From our partners at Porter & Company Despite promises of a new golden age for America… an economic “boom like no other”... and lower prices on day one… Trump has delivered the opposite: - The S&P and Nasdaq are both in a correction.
- Bitcoin is down almost 25% from all-time highs.
- The Magnificent 7 stocks have lost over $1.5 trillion.
- The unemployment rate has risen to 4.1%.
- And I could go on and on here…
It’s like Trump has betrayed every promise he made. And if you feel like something deeper must be going on, something the media isn’t picking up on, something the Trump administration is hiding from you… Let me tell you… you’re right. My connections to President Trump just told me the truth. According to them, it involves a secret plot to “reset” our financial system – and while it could cause tremendous turmoil for tens of millions of people… it’s part of a proven playbook that was written almost half a century ago. And if you know the playbook, you could come out the other side of this coming crisis richer than you ever imagined – I’m talking about the rare type of chance to potentially build generational wealth. This playbook is something my connections and I have been discussing in private ever since we met with Trump at Mar-a-Lago – but we’ve never shared it publicly before. And to my knowledge, nobody else is warning you of what’s coming. While Trump has never formally acknowledged this plan, it’s obvious if you know what to look for – and you can see he’s already charging full steam ahead. His escalation of trade wars, crippling, inflationary tariffs, mass firing of federal workers, deportations, the crypto strategic reserve… it’s all connected back to this master plan. And whether you’re enriched or impoverished by this reset… it depends on what you choose to do, because as this plan is rolled out across America, millions of unsuspecting people could be blindsided. On the other hand, those who prepare now with a few simple money moves (that I name here) could potentially make a killing as trillions of dollars are displaced during this reset. Which side will you be on? That depends on what you do today. Everything you need to know is laid out for you here.
Today's Bonus Story Federal Reserve's Waller says central bank should cut rates at next meetingWritten by The Associated Press WASHINGTON (AP) — A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts. Christopher Waller, a member of the Fed's governing board, said in a speech in New York City that the economy is showing signs of weakening, with consumer spending slowing and job gains cooling. The Fed should reduce borrowing costs to shore up spending and growth before the job market weakens further, Waller said. "The economy is still growing, but its momentum has slowed significantly," he said, adding that the slowdown threatens the Fed's goal of maximum employment. At the same time, President Donald Trump's sweeping tariffs are likely to only lift inflation temporarily and aren't a reason to postpone rate cuts, Waller said. "Tariffs have boosted, and will continue to boost, inflation a bit above the (Fed's) 2% objective this year," Waller said, but policymakers should "look through tariff effects and focus on underlying inflation," which he said is nearing the 2% goal. Waller has been mentioned as a potential replacement for Powell when the current chair's term expires in May 2026, or perhaps earlier if Trump takes the unprecedented step of firing Powell. Trump has threatened to fire Powell this year but on Wednesday said it was "highly unlikely" he would take such a step. For his part, Powell has said the Fed wants to see the impact of the duties on prices and the economy before making any moves. Waller, a Trump appointee, has previously said that he would support a rate cut in July. Michelle Bowman, also a Trump appointee, has also spoken in favor of a cut. Minutes to the Fed's June 17-18 meeting said that only "a couple" of the 19 members of the central bank's interest-rate setting committee supported a cut in July. Other participants — the minutes didn't say how many — said that the Fed should keep rates unchanged this year, since inflation remains above 2%. Consumer prices rose 2.7% in June from a year ago, the fastest pace in four months. Other potential replacements for Powell have also publicly expressed support for cutting rates soon, including Kevin Warsh, a former member of the Fed's board who stepped down in 2011. Warsh, currently a fellow at the Hoover Institution, said on Fox News' "Sunday Morning Futures" earlier this week that he supported rate cuts. "The president's right to be frustrated with Jay Powell and the Federal Reserve," Warsh said.
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