It’s Not China – Time To Learn The Lesson of August 15, 1971

ChinaHarley Schlanger – With legitimate warning signs that a “significant correction”, or even a global financial collapse is imminent, the usual gaggle of idiots pontificating in mainstream media venues are madly pointing fingers at President Trump. He is wrong, some proclaim, for focusing on the Federal Reserve and interest rates, while others point to launching a trade war against China as the cause of the present deepening crisis.

They blather on about the danger of “inverted yields” on bond markets, while they argue about whether the U.S. or China is “winning” the trade war, putting forward a blizzard of talking points which are minimally confusing, and ultimately designed to convince listeners that there is no alternative but to “batten down the hatches,” and “stay the course.”

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A Reverse Bucket List

goldGary Christenson – Jack Nicholson and Morgan Freeman starred in the 2007 movie, “The Bucket List.” A “bucket list” defines things we want to do before we die, before we “kick the bucket.”

A reverse bucket list—as used here—is a list of things that have already occurred but we wish had not happened.

The Reverse Bucket List

1- The Federal Reserve Act authorized the central bank of the United States.

That act allowed a privately owned bank—The Federal Reserve—which is neither federal nor a reserve—to control the nation’s money supply. Politicians and bankers are pleased The Fed exists because it enhances their power and wealth. However, the Fed devalues the dollar and creates price inflation for consumers and stocks. This weakens the economy and transfers wealth to the political and financial elite.

Not everyone wishes the Fed would disappear, but that desire is number one on this Reverse Bucket List. (I’m not optimistic about its demise…) Read “Secretly Sticking it to Americans.” Continue reading