Mighty FED

[MarkD]

Agree. She has been nominated by Trump months and months ago, and it's interesting she is being dumped at this time. In broad daylight, and nobody is even considering why?

[AstuteShift]

Agree. She has been nominated by Trump months and months ago, and it's interesting she is being dumped at this time. In broad daylight, and nobody is even considering why?

My opinion is that the FED is planning to release its digital currency in 2021, bitcoin gaining traction now before they squash it. Governments will keep printing and the gold standard goes against the trend.

[langdj]

I would add big pharma to Team B

When I look at trends in society I always ask myself how the Fed will use it to create more money or how big pharma will use it to sell more drugs / vaccines.. The recent riots and Covid are obvious exhibits.

What we learned in recent events is airlines, cruise-lines, hotels, car companies have very little power compared to those other groups

[Triplethought]

I would add big pharma to Team B

When I look at trends in society I always ask myself how the Fed will use it to create more money or how big pharma will use it to sell more drugs / vaccines.. The recent riots and Covid are obvious exhibits.

What we learned in recent events is airlines, cruise-lines, hotels, car companies have very little power compared to those other groups

But Big Pharma is only 1.25 Trillion worldwide revenue which is not even in the top 10 sectors. Why would you describe "economy changing" power to a smaller player?

https://www.ibisworld.com/global/indust ... y-revenue/

[MarkD]

interesting book, Tracking Mr. Global by Thomas Hupp, is a good primer on who the power monopolies are running the show. MIC, Pharma, Food, Tech, Media, Banksters, etc. I recommend for those who want a quick, easy read.

Just remember, NAZI Germany had a cabal that tried to rule the world. Merging Bayer and Monsanto was very concerning if you read history.

[SOL]

Those that try to rule others ultimately always fail for they don't know how to rule themselves. In other words, they can't control their emotions. Action directed by emotion is like giving a jackass a ferrari and asking it to drive from coast to coast without destroying half the car. It's mission impossible.

So these guys will ultimately fail for they base their decision on force and not power. The hidden power moves slowly, not because it's patient but it because it understands the value of power over force.

[Investor87]

Just saw this in my daily news email from the Morning Brew.

“The Fed Tiptoes Into Race

For the Federal Reserve, 2020 was a YOLO year. In response to the coronavirus crisis, the central bank quickly dropped interest rates to near-zero and, in unprecedented fashion, provided up to $2.3 trillion of financing to support businesses and markets.

It also confronted issues of racial inequality far more than it had since its founding in 1913. The killing of George Floyd last spring spurred calls for the Fed, the most powerful economic policymaking body in the world, to reflect on the ways its own actions have reinforced racial inequality—and use its influence to help address it.

The backstory

Historically, the Fed has acted like a football player under Bill Belichick—it just tried to do its job. And that job, as mandated by Congress, is very clear: to 1) keep prices stable and 2) achieve maximum employment.

But by pursuing those goals like a horse with blinders, critics say, the Fed ignored racial economic inequality and perhaps made it worse.

One example: In the 1950s and 1970s, the Fed raised the cost of borrowing to slow down inflation growth (and fulfill job #1). According to Howard University economics professor Williams Spriggs, that tightening of credit disproportionately harmed Black Americans and inflated Black unemployment relative to the national average.
The nowstory

The Fed is swapping its “do your job” approach in favor of a “with great power comes great responsibility” approach. In the fall, the Fed kicked off a series of events that explored the central bank’s role in racial economic inequality.

First came the reckoning. The Fed “absolutely has to know, be passionate about, be interested in not just the wealthiest or the median, but all the people," said Ursula Burns, the former CEO of Xerox and the first Black female CEO of a Fortune 500 company.
Then came the pledge to do better. “We need to step forward and be present in this conversation and own that we have a role to play,” said Atlanta Fed President Raphael Bostic, the first Black person to lead a regional Fed bank.
Not everyone thinks the Fed should step outside its traditional job description. As Minneapolis Fed President Neel Kashkari pointed out, some people will say it’s Congress’s role, not the Fed’s, to tackle issues of racial inequality. The WSJ editorial board argued a greater focus on race would lead to “ultraloose” monetary policy (inviting more inflation).

