In the last few months, the Federal Reserve has signaled that it is prepared to cut interest rates. Today’s 50bps rate cut, however, exceeded most expectations.
As ZeroHedge has noted, “only 9 of 113 economists surveyed” expected this sort of move, and the Fed’s own dot plot shows a growing appetite for more aggressive action in the near future.
Amazing what an 818K downward jobs revision that "nobody could have seen coming because the Biden economy was so strong" will do… pic.twitter.com/xvTwmE4eUJ
— zerohedge (@zerohedge) September 18, 2024
The Fed’s actions are best understood as acknowledging the obvious: the regime has been gaslighting the public about the economy. Despite the constant assistance from the Biden-Harris Administration and their reliable allies in the media that the economy is strong, today’s Fed action was a crisis-level response.
What changed? The job market is an obvious one. Once the go-to argument for the strength of the American economy, official numbers show there are now fewer full-time jobs in America than there were a year ago. This follows significant revisions to jobs reports that overstated almost a million jobs. […]
— Read More: mises.org
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.