Fed chief issues stark warning to Congress on deficits
Oh boy The Fed is telling Congress it's either tighten your belt or watch the dollar crash in essence. And Bill Gates buys a 500 million dollar super yacht and Bezo buys 165millon dollar home in California and dumping his stock in Amazon .I wonder did they pay in cash? Before the coming crash? And who backs the banks now? That's right all the deposits are stock holders now. Thanks to our illustrious Congress.
serf
Powell told a House committee Tuesday that lawmakers should curb federal
spending while the economy is running strong before a downturn forces
Congress or the Fed to pump stimulus spending into the U.S.
Rep. Katie Porter (D-Calif.) questioned Powell on why he attended a party at the Washington, D.C., home of Amazon CEO Jeff Bezos that was attended by several top White House officials, including Jared Kushner and Ivanka Trump and JPMorgan Chase CEO Jamie Dimon.
https://www.globalresearch.ca/depositors-not-taxpayers-will-take-the-hit-for-the-next-2008-crash-because-major-banks-may-use-the-bail-in-system/5649949
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us55840 said:The sky if falling again but I got my tinfoil hat so will be just fine.
Keep up the good work! You need the some time to adjust you tin foil hat however! Your president agrees with the Federal Reserve! Imagine that! Now we need to cut Congress salary across the board too!
President Trump has declared that, Serious economic conditions’ demand cut to planned federal worker raise,
I guess his tin foil hat fell off before!
serfhttps://www.mcclatchydc.com/news/politics-government/white-house/article240228646.html
Noting that presidents can put in place alternate pay adjustment plans in case of “national emergency or serious economic conditions affecting the general welfare.”0 -
most people have NO clue that when they have money in the bank they NO LONGER Own that money....they have given the bank an UNSECURED LOAN and will be placed at the bottom of the creditor list if the bank fails...and almost every law enforcement agency can now get into your safety deposit box by merely asking and stating they need to for suspecting something.....Volker integrity is no longer at the FED 0 -
wonder if one should cash in a couple of CD's and keep that hidden somewhere ????? 0
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