from Wealth Research Group:
Presidential candidate Tulsi Gabbard has picked up the Ron Paul torch in demanding an Audit of the Federal Reserve
by Kenneth Schortgen, Shotgun Economics:
For the most part, the Audit the Fed movement has been a libertarian thing that gained a lot of steam following the 2008 financial crisis. And at the tip of this spear was the former Congressman and Presidential candidate Ron Paul.
But with his retirement a few years back, the momentum to Audit the Fed has fairly died down. That is until this weekend when it was announced that Democratic candidate for President Tulsi Gabbard signed on to a House Bill which would bring about at long last an auditing of the central bank.
New Census Numbers Reveal Americans Are Steadily Migrating West And South – And Away From High Tax Blue States
by Michael Snyder, The Economic Collapse Blog:
The U.S. Census Bureau has just released their annual report on how the U.S. population is shifting, and there are some very clear patterns in the data. If you look at this Census Bureau map, you will see lots of purple (areas where the population is growing) in the west and the south, and you will see lots of orange (areas where the population is declining) in the north and the east. Of course this is a continuation of a pattern that we have been seeing for decades. Given the ability to choose, many Americans would rather live in areas of the country that are warm and sunny, and that makes a lot of sense. But that is not the only pattern that we see in the data.
by Simon Black, Sovereign Man:
Europe’s leading economic policy makers have officially thrown in the towel.
Last week, the European Central Bank admitted economic conditions are so dire that it already has to reverse its monetary policy.
I’ll get back to that in a minute…
Following the Great Financial Crisis in 2008, central banks printed trillions of dollars and pushed interest rates to their lowest levels in human history. Low interest rates (and lots of new money sloshing around the system) mean people should go out and buy things that would otherwise be out of reach… new houses, new cars, businesses, etc.
by Wolf Richter, Wolf Street:
A vicious cycle, kicked off by cheap debt that’s suddenly not cheap, after 8 years of experimental monetary policies.
The dollar has risen nearly 2% since Thursday last week. Since April 17, when this move started, the dollar has surged over 8%, based on the WSJ Dollar Index, which tracks the dollar against the currencies of 16 key trading partners, including Mexico and China. From its low on February 16, the dollar has now risen 9.3% to the highest level since May 10, 2017: