Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
Is the Fed the Only Means of Creating Money?
QUESTION: I am confused. Is it true that only the Federal Reserve can create money and not the Treasury?
HB
ANSWER: It all depends upon your definition of money. If you are asking about paper currency, then the answer is yes. If you are speaking of “elastic money,” which really is just book-entries, then that is also truly confined to the Federal Reserve. If you are including in your definition of money all government borrowings, then that is the prerogative of the Treasury. Now, if you are talking about leveraged book-entries where a bank is lending out money so two accounts will show an entry for the same money or close to it, then that is private banking lending. The definition is fluid. It depends greatly upon what you are calling money.
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Neocons & their Hatred of all Russians – Destruction of Nord Stream
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/Neocon-Nord-Stream.mp4 Former CIA analyst Larry Johnson explains that there is a mountain of evidence confirming that the American Neocons were behind the destruction of Nord Stream sabotage of September 26th, [...]
PRIVATE BLOG – Interest Rates & Fed Policy
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