Free Republic

Have you ever wondered whether the group known as 'Patriot Front', which declares itself a white supremacy organization, is a genuine extremist group or merely a psyop funded and organized by federal authorities? I have questioned this as well. The group emerged roughly six years ago following the participation of its founder, Thomas Ryan Rousseau, at the infamous Unite the Right rally in Charlottesville. Intriguingly, Rousseau tends to recruit exceptionally fit and disciplined individuals, the likes of whom would be ideal candidates for the FBI, HSI, or the USMC. Many, including myself, are skeptical that a 25-year-old without formal education...

Talk like a Federal Reserve Governor! A number of pominent cheerleaders (economists) have come out before CNN debate to claim that another Trump Presidency will generate even worse inflation than it has under Biden. Really? Before Covid struck in 2020, the last CPI YoY reading for Trump was only 2.34%. It rose to 9% YoY under Biden in June 2022. How did this happen? Federal binge spending and reckless Federal Reserve monetary policy. The Nobel Prize -winning “economists” seem to have forgotten the unprecented money printing and interest rate suppression when Covid srtuck in 2020. Of course, inflation soared after...

According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022. As of the last reporting date of June 19, 2024, those losses add up to a cumulative $176 billion. As the chart above using Fed data shows, the losses thus far in 2024 have ranged from a monthly high of $11.076 billion in February to a low of $5.674 billion in May.

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers following their two-day meeting took two rate reductions off the table from the three indicated in March. The committee also signaled that it believes the long-run interest rate is higher than previously indicated. New forecasts released after this week’s two-day meeting indicated only slight optimism that inflation remains on track to head back to the Fed’s 2% goal, allowing for some...

The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market and likely reducing the Federal Reserve’s impetus to lower interest rates. Nonfarm payrolls expanded by 272,000 for the month, up from 165,000 in April and well ahead of the Dow Jones consensus estimate for 190,000. At the same time, the unemployment rate rose to 4%, the first time it has breached that level since January 2022. The increase came even though the labor force participation rate decreased to 62.5%, down 0.2 percentage point. However, the survey of households used to...

Press Releases Rep. Massie Introduces Federal Reserve Board Abolition Act to "End the Fed" Washington, D.C.-, May 16, 2024 For Immediate Release Contact: massie.press@mail.house.gov Contact #: 202-225-3465 WASHINGTON, D.C.- Representative Thomas Massie (R-KY) announces the introduction of H.R. 8421, the Federal Reserve Board Abolition Act. Rep. Massie's legislation abolishes the Board of Governors of the Federal Reserve and the Federal Reserve banks. It also repeals the Federal Reserve Act, the 1913 law that created the Federal Reserve System. "Americans are suffering under crippling inflation, and the Federal Reserve is to blame," said Rep. Massie. "During COVID, the Federal Reserve created...

It looks like the ‘strongest’ legal case against Trump is based on yet another set of lies from corrupt federal agencies.On May 7, Florida Judge Aileen Cannon postponed former President Donald Trump’s classified documents trial after explosive information dropped late Friday afternoon. Several new pieces of evidence indicate it’s even possible federal employees planted classified documents to frame Trump. Even if what happened isn’t that nefarious — although exactly that scenario has already been deployed against Trump several times — not only could the case be thrown out of court, but some federal lawyers may have risked their licenses for...

Perhaps Fed Chair Jerome Powell was listening to Prince’s “Let’s Go Crazy!” Because The Fed went crazy with money printing to counteract the shutdown of the US economy in 2020. The US jobs market peaked in February 2020 under Trump at 152,309,000. Then COVID struck in March 2020 and the US economy lost almost 10 million jobs by December 2020. But when the fear ebbed and the economy opened back up, it took until June 2022 to recover the lost jobs. But since June 2022, the US economy has added almost 6 million jobs (many are part-time jobs and taken...

Hey Joe! Where is the strongest jobs recovery in history?? BLS reported that in April the US added just 175K jobs, a nearly 50% drop from the upward revised 315K (was 303K)… .. and a huge miss to estimates of 240K… in fact, as shown below, this was the biggest miss since Dec 2021 The weakness was pervasive, and while payrolls were a huge miss, the unemployment rate also rose more than expected, from 3.8% to 3.9%, vs estimates of an unchanged print. Wages also eased back with average hourly earnings rising 0.2% MoM, below the expected 0.3% increase and...

