ABOLISH THE FEDERAL RESERVE! BUT, DOES CONGRESS SPENDING ALSO NEEDS TO BE SHUT DOWN! MAYBE WE HAVE TO ABOLISH CONGRESS, TOO! YES! ANDREW JACKSON DID THIS - CLOSED THE NATIONAL BANK AND PAID OFF THE NATIONAL DEBT! AMBITIOUS, BUT NEEDED GOALS!
Let’s look at the damage that the Fed is doing, while saying the opposite. Fringe Finance Lawrence Lepard writes that the reduction of the Fed balance sheet was supposed to start on June 1, 2022. He said: “In theory, the Fed balance sheet should have shrunk by $47.5B in June; however, in actuality, its balance sheet only shrank by $1.5B in June 2022.” Looking at the chart below, the Fed has only reduced its balance sheet by a very small amount. The Fed’s balance sheet is now right around where it was in February 2022. Money Supply M2 growth has soared at a rate we have never seen before, almost 40% year-over-year. Zimbabwe, here we come. But we are supposed to think that the Fed is currently fighting inflation. So far, the Fed has only really hiked interest rates.
That is reality. How can Fed chair Powell say that the Fed will get inflation down to its target of 2% from today’s rate without a recession? Also on Thursday, July 26, the US president had a televised meeting with several CEOs of big organizations that are very beholden to the good will of the WH. Not a negative word to be heard of course. There is a simple way to get the economy healthy again. Do the opposite of what they are doing! President Harding did exactly that to get out of a depression in the early 1920’s. He cut government expenditures drastically, cut taxes, cut regulations, all against the advice of his advisers. The result was the “roaring twenties expansion.” Economists don’t refer to that because that would reveal that their traditional policies are very
wrong. The Libertarian Institute writes: “Instead of "fiscal stimulus," Harding cut the government's budget nearly in half between 1920 and 1922. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserve's activity, moreover, was hardly noticeable.” Go to the “von Mises Institute” website for full article (https://mises.org/library/
MORE DETAILS IN OUR NEWSLETTER
WE ARE NOT FINANCIAL ADVISORS AND WE DO NOT GIVE FINANCIAL ADVICE
The website, LeibovitVRNewsletters.com, is published by Leibovit VR Newsletters LLC.
In using LeibovitVRnewsletters.com (a/k/a LeibovitVRNewsletters LLC) you agree to these Terms & Conditions governing the use of the service. These Terms & Conditions are subject to change without notice. We are publishers and are not registered as a broker-dealer or investment adviser either with the U.S. Securities and Exchange Commission or with any state securities authority.
All stocks and ETFs discussed are HYPOTHETICAL and not actual trades whose actual execution may differ markedly from prices posted on the website and in emails. This may be due internet connectivity, quote delays, data entry errors and other market conditions. Hypothetical or simulated performance results have certain inherent limitations as to liquidity and execution among other variables. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
All investments are subject to risk, which should be considered on an individual basis before making any investment decision. We are not responsible for errors and omissions. These publications are intended solely for information and educational purposes only and the content within is not to be construed, under any circumstances, as an offer to buy or to sell or a solicitation to buy or sell or trade in any commodities or securities named within.
All commentary is provided for educational purposes only. This material is based upon information we consider reliable. However, accuracy is not guaranteed. Subscribers should always do their own investigation before investing in any security. Furthermore, you cannot be assured that your will profit or that any losses can or will be limited. It is important to know that no guarantee of any kind is implied nor possible where projections of future conditions in the markets are attempted.
Stocks and ETFs may be held by principals of LeibovitVRNewsletters LLC whose personal investment decisions including entry and exit points may differ from guidelines posted.
LeibovitVRNewsletters.com cannot and do not assess, verify or guarantee the suitability or profitability of any particular investment. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. As an express condition of using this service and anytime after ending the service, you agree not to hold LeibovitVRNewsletters.com or any employees liable for trading losses, lost profits or other damages resulting from your use of information on the Site in any form (Web-based, email-based, or downloadable software), and you agree to indemnify and hold LeibovitVRNewsletters.com and its employees harmless from and against any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorneys' fees) arising from your violation of this agreement. This paragraph is not intended to limit rights available to you or to us that may be available under the federal securities laws.
The Leibovit Volume Reversal, Volume Reversal and Leibovit VR are registered trademarks.
© Copyright 2022. All rights reserved.