Description

The Fed has raised rates to the 2-2.25% range and this is the 8th rate hike since the fed began raising them in 2015. Fed Chairman, Jerome Powell, has given several speeches in the last week and there’s several insights we can gain from Mr. Powell just by reading closely into what he’s saying. Folks, this guy is completely clueless about the next economic crisis brewing out there. We are nearing the end of this super bubble.

“Blown Away” Kevin MacLeod (incompetech.com)

Licensed under Creative Commons: By Attribution 3.0

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Meet the hosts

I farm and work on a feedlot just outside of Billings, MT. My dad and I will feed up to 8,000 head of cattle every year at the feedlot. As of September 20th I launched a podcast on iTunes where I talk about the current issues of the day. My mantra is defending the free market and making the moral case for capitalism! My show is weekly and is available on iTunes, Stitcher and your web browser.

discussions

  • Ron Paul wrote a book called End the Fed. Then he proposed a bill not to end it, but to to audit #BecausePolitics. Now his son, Rand Paul, is threatening to place a hold on three nominees to the Federal Reserve board if he doesn’t get a vote on his bill to audit more thoroughly.   Just wondering what the consensus — if there — is a consensus in the L.me community or if it’s just as divided as the broader libertarian world is. Essentially, it’s a question of pragmatism versus agorism.  (The agorism part is alternative money like bitcoin).

    Jump to Discussion Post 11 replies
  • 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.

    Jump to Discussion Post 8 replies
  • 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?

    Jump to Discussion Post 6 replies
  • Hey, I write for CryptoCoinsNews.com Liberty.me seems like the right place to share my articles, I thought you all may be interested in them.   https://www.cryptocoinsnews.com/bitcoin-begins-end-100-years-slavery/

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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.    

    Jump to Discussion Post 17 replies