Looking ahead…the Fed’s greater attention to racial inequality is now being written into actual policies. Following a 20-month review, the Fed released new guidelines stating that maximum employment is a “broad-based and inclusive goal.” That’s central bank-speak for signaling it’ll consider the unemployment rate among minorities when making decisions.”

[langdj]

Just saw this in my daily news email from the Morning Brew.

“The Fed Tiptoes Into Race

For the Federal Reserve, 2020 was a YOLO year. In response to the coronavirus crisis, the central bank quickly dropped interest rates to near-zero and, in unprecedented fashion, provided up to $2.3 trillion of financing to support businesses and markets.

I used to get the Morning Brew newsletter. You would figure that biggest social media platform for stocks would have some valuable information in their newsletter. However, it is mostly just "cut and paste" of the what main stream media narrative is with a few cool words like "YOLO" and some Rocket MEMEs thrown in there

[Investor87]

I also get "The New Paper". It is nice. Their goal is to get you un-sensationalized news. They do a pretty good job it seems.

[SOL]

One time I read no news at all for almost 3 weeks (not an easy task I might add), but boy was it the best mental vacation ever. The world did not end, nothing really changed other than the fact that I felt a lot lighter. The best news is little to no news. After that episode, I slowly worked on developing a technic to viewing news as a work of fiction. So for the most part news no longer has the same impact as it once did many moons ago.

If you really look at it, most of today's news outlets are parasites; their only function is to add inflammatory language to turn a useless event into one that appears to be newsworthy. However, other than the rise in tension, stress, joy, etc one can't benefit from the news. if the news helped then news followers would be millionaires or billionaires but most are chickenaires

[Yodean]

"Chickenaires": that's pretty funny, never heard that term before. Neologism.

Yeh, ever since I reduced my consumption of mainstream media by over 90%, I think much more clearly. More time to read good books as well. A bit harder to trigger.

It's funny, so many of us pay a lot of attention to what we put in our bodies in the form of food, drink, and supplements, but we don't give a second thought to what we put in our minds by passively watching television and mindless YT videos.

With that said, I do use the little bit of mainstream media I consume to help me gauge herd psychology, as well as for occasional entertainment (akin to eating some junk food once in a while).

Can anybody recommend any "not-so-terrible" news sites? I realize they are all biased to a certain extent, and like voting for the POTUS, it may be a case of picking the lesser of many evils.

[SOL]

Unbiassed news that's a loaded question, but here are some sites you can give a shot. But take everything with a tablespoon of salt and barrel of whiskey



https://therealnews.com/

https://www.alternet.org/

https://www.csmonitor.com/

https://www.financeasia.com/

https://thediplomat.com/topics/economy/

https://euobserver.com/

[Budge]

Unbiassed news that's a loaded question, but here are some sites you can give a shot. But take everything with a tablespoon of salt and barrel of whiskey



https://therealnews.com/

https://www.alternet.org/

https://www.csmonitor.com/

https://www.financeasia.com/

https://thediplomat.com/topics/economy/

https://euobserver.com/

We are into the start of the tech equivalent of book burning and reeducation camps. Any "wrong" thinking organisation will be purged or coopted.

[AstuteShift]

Eliminating news is a must nowadays

A good walk, yoga or reflection is the cure from the hysteria

It’s interesting to see how rampant fear is and how so many are controlled by it

[bpcw]

We used to get a paper called good news (haven't been able to get it since covid-19) which was full of positive encouraging stories, perhaps the mainstream news sources should be honest and just call their channels/programs bad news, and if it became part of the language, we probably wouldn't watch so much. "What times the bad news on tonight darling"...."who cares, let's watch something positive darling", "ok sounds good "!