Current Events Archives - Page 7 of 9

15 Nov 2019

U.S. Economy is a House of Cards Built on Unsustainable Debt

As posted to the David Stockman YouTube Channel on 11/12/19 David Stockman appears on RT's "The News with David Sanchez" to discuss the recent decision by the Fed to add money to the financial system through the repo markets. Also discussed is the fact that we are at the top of the longest business cycle in history (month 130 of month 125) and in the last four months, the Treasury has borrowed $800 billion. (This is Blog Post #654) David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan. He is the author of a number of books including "The Great Deformation:...

20 Oct 2019

Quantitative Easing Explained . . . Again

Roger Rossmeisl, CPA

Current Events, Economic Concepts

As posted to Malekanoms YouTube Channel on 11/11/10 (Run Time: 6 minutes, 48 seconds) Quantitative Easing Explained . . . Again? Why "Again"? That's because I originally posted this clip as Blog Post #150 way back on 11/17/2010 when it was hot off the presses. Now . . . 9 years later, the powers-that-be have learned nothing. On 10/16/2019, the Wall Street Journal (WSJ) released an article entitled, "The Fed Is Buying Treasurys Again. Just Don’t Call It Quantitative Easing". The article alerts the reader to the fact that, on 10/15/2019, The Federal Reserve began buying short-term Treasury debt Tuesday at an initial pace of $60 billion a month, but officials say these purchases are nothing like the bond-buying stimulus campaigns unleashed by the central bank between 2008...

16 Oct 2019

Chris Martenson on the Economy Triple Header

Roger Rossmeisl, CPA

Current Events, Economic Concepts

As posted to the GoldSilver YouTube Channel on 10/9/19, 10/10/19 and 10/11/19 Chris Martenson on the economy from his home in Massachusetts with Mike Maloney of GoldSilver.com: Part 1 - End of the "Everything" Bubble In this first of a series of three videos, they discuss the general state of the economy since the last time they spoke together, and the importance of being prepared for "something big". (Run Time: 5 min, 09 sec) Part 2 - Silver & Gold as Portfolio Core . . . But What Else? In the second of this three-video series, Mike Maloney and Chris Martenson reveal that there is one asset apart from gold and silver that they are both looking to accumulate. What could it be? At what valuation will they trade gold...

22 Sep 2019

Plummeting RV Sales Forecast 2020 Recession

Roger Rossmeisl, CPA

Current Events, Economic Concepts

Plummeting RV Sales Forecast 2020 Recession

As posted to the Dent Research affiliated website Economy and Markets on 8/26/19 -- Harry Dent | August 26, 2019 RV sales are crashing at a year-over-year rate of 20% below sales for the same period last year. 2017 was the peak thus far and 2018 sales were 4% lower. Hence, this year's crash is making this look like a clear top. This article seeks to demonstrate that plummeting RV sales forecast a 2020 recession. RVs are one of our mid-life-to-retirement sectors for Boomers. Sales used to peak at age 63, but the most recent updates to the Consumer Expenditure Survey shows them peaking a bit earlier, at age 59-60. That still makes it a strong growth industry into 2020-2021 for aging Boomers. Hence, there’s no demographic reason for...

15 Aug 2019

Stockman on the Fed’s Rate Cut

Roger Rossmeisl, CPA

Current Events

As posted to the David Stockman YouTube Channel on 7/31/19 David Stockman appears on Fox Business Network's "Cavuto: Coast to Coast" to discuss the Fed's decision to cut rates. Also discussed is the recent debt ceiling extension measure which will allow the National Debt to grow another 2T in the next two years. (This is Blog Post #593) David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan. He is the author of a number of books including "The Great Deformation: The Corruption of Capitalism in America" and, most recently, "Trumped! A Nation on the Brink of Ruin . . . and...

19 Jun 2019

Facebook’s New Crypto “Libra” Explained

Roger Rossmeisl, CPA

Current Events, Social Thoughts, Technology

As posted to the Ben Swann YouTube Channel on 6/18/19 Facebook's New Crypto "Libra" Explained Investigative journalist Ben Swann gives his take on how Facebook's new crypto "Libra" is not actually decentralized. Plus, it's been established with a "pay to play" scheme for governence of the coin. The players are Facebook, Uber, Lyft, Spotify Visa, Mastercard. and other multinationals who paid a $10 million entry fee. Decentralization Ben goes on to explain "the concept of decentralization. Cryptocurriency's power, is to break the current financial systems that are in effect, and returning that power to the people. Libra does not do that, it has no interest in doing that. It only continues to reinforce the power structures that are already in place." Why Facebook Won't Know What You're Spending Your Libra...

13 Mar 2019

(#513) “The Fed Stooges” on 60 Minutes

Roger Rossmeisl, CPA

Current Events, Economic Concepts

As posted on Peak Prosperity.com and the Chris Martenson's Peak Prosperity YouTube Channel In his 3/11/19 Weekly News Update, Chris Martenson unpacks Federal Reserve Chairman Jerome Powell's appearance on 60 Minutes, particularly the statement that the country is experiencing "widespread prosperity". Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation. Currently he is an author and trend forecaster interested in macro trends regarding the economy, energy composition and the environment at his site, www.peakprosperity.com....

20 Jan 2019

(#475) The Pension Bomb

Roger Rossmeisl, CPA

Current Events

As posted to the John Stossel YouTube Channel on 10/21/18 Run time (6:41) State and local governments face a $5 trillion dollar unfunded pension liability. In other words, politicians promised workers $5 trillion in retirement benefits, but government doesn’t have the money. So far, neither politicians nor the unions are willing to accept this. John Stossel warns: one day, no matter what the promise, we simply won’t be able to keep it. John Stossel is an American consumer television personality, author, and pundit, reflecting a libertarian political philosophy and view on economics which are largely supportive of the free market....

02 Jan 2019

(#462) The Role of Central Banks in Financial Market Volatility

Roger Rossmeisl, CPA

Current Events, Economic Concepts

As posted on Peak Prosperity.com and the Chris Martenson's Peak Prosperity YouTube Channel In his 12/29/18 Weekly News Update, Chris Martenson discusses the volatility of markets and the role Central Banks have played in creating massive financial bubbles throughout the world. Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation. Currently he is an author and trend forecaster interested in macro trends regarding the economy, energy composition and the environment at his site, www.peakprosperity.com....

17 Dec 2018

(#452) When is This Bubble Going to Peak?

Roger Rossmeisl, CPA

Current Events

As posted on the Economy and Markets Facebook Page on 12/14/18 Harry Dent has been focusing on the trillion-dollar question in recent months, especially since the markets are so volatile now . . . and in fact, since Trump’s election, when Dent Research turned bullish! That question: When will this thing peak? The reality is, all bubbles go higher than anyone expects them to! But, history does give us a clue, and Harry shares that with you in the above video. Harry S. Dent, Jr. is the founder of Dent Research, an economic forecasting and investment research firm and publisher that works diligently to provide clients with the proprietary economic knowledge needed to accurately forecast what lies ahead in our economy so that they can take the necessary and appropriate action to ensure...

U.S. Economy is a House of Cards Built on Unsustainable Debt

Quantitative Easing Explained . . . Again

Chris Martenson on the Economy Triple Header

Plummeting RV Sales Forecast 2020 Recession

Stockman on the Fed’s Rate Cut

(#513) “The Fed Stooges” on 60 Minutes

(#475) The Pension Bomb

(#462) The Role of Central Banks in Financial Market Volatility

(#452) When is This Bubble Going to Peak?

ROGER ROSSMEISL, CPA

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