A former official for the Federal Reserve Bank of Richmond was sentenced on Tuesday to 24 months imprisonment for misappropriating internal Fed information to engage in insider trading.
According to Maharrey, the Fed’s latest policy shift may indicate that it is already out of control—and setting the stage for a larger financial crisis.
Traders are shipping gold and silver at a breakneck pace from London and other places to New York for storage on the COMEX, the primary futures and options market for trading metals such as gold, silver, copper, and aluminum.
Instead of putting questions about the documentation to government officials, Bloomberg has produced Stephen Mihm and Peter Beter to evoke a fairy tale of the last century.
In summary, then, inflation is never necessary. Rather, it must be maintained at this point in order to avoid a rapid descent into deflation and depression.
Safe-haven demand is back in focus as markets try to digest a mix of slowing growth projections, sticky inflation, and growing confusion over U.S. trade policy.
The government creates huge demand on the available credit supply; then, as nations turn away from the US, the supply of sources of credit funding diminishes.
