In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.
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
Comments
Noting that presidents can put in place alternate pay adjustment plans in case of “national emergency or serious economic conditions affecting the general welfare.”