A report in the Daily Mail says that Republicans in Congress are investigating more than ten banks “for colluding with the federal government to spy on Americans after the January 6 protests.” The alleged witch hunt was in search of “‘extremism’ indicators.” You won’t be surprised at all to learn what qualifies as an “extremism indicator.” Fox News reported on January 17: Federal investigators asked banks to search and filter customer transactions by using terms like “MAGA” and “Trump” as part of an investigation into Jan. 6, warning that purchases of “religious texts” could indicate “extremism,” the House Judiciary Committee...

Meantime the central bank seeks to palm off on the public the idea that its staggering negative capital is a ‘deferred asset.’ Hold up your hand if you think that the aggregate losses of an organization are an asset of that organization. No hands at all? Absolutely right. Losses are not an asset. That’s accounting 101. Yet the greatest central bank in the world, the Federal Reserve, insists on claiming that its continuing losses, which have accumulated to the staggering sum of $164 billion, are an accounting asset. The Fed seeks to palm off this accounting entry as a “Deferred...

James O’Keefe’s O’Keefe Media Group has released undercover footage of a Federal Reserve employee admitting to how Federal Reserve Chair Jerome Powell sabotaged President Trump and wants to go down in history as “someone who held the line against Trump.” Principal Economist Aurel Hizmo, a self-proclaimed liberal, told an undercover journalist more about Powell’s hatred for Trump, saying, “As soon as he became Chair, Trump wanted him to lower interest rates. Because when you lower interest rates, it stimulates the economy, and Trump was President. He wanted to stimulate the economy, but he wouldn’t do it. And he started raising...

Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant...

The consumer price index, a key inflation gauge, rose 3.5% in March, higher than expectations and marking an acceleration for inflation. Shelter and energy costs drove the increase. Energy rose 1.1% after increasing 2.3% in February, while shelter costs were higher by 0.4% on the month and up 5.7% from a year ago. Following the report, traders pushed the first expected rate cut out to September, according to CME Group calculations.

We are living in the USA where corruption, favoritism, open borders and an out-of-control Federal budget and debt are destroying this once great nation. Former Kansas City Fed President Thomas M. Hoenig was absolutely right when he said recently that The Federal Reserve panders to Wall Street, Congress and special interest groups, prioritizing immediate relief over financial stability. Bernanke’s zero-interest rate policies (ZIRP) and Quantitative Easing (QE) were short-term fixes that never went away. Indeed, since the subprime mortgage crisis of 2008-2009, US Dollar purchasing power is DOWN -32% and M2 Money is up a staggering 177%. While Yellen stuck...

The Federal Reserve has created America’s version of India’s caste system. At the top of the neo American caste system are bankers and the political donor class. The top 1%. The other 99% are losing ground to the Brahmin Banker Class. In 1913, Woodrow Wilson and his progressives promised that the Federal Reserve would avert both depressions and inflation, while preventing the wealthy from controlling America’s financial markets at the expense of the poor, the new untouchable class. More than a century later, it’s clear that was all a lie, and the Fed has helped create a permanent American underclass...

Jerome Powell and The Federal Reserve have to make a decision about tightening monetary policy or loosening it. It’s a Presidential election year and The Fed will probably do what is necessary to support The Biden Administration’s re-election. But let’s look at the various conflicting economic indicators that are causing confusion at The Fed. First, the Federal Reserve’s preferred gauge of inflation wasn’t hotter than expected in February, which could keep a mid year interest rate cut on the table. The year-over-year change in the so-called “core” Personal Consumption Expenditures index — which excludes volatile food and energy prices —...

The Federal Reserve said Tuesday that it officially saw a net negative income of $114.3 billion in 2023, a record loss tied to expenses related to managing the central bank’s short-term interest rate target. The loss last year follows $58.8 billion in net income in 2022, the Fed said. The numbers released were an audited tally following preliminary numbers reported earlier this year. The Fed has stressed repeatedly that net negative income does not impede its ability to operate or conduct monetary policy. By law, the Fed hands over any profits after covering operational expenses to the Treasury.

Correlation does not imply causation, but timing is everything, and this looks really bad. Two sayings are pertinent to this essay. The first is that correlation does not imply causation. Just because two events seem connected doesn’t mean they are. The second is that timing is everything. Think about both as you consider the Department of Justice’s decision to dismiss a massive corporate fraud lawsuit a short time after the corporation’s founder made a sizable donation to Joe Biden’s presidential campaign. DISH Network is an American satellite network. In 2015, the DOJ sued DISH under the False Claims Act. The...

My post yesterday on oldest poster uncovered "SuperLuminal", who is still kickin at 90. There may be someone older. Now, who is youngest? Anyone know?