News — FED

Would Kevin Warsh Give The Fed A Makeover?

Posted by Dirk Watters on

Next February, President Trump’s will decide who will lead the Federal Reserve for the next four-year term…. It will be one of the biggest decisions of his presidency… And Kevin Warsh is at the top of the list. That may be a very good thing… Or it may not. Warsh, a 47-year old Harvard-trained lawyer, investment banker and former Fed governor is a Trump insider and is married to Este-Lauder heiress Jane Lauder. He’s also a fierce critic of current Fed Chair, Janet Yellen… And was highly critical of former Fed chair Ben Bernanke’s quantitative easing policy. Disrupting the “new...

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Will Congress Target Your Retirement Wealth?

Posted by Dirk Watters on

If you’re working hard and saving for retirement by putting money into in your 401K or traditional IRA… The GOP wants you! Not just as a voter, but as a taxpayer. Yep, the GOP wants you to pay more taxes today… And save much less for retirement tomorrow. Why? Mocking Trump’s middle class tax cut Because Donald Trump wants to cut taxes for the middle class to stimulate real growth in the economy… The way President Kennedy did in 1963 and Ronald Reagan did in the 1980s. Both tax cuts worked very well. The difference is that today’s GOP doesn’t...

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De-Dollarizing The World Will Be A Rough Road

Posted by Dirk Watters on

Is the dollar's reign almost over? According to international bankers and traders, currency experts, economists and political analysts, the dollar faces an uphill battle for survival. Some of these forces aligned against the dollar’s continued role in the world include: The role the dollar plays in preventing growth in emerging market economies A huge shift in the global oil trade China new regional and global financial system Growing political and cultural split between Europe and America Each of these causes are a blend of factors that are directly or indirectly pushing the dollar off the global financial stage… Dollar destroys...

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Pension Kryptonite - The Hidden Debt Crisis

Posted by Dirk Watters on

It’s no surprise that interest rates and investment bond yields have been low for years. But what is surprising is that the majority of state and local governments are still projecting unrealistic investment returns of 7-8% per year for their pension fund investments. Since state and local government pension systems are not getting anywhere close to that rate of return, they owe the difference. This means they owe billions of dollars. Millions of American workers have been diligently contributing to their pension plans, essentially lending money to the government today for the promise of a retirement pension later. For many,...

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Pentagon official discharged after writing memo about 'deep state' attack on Trump.

Posted by Brock Bowers on

Former House Speaker Newt Gingrich, one of President Donald Trump's top allies, went after special counsel Robert Mueller calling the former FBI director "the tip of the deep state spear aimed at" Trump. Could the deep state operatives be seeking more than just the removal of our democratic system? Could they be seeking to destroy conservative media and our retirement accounts as we know it? A senior staffer on the National Security Council was dismissed last month after penning a controversial memo claiming that “forces" were working to subvert President Donald Trump's agenda, The Atlantic reported. The elite staffer, Rich Higgins, is a former...

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