The marshal is in the middle of Main Street flip-flopping around like a landed flounder in a hot desert because Powell is playing election engineer to help Biden beat out Trump.
Mooney’s question about Federal Reserve interventions in the gold market echoes concerns raised by some traders and policymakers that the Fed may be surreptitiously managing the gold price.
Executive Director Cortez: "As inflation eats away at American families, the Sound Money Index holds states accountable for their policies impacting sound money."
Powell doesn’t understand the numbers he is working with if he actually believes, as he claims, inflation has been going down each month for several months.
As a Texas union official once told me, “Gold has always been the friend of the worker.” This makes sense because gold is money whose value cannot be manipulated by the central bank.
By trying to avoid the pain of normal corrections and crashes of financial situations that should never have built up in the first place, the Fed builds up bigger cataclysms to come...
It is impossible to say whether the President (or whomever is running his social media) is being moronic or dishonest. Both are, unfortunately, equally plausible.
