadership. Global protests were here well before COVID-19 and they will be with us for the foreseeable future and they will gain momentum and intensify. A political sea change is here and it needs to be, because this global system is collapsing under its own weight. The question then becomes, what policies do we, as a nation, and even as the human race, adopt? Because if it’s more of the same – then we get more of the same. But if we restore our founding principles and free-market capitalism, then our future can outshine all of this darkness that we are experiencing.
Today was also the conclusion of the FOMC meeting whereby the Fed, as expected, kept rates unchanged at the zero bound (0.00 – 0.25bps). It was a terrible performance by Jay Powell, Chairman of the Federal Reserve, during the press conference. Despite facing relatively weak and predictable questions, the fact that what the Fed has and continues to do, makes it very difficult for even the Fed Chairman to defend. In addition, he cannot simply gloss over the devastating economic reality with half the country broke and in debt. Furthermore, the corporate debt load is simply staggering, thus creating one zombie company after the next, which all but guarantees slow and anemic growth ahead. Then you have to take into consideration the massive amount of evictions, insolvencies, bankruptcies, and layoffs that are just around the corner. Take all of this together and not many would have had a solid press conference performance – unless of course one was inclined to tell the truth and to be a leader. But since we do not hear the truth and thus have no leadership in these positions of power, then we will continue to get the same devastating and destructive results. #Economy #Jobs #Leadership #Inflation #Recession #Depression #USA #Liberty #Revolution #BananaRepublic #EndTheFed #Bailouts #Debt #Gold