Yellen’s Conundrum: Forestall Monetary Mayhem Or Release Political Pandemonium

As has been said here oft: It doesn’t matter who wins the election. Dozens, if not hundreds, of poison pills will be left behind in a very paralyzed four years for Trump should he win. In a Hillary win, you could expect an accelerated decline. Economics, as discussed here is but one facet of the multiple fronts about to face impact.

Regardless of who wins the election, one thing is certain: the vote that takes place in December within the confines of the Eccles Building cast by a dozen un-elected, Ivy Leagued, academic bankers whose combined real world business experience is near nonexistent (less for that read in some wood-paneled library) will decide monetary policy that will have more implications for not only the U.S., but the world as a whole. Effecting not only the global financial markets, but quite possibly, the entire international political stratum as well. And the new President (as well as every other world leader) will have to adjust to that outcome.

November 8th is only the first-act of this very real, “landmine” infested global drama playing out on the world stage. On December 14th the world will truly witness just how much power has really been transferred to this unelected cohort. Continue reading

Peter Schiff: The truth about Yellen’s rate hike

(TRUNEWS) Following Janet Yellen’s speech Monday, economic analyst and frequent TRUNEWS guest Peter Schiff has published an article laying out what he thinks is the truth behind the Fed’s jargon, and the likelihood of an interest rake hike before the November elections.

Stop me if you’ve heard this one before: A Fed official walks into a bar and says the economy is improving and rate hikes are appropriate. The patrons order another round to celebrate. Then disappointing data comes out, the high fives stop, and the Fed official ducks out the back…only to come back the next day saying the same thing. Anyone who pays even the smallest attention to the financial media has experienced versions of this joke dozens of times. Yet every time the gag gets underway, we raise our glasses and expect the punch line to be different. But it never is. Last week was just the latest re-telling.

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