Watch this and weep for America!!!!

Like Maxine Waters another low IQ Democrat.  I have a hard time believing this guy actually is alive and somebody voted for him.

Liberal FACTS on GOLD!!!

Famous. Fed. Words.

“The simple message is the economy is doing well. We have confidence in the robustness of the economy and its resilience to shocks.” – Janet Yellen, March 15, 2017.

And the WIN goes to the banks, AGAIN!

Banks are in no rush to pay savers and depositors more, or anything for that matter, they wasted no time in piggybacking on the Fed's rate hike by boosting their own Prime Rate, the interest that banks charge their most credit-worthy customers. To be sure, the vast majority of borrowers pay vastly higher interest rates, but Prime - like Libor - serves as the floating benchmark for many, if not most now that Libor is defunct, outstanding secured and unsecured loans, including credit cards and mortgages.

It is those borrowers who may be interested to know that as overnight, virtually every bank has now increased its Prime rate from 3.75% (where it was after the December rate hike) to 4.00%, oh and they have no obligations to notify debtors of the increase

Among the banks who have announced an increase in their Prime rate are the following:

• Bank of America
• BBVA Compass
• BB&T
• BMO Harris Bank
• BNY Mellon
• Citibank
• Citizens Financial
• Fifth-Third Bancorp
• JPMorgan Chase
• KeyCorp
• M&T Bank
• PNC Bank
• Regions Bank
• SunTrust
• US Bank
• Webster Bank
• Wells Fargo

And while savers are once again getting the shaft, and major beneficiary of yesterday's Fed rate hike will be... the banks again. Recall that the Fed pays lenders Interest on Excess Reserves, or IOER, which as of today is 1.00%. And since currently there is $2.13 trillion in outstanding bank excess reserves (a number which fluctuates depending on whether banks are using other Fed liquidity conduits at any given moment), it means that as of today, the Fed will pay banks $21.3 billion in interest on reserves every year (assuming the Fed does not hike more), an increase of just over $5 billion from the $16 billion in annualized interest banks were received from the Fed until yesterday.

At one time long ago I worked for a massive bank.   Had a good boss. He is probably still whipping his bankster brokers into a frenzy to "help" the blue hairs.  Don't you find it amazing that over the last decade America has added $10,000,000,000,000 in debt and kept fed fund interest rates around 1% and still can't get an economic recovery going? The blue hairs didn't stand a chance then and they sure don't now.  Work a lifetime and a bank gives near zero interest on your money. Thank you Janet Yellen very much.         

FED BESPOKE or more FED FOLLY!

This should be required reading for every financial "journalist" in America.   I have a hard time typing the word journalist, a real journalist is probably on the endangered species list unlike the paid actors that inhabit the airways as shills for the billionaires behind the ad dollars.

Click on the link and read the Yellen Q & A for yourself.

Janet Yellen talking, where I come from it's called bullshit.

SNOOP DOG

James Comey

Is there anyone in America outside of Obama with less credibility than this guy?

Bozeman Montana Real Estate

What an interesting market.   Reminds me of LaJolla back