The three following reports are from the March 23rd edition of the Trends Journal:
FED: Stronger Economy, Steady Rates
Last Wednesday, the U.S. Federal Reserve declared it will not raise interest rates or stop buying $120 billion a month of government bonds and mortgage-backed securities any time soon, although the central bank sees a stronger economy emerging.
“We will continue to provide the economy the support that it needs for as long as it takes,” Fed chair Jerome Powell said at a 17 March news conference after the most recent meeting of the bank’s open market committee.
The path of the economy will depend significantly on the course of the virus, including progress on vaccinations.
The ongoing public health crisis continues to weigh on economic activity, employment, and inflation, and poses considerable risks to the economic outlook.
The committee said in a statement following its meeting.
The Fed wants to see “actual progress, not forecast progress” before changing its strategy, Powell said.
The Fed’s unchanged policies “will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is complete,” he said in comments quoted by the Wall Street Journal.
The central bank’s steadiness reflects its commitment to seeing the economy attain maximum employment and a sustained 2-percent inflation rate, Powell added.
The Fed now wants to see “inflation moderately above 2 percent for some time” before raising benchmark interest rates,” he explained.
A “transitory” rise in prices would not alter the bank’s policy,” Powell added.
The economy is a long way from our employment and inflation goals and is likely to take some time for substantial further progress to be achieved.
TREND FORECAST: As we have long noted, there is nothing new in the Fed’s announced money-pumping policy. It will do all it can to keep ultra-cheap money flowing into the system. Thus, inflation will increase as will safe-haven assets.
TRENDPOST: Three months ago, 18 Fed officials polled estimated that an interest rate increase would be appropriate in 2024. Now, seven of the 18 foresee a hike in 2023, and four think one will be needed in 2022, based on the economy’s accelerating strength.
Inflation will be paced at 2.4 percent this year, the bank thinks, instead of the 1.8 percent it forecast in December, and will average 2.2. percent in 2022.
The Fed predicts the U.S. GDP will expand 6.5 percent this year, no longer the 4.2 percent it forecast in December. Unemployment will fall to 4.5 percent this year, compared to the 5 percent called for in the bank’s outlook at the end of 2020.
Digital And Paper Money Must Coexist, Powell Says
Any digital currency a central bank creates “needs to coexist with cash and other types of money in a flexible and innovative payment system,” Jerome Powell, chair of the U.S. Federal Reserve, said in an 18 March press conference.
The Fed is experimenting in-house with digital currencies, and the Federal Reserve Bank of Boston is collaborating with the Massachusetts Institute of Technology to research and study them.
China has extensively tested its digital currency in public trials and plans to introduce it nationally next year. Central banks in Europe also are developing national digital money.
The Fed is moving more slowly, arguing that as a steward of the world’s reserve currency, it needs to innovate cautiously.
TREND FORECAST: Led by China, the world will be going digital. Or, as we had forecast last July, “IT’S OFFICIAL: DIRTY CASH TO DIGITAL TRASH.”
On Saturday, the Peoples Bank of China announced it was ramping up its digital RMB, or e-CNY testing scheme, assuring “The protection of users’ privacy by e-CNY is at the highest level among all of the existing payment tools.”
In plain English, they know when every yuan was spent, who spent it, where it was spent, and what it was spent on so they get their taxes and can further control the population. What happens in China with digital cash will become the New ABnormal throughout the world in the coming years… and decades.
The FED Exposed: Hide Inflation (by Gregory Mannarino)
The Federal Reserve is about to pull a disappearing act with inflation.
It is common knowledge that for years, the numbers being reported by the Federal Reserve regarding inflation are 100% FAKE, and I don’t need to expound on that. They are, however, about to pull off something that does need to be explained, so here it is…
Currently, the Federal Reserve and other central banks around the world are fully engaged in a debt-creation cycle unlike anything that has ever been seen before in the history of the world. It is something I have outlined that would happen years ago, and now it’s here. It is the mission of the Federal Reserve, specifically, to own it all by becoming the lender and buyer of last resort.
The Fed’s current and epic debt-creation binge has caused their balance sheet, which is monies owed to them, to increase 100% in just the last year. Truly an awesome spectacle. This creation of debt and flooding the world with dollars created from nothing certainly is creating inflation, but you are not supposed to know about it. However, here comes the next phase.
For the Federal Reserve to prevent a complete lock-up of the entire global financial system, they must continue to create debt/dollars at an ever-increasing pace – henceforth, the real reason why we are experiencing the effect of inflation. The current pace of debt creation must be increased, therefore, the Fed is looking for ways to hide it.
How will they attempt to do it? Look for a large spike in the price of crude oil.
Understand the game.
The high price of oil/energy is a key mechanism where the Federal Reserve hides inflation. The price of energy is considered to have a “temporary” effect on inflation, and the Federal Reserve will use the tactic of blaming the high price of energy for elevated levels of inflation.
Rising energy prices will be used as a distraction mechanism. Oh, it is not the fact that the Federal Reserve has inflated its balance sheet an astonishing 100% in just the last year, or creating trillions of dollars out of thin air, oh, no… they will blame it on energy. Therefore, watch out for some type of event to occur that will push the price of crude oil higher.
Over the past few weeks, we witnessed the price of crude oil fall, and I have gone on record saying, “Watch for an event to occur that will cause crude to rise.” Well, just this past Friday, a Saudi oil facility suffered an airstrike by Houthi rebels, and, again, just this past Sunday, the Saudis launched a retaliatory strike on Yemen.
What you must know and become very aware of is this: nothing is what it seems to be, and nothing is by accident.
You are a pawn in a game of global deception.
From a psychological standpoint, you are, in fact, under attack… and all war is based on deception.
To be forewarned is to be forearmed.
AUTHOR COMMENTARY
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
The Feds are becoming and fulfilling their end goal of being the buyer and lender of last resort. They run and sustain the markets, they bailout the government and print the Monopoly money, they buy the debt, they control rates; and then when it is all said and done they can lend back to the people after robbing the masses in broad daylight of trillions of dollars.
The meme you see attached to this article was created last year in the midst of all the money printing they said they would do to keep the markets sustained (a crash they were deeply involved with and planned far in advance); and it’s called “Money Printer Go Brrrr.” Though it is meant to be comical that is precisely what they are doing by their own admission.
Treasury Secretary Janet Yellen Calls For Debt Creation
The FED Warns Of More Inflation. Yellen Favors Digital Dollar Governed By The FED
Is There A “V-Shaped” Recovery?
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