One day after the Federal Reserve gave the markets a pot of gold, it appears that it was just as quickly taken away. The major US indexes all closed in the red, with the tech heavy Nasdaq leading the way. This is also on the continuation of rising yields, with a focus on the US 10 year note, which hit levels above 1.7 percent during the trading session. With equity prices at or near all-time high valuations, rising yields and interest rates could pull the rug out from under this massive bubble. Recent history suggests that it can happen, as we witnessed such an episode in Q4 of 2018. This is why so much attention is being paid to rising global bond yields, and the rhetoric and actions of central bankers are being closely monitored. This in and of itself indicates how centrally planned the financial markets and economy have been – as the world, and trillions of dollars of financial assets await the words of only a handful of people. This is dangerous and will end in destruction.
Initial jobless claims for the week ending 13 March were 770,000, which remains over 100k higher than the figures we witnessed during the depths of the GFC. And this has been the case for one full year! The numbers from the prior week were revised upward by 13k and now stand at 725,000. In aggregate, there still remains 18.2 million Americans collecting some form of unemployment insurance. This gives us a de facto unemployment rate of 13 percent as opposed to the official rate at 6.2 per cent. And lastly, the Fed’s balance sheet has hit a new all-time high and now stands at $7.69 trillion. New highs are to be expected on a near weekly basis as the Fed remains committed to purchasing $120 billion per month of US Treasuries and mortgage-backed-securities. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Inflation #FoodPrices #Protests #USA #Liberty #Leadership #Gold #Silver #EndTheFed #bananarepublic #FireCongress
Since the President wanted to sign executive orders to extend unemployment benefits and to suspend the payroll tax cut, among others, which is unconstitutional, we wanted to discuss the unfunded liability situation in the US. The payroll tax is responsible for funding the social security fund as well as that of medicare. Understand that at this juncture, the payroll tax cut is really just a suspension, meaning that the tax will have to be paid at a later date – by the tax deadline in 2021. This could prove to be a big shock to many people who may decide to spend the extra income as oppose to saving it. Of course, many employers will be hesitant to comply with this executive order since it is unconstitutional and because it will likely cause obstacles with respect to their bookkeeping. But hey, it’s an election year, so who cares about the details and the US Constitution?
In other news, we also discuss the decision by the Lebanese government today to resign their post. The weakest link of any chain is the first to break and the dominoes are set as we continue to see countries in economic collapse and others on the brink. The global protests and riots that were occurring prior to COVID-19 were not and are not transitory, but rather history in the making. They will continue and likely escalate as we continue through 2020 and beyond. The world is lacking leadership and direction. Governments are unaccountable and corrupt and central bankers are in a currency war to the bottom where the true costs of these fraudulent acts are borne by the people – and the lower on the income scale, the worse the effects. People around the world are sick and tired of being sick and tired, and thus we are witnessing history in the making with these global protests. Some are violent, some will turn violent, others will demand government resignations, others will overthrow their governments, civil war(s) may ensue, as wars between nations. Let us pray for a peaceful resolution, but if current policies are implemented, then we are sealing our fate to a dim future. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Recession #Debt #Gold #Depression #BananaRepublic #Silver #Bailouts #USA #Lebanon #Protests
The weeks that lie ahead are ones of historic importance for the United States. The impeachment trial of President Donald J Trump is set to commence on Tuesday, 21 January 2020. Many of the rules that are to guide the process in the US Senate are still yet to be determined. It is imperative that the Senate places the US Constitution above partisan politics. It is their duty. It is their solemn obligation to uphold and defend the Constitution. Let the truth be know and may justice be served. This is what the American people deserve and it is what the Constitution requires. This then means that the process must be open, transparent, and fair. And that relevant fact witnesses and documents need to testify and be entered into the record. If not, then the US Senate has failed and with it – the health of the Republic remains in the balance.
On a global front, worldwide protests continue with violence escalating in Lebanon. So many people around the world are at the “end of their ropes,” and have nothing left to lose – so they’re protesting. We’ve been saying two things for quite awhile regarding these protesters – they are the only leaders in the world and these protests are not transitory, but rather history in the making. This is a global sea change and the people of the world are tired of the abuse, fraud, nepotism, and corruption that has for too long reigned in their respective governments. This will get much worse before it gets better. Stay diversified, stay vigilant, and stay with The Kapital News. #Impeachment #Truth #Justice #Peace #Economy #Politics #Recession #EndTheFed
We’ve been discussing global events at a rapid pace as of late with financial and economic news and geopolitical unrest that takes us to nearly all corners of the world. In today’s podcast we provide some updates and insights on what has transpired and what we’re likely to see in the future.
We discuss the testimony of Boeing’s CEO before a Senate panel, updates to Brexit, protests in Lebanon and Chile, the Federal Reserve’s two-day FOMC meeting, US/China trade talks, and further news surrounding the impeachment inquiry. Somewhere in all of this is the truth, but it’s sadly becoming harder and harder to find. We also caution to be very mindful of these global protests – this is not transitory – this is historic. These are the cracks in the foundation making their way throughout the rest of the world. Remember that revolutions are fought on empty stomachs and people around the globe are upset with rising costs of food, living, medical expenses, and corrupt governments and politicians. The world is in the midst of a sea change – and it’s just getting started. Stay diversified, stay vigilant, and stay with The Kapital News. #Protests #Recession #Impeachment #Brexit #Boeing #Economy #Politics #Lebanon #Chile #USA #China #UK #HongKong #Truth #Peace #Justice #Congress
