Greg Hunter – Economic analyst and financial writer David Morgan says do not expect the Federal Reserve to lower interest rates anytime soon. Morgan thinks the Fed is not going to devalue the dollar.
Morgan explains, “We need to continue the dollar until the new system is initiated. That’s the point. Yes, it’s about interest rates, that is part of the mechanics about this. The philosophy is we need a dollar in the system as the king when we transition into the new system.
Sundance – The ISM manufacturing survey was released today showing exceptional economic news on the manufacturing front. New orders for manufactured goods jumped to their highest level in 17 years and were 3.4 percent higher than pre-pandemic levels. That data matches our earlier ground reports from across the nation.
The manufacturing sector inventories are low, which means this cycle of replenishment will continue for some time. Orders for customer goods continue to drive expansion, investment, and operational increases in productivity. Customer demand drives the need for increased hiring in manufacturing companies like Dyson Corp, for example …. that demand drives wages… and so the middle-class is again on track for a fantastic rebound. That’s MAGAnomics.
Douglas Andrews – If you’ve resisted the urge to chug a bottle of cheap bourbon due to the collapse of your retirement savings, congratulations are in order: You just survived the nation’s worst first-half stock market performance in more than half a century.
No doubt you already know this, but Joe Biden did that. As Yahoo Finance reports:
The S&P 500 fell by 0.9% on Thursday to reach 3,785.38, ending the first half of 2022 lower by 20.6% for its worst start to a year since 1970. The Dow ended Thursday’s session at 30,775.43, dropping 15.3% for the year-to-date for its worst first half since 1962. And the Nasdaq’s 29.5% drop so far in 2022 marked its worst first half on record.
Greg Hunter – Macroeconomic analyst Rob Kirby has long predicted Fed money printing would have to go “on a vertical curve where money has to be added to the system . . . to keep the system from crapping out and imploding.” Kirby said this more than a year ago. Massive money printing can no longer be hidden, and it has disastrous and dire implications for the dollar.
Kirby explains, “They are not hiding it. It’s too big. If you have an elephant under your carpet in the living room, you can’t say ignore the bump. Elephants are hard to hide.
Greg Hunter – Back in July, legendary geopolitical and financial cycle analyst Martin Armstrong boldly said, “The system has come to an end.” What are we seeing now? There is massive inflation, huge defaults of debt in China, a badly broken supply chain and a hostile government against “We the People” here in America.
It sure looks like the end of this system is near. Armstrong contends it is not an accident that all this is happening now to the United States because Marxist globalists want to overthrow our Constitutional form of government.