Today I’m going to piggy pack off a discussion I’ve been carrying forward for the past few days. Both the Atlanta and St. Lewis Fed have revised down their GDP projections significantly. This should come as no surprise to any of you considering this typically happens.

Turns out Trump’s forecast of 5% GDP growth in the 2nd quarter will most likely come in somewhere between 1.75% and 2%. Right in line with inflation expectations.

Translation? The economy isn’t getting better it’s just inflating.

There’s a truck driver shortage in America today. We’re short around 63,000 drivers and companies are finally coming to the realization that they can’t avoid economics forever.

So they’ve decided to the one thing that can end their shortage and get drivers back on the road. Offer better pay and benefits.

I’m shocked it’s taken this long but the reality is, the free market doesn’t always work as quickly as we’d like. The good news is, left alone it will balance itself. It doesn’t require government, just the invisible hand of millions of people all pursuing their own self-interest.

Enjoy the weekend!!


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  • I’ve been following Daniel Amerman’s writings for the past 3 or 4 years. He’s very insightful. His interpretation of fed policy I think is unique and he’s been able to predict their actions pretty well over the last two years. Financial repression is job 1, hyperinflation is unlikely but accidents happen, and asset/liability strategies like the big boys use are the only way to protect yourself. Higher taxes, and more currency controls on the way.

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  • Fellow Liberty Lovers, Since 1913, we all know that the Federal Reserve and IRS have been working hand in hand to outright steal the money out of our pockets for their own interests in the form of “voluntary tax”. We also clearly know that should we choose not to pay the Federal Income Tax, along with any state income, or whatever they can come up with, would result in them potentially emptying our bank accounts, showing up to our door, intimidating and harassing all of us in a militarized fashion as they have with some individuals. However, some have managed to legally evade taxes altogether, gotten the IRS to leave them alone, and live somewhat of a free life not having to be extorted every April. For those on here that have gotten there, what have you done besides invoking the 4th, 5th, and 10th Amendment? What did you do or say to those who called your phone to harass you? What did you do if you knew some government bureaucrat hacked into your bank account and took a huge portion of your money? What did you do if some agent appeared out of nowhere to your door? And what did you do when they audited you? It’s ironic, that I as many would consider a member of the government mafia, would be asking my friends this question. But like you, I want to see everyone keeping all their money, not for bureaucrats to steal it when you worked in the hardest and smartest (ethical) way possible for it.

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  • Although the Federal Reserve didn’t exist until 1913, and fiat currency not until the 1970s, there have been government controlled national banks since 1791. I’m interested to know exactly how the First Bank and Second Bank of the United States differ from the Federal Reserve, as I often hear people say that the U.S didn’t have central banking until 1913 when the Federal Reserve was created. But isn’t a national bank controlled by the government essentially a central bank, with the only difference being that there wasn’t fiat currency?

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  • Hey, I write for seems like the right place to share my articles, I thought you all may be interested in them.

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  • I would really appreciate some advice on the Federal Reserve “Assets” and terminology.   What happens if the Fed lets its “Loans”(?) mature and not “roll them over”? Does the Fed then have to print money to pay for them? If it does then that money goes to the holders of the “Loans”, the creditors, and is now out in the market, so to speak. What’s the downside to letting the “loans” mature from an Austrian point of view?   If it continues to roll over the “loans”, how does that happen and what’s the potential downside?   The Fed considers these “Loans” to be Assets. Correct? And that they can sell these “Assets” later on. Are they worth the value they’re on the books for?   I understand they’re in a Catch 22 situation. I gather it’s because if they raise interest rates it will cause jitters in the market, and interest rates will increase and the deficit will go through the roof. And if they don’t raise interest rates, and they print more money QE, they will likely have to buy their own debt (monetise it) because no one else will likely want to lend America any money. So, either way the U.S. is stuffed. Correct?   You can see I’m a clutz when it comes to this sort of thing, but I’d really appreciate a layman’s guide if anyone would care to take the time in simple terms to explain.    

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