Via Charles Hugh-Smith of PeakProsperity.com,
In the past, I've warned about the coming Great Wealth Transfer. But now we need to talk about it in the present tense, because it’s here.
And it will only accelerate from here on out. The Rich will get richer at the expense of everybody else.
This isn't personal. It's simply a feature of what happens near the end of a debt-based monetary system run by corruptible humans.
There were no surprises in Yellen's speech in Chicago on Friday in which the Fed chair confirmed the sudden and dramatic hawkish turn hinted at earlier in the week by Dudley and Williams, and which sent March rate hike odds from the low 30s to nearly 100% in the span of days.
By the SRSrocco Report,
According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Not only was the dropping of the Gold-Dollar peg going to release a great deal of pressure on the manipulated gold price, but forecasts of a massive increase in gold demand was going to totally overwhelm supply.
Great news America - After soaring to the highest price in three years, wholesale prices for pork bellies, the cut used for making bacon, are heading for a 25% loss over two weeks.
As Bloomberg notes, increased demand had more than doubled prices since August, but now bellies are so expensive that the high costs are stemming demand, according to David Kruse, president of Commstock Investments Inc.
Via MN Gordon of EconomicPrism.com,
“We have assembled a best-in-class team of policy advisors to drive President Trump’s bold plan for job creation and economic growth.” Gary Cohn, Chief Economic Advisor to President Trump
Promises of Slop