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Scott Hall, a Georgia bail bondsman, pleaded guilty to five counts of conspiring to commit intentional interference with performance of election duties. The deal includes Hall testifying at any trial for the other 18 defendants, including President Donald Trump Trump was not mentioned by name during Hall’s plea hearing, but a Fulton County prosecutor did mention co-defendant and former Trump attorney Sidney Powell as being involved in the alleged scheme to gain access to Dominion voting machines in Coffee County, Ga. The indictment identified Hall “as participating in an effort to access the voting machines and equipment in Coffee County...

Sidney Powell, a one-time attorney for former President Trump’s 2020 campaign who helped promulgate false claims of election fraud, has pleaded not guilty in the Georgia election interference case. Powell and 18 others including Trump are accused of joining a criminal conspiracy to keep Trump in power after he lost the 2020 presidential race by overturning the state’s election results. She faces seven charges, among them violating Georgia’s Racketeer Influenced and Corrupt Organizations (RICO) Act — a charge designed to target organized crime of which all the defendants are accused. The Trump lawyer’s other charges stem from a Coffee County...

The corrupt DA in Colorado claims gold star mom Tina Peters is a flight risk. Tina Peters is a gold-star mom and the subject of the film “Selection Code“. “[S]ELECTION CODE follows the story of Tina Peters the County Clerk in Mesa Colorado, who made a backup of her counties Dominion Voting System server, only to stumble across evidence of manipulation in a recent local city council election…. and also the 2020 general election. Tina’s discovery ignites a chain reaction upending her life. And upending the world.” She refused to illegally delete files from her voting machines after the 2020...

The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained, Federal Reserve chair Jerome Powell said on Friday in remarks that balanced declines in the pace of price increases over the past year with the surprising overperformance of the U.S. economy. Powell said Fed policymakers would "proceed carefully as we decide whether to tighten further," but also made clear that the central bank has not yet concluded that its benchmark interest rate is high enough to be sure that inflation returns to the 2 percent target. "It is the Fed’s job to bring inflation...

What is the difference between a porcupine and the KC Fed Jackson Hole conference? At the annual Jackson Hole Federal Reserve retreat, the pricks are on the inside! (Source: Clive Owen from “Shoot ‘Em Up” about drivers of BMW cars). Yes, the elites of The Federal Reserve System will gather at Grand Teton National Park in Wyoming to discuss “Structural Shifts in the Global Economy,” and will be held on Aug. 24-26. Here is where we sit on Sunday. The 30-year conforming mortgage rate (blue-green line) is over 7% and up 154% under Biden. The Fed’s target rate is now...

Yes, there is a Dark Side to Federal stimulus! And it isn’t Dark Side of the Moon, but the dark side of who benefits from Federal stimulus. Its all about money. Example? Take Checkable Deposits of the to 1% (blue line) of wealth compared to the bottom 50% of wealth (red line) after The Fed cranked up monetary stimulus to combat the Covid shutdowns. On the wealth side, Covid-related monetary stimulus benefitted the top 1%. But the middle class is expericing a tighening of credit coutesy of Cap’n Crunch (Fed Chair Powell).

No, this isn’t a John Kerry/Greta Thunberg hysterical warning about climate change. But a storm created by 1) Biden/Congress spending splurge and 2) excessive monetary stimulypto by The Federal (Feral) Reserve. Now that The Fed is withdrawing the excess stimulus, we are seeing a world of pain for commercial real estate. A financial climate change! Days after Barry Sternlicht’s Starwood Capital Group defaulted on a $212.4 million mortgage backed by an Atlanta office tower, Bloomberg released an eye-opening interview with the billionaire investor about mounting distress in US commercial real estate. “We’re in a Category 5 hurricane,” Sternlicht said in...

The Federal Reserve, an organization that even George Orwell would find outrageous, is a Minsky Moment Machine! A Minsky Moment refers to the onset of a market collapse brought on by the reckless speculative activity that defines an unsustainable bullish period. Minsky Moment crises generally occur because investors, engaging in excessively aggressive speculation, take on additional credit risk during bull markets. And since Covid and the Great Monetary Expansion to fight it helped creates massive inflation and helps the 1% get wealthier and wealthier. BUT as M2 Money growth slows, the 1% are losing their position as top dogs in...

The Federal Reserve is printin’ the night away! Yes, as The Fed printin’ the night away, the US Treasury yield curve (10Y-2Y) is still inverted, but at -86.616 basis points. The 2 year US Treasury yield is down -8.2 BPS, the largest decline in the world … after Greece! Greece? The fiscal wreck on the Aegean! Opa!!

As I discussed yesterday, the Misey Index under Biden remains elevated compared to that of Trump pre-Covid despite massive financial stimulus from Green Man (The Federal Reserve under Jerome Powell). Now we have more evidence of an impending recession with the Philly Fed General Business Conditions index falling to -16.6 in June as Green Man (M2 Money growth) stalls. Federal Reserve Chair Jerome Powell (aka, Green Man) will have an opportunity this week to clarify what many found a confusing message on the path of interest rates, with the added task of assuring Democrats and Republicans the economy is on...

Foul Powell on the Prowl! Federal Reserve policymakers are about to take their first break from an interest-rate hiking campaign that started 15 months ago, even as they confront a resilient US economy and persistent inflation. The Federal Open Market Committee on Wednesday is expected to maintain its benchmark lending rate at the 5%-5.25% range, marking the first skip after 10 consecutive increases going back to March of last year. While officials’ efforts have helped to reduce price pressures in the US economy, inflation remains well above their goal. Investors’ focus will be on the Fed’s quarterly dot plot in...

The Fed has increased the Fed Funds rate by 25 basis points.Tune in to business news for Powell’s asinine presser

In prank call with Russian radio-hosts posing as Ukraine's President Volodymyr Zelensky, Jerome Powell confirms that Federal Reserve will increase rates at least two more times, and probably keep rates "higher for longer"

Not only did the ISM Manfacturimng Report on New Business Order fall to 44.3, but price PAID also fell as The Fed hikes rates (yellow line) and slowing M2 Money growth (green line). Count Powellula. “I vant to suck the blood from your economy.”

Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. “If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes,” the central bank leader said in prepared remarks for appearances this week on Capitol Hill.

The Federal Reserve Chairman’s testimony to Congress next week is likely to be very succinct and can be summed up neatly as ” the risks of doing too little are far greater than the risks of doing too much,” economists said Friday. “The Fed is getting a little more hawkish than we pictured them at the end of last year,” said Michael Gregory, deputy chief economist at BMO Capital Markets. Powell will testify on Tuesday to the Senate Banking Committee and on Wednesday to the House Financial Services panel. Both hearings are set to begin at 10 a.m. Eastern. Recent...

Good News Friday: 02/24/23 by Editor | Feb 24, 2023 | Newsletter | 0 comments Dear Patriots, It has been a tough week but there are some glimmers of sanity and goodness in a deluge of grim news. While we were pleased to see that Speaker McCarthy released the 41,000 hours of J-6 video, we were not thrilled that it was given to Fox New host,Tucker Carlson. This evidence, in our opinion, should have been released to the public to watch and dig through. We can not trust the corporate interests at Fox News to be open about this material...

Hosts at Fox News had serious concerns about allegations of voter fraud in the 2020 presidential election being made by guests who were allies of former President Donald Trump, according to court filings in a $1.6 billion defamation lawsuit against the network. “Sidney Powell is lying,” about having evidence for election fraud, Tucker Carlson told a producer about the attorney on Nov. 16, 2020, according to an excerpt from an exhibit that remains under seal. The internal communication was included in a redacted summary judgment brief filed Thursday by attorneys for Dominion Voting Systems. Carlson also referred to Powell in...

After Jerome Powell raved about the strong US labor market and oddly ignored the staggering crowding-out of US interest payments on its massive debt, the US Treasury’s 3-year debt auction was … a Hinderburg moment. First, the high yield at today’s auction of 3-year Treasury notes was 4.073%. This occured as the allotment to brokers and dealers collapsed along with M2 Money growth YoY. Then we have this horrible chart of the 3Y auction stop through, crashing into uncharted waters. A stop-through indicates when the highest yield the Treasury sold in the auction is below the highest yield expected when...

The multi-year drought may be easing thanks to recent storms, but scientists suggest that Lake Mead and Lake Powell, reservoirs on the Colorado River, may not refill “in our lifestimes,” according to the Los Angeles Times. The reservoirs have been dwindling over many years — not just due to the drought, but also due to demand that has increased over the many decades since the dams were built, and due to decreased rainfall in recent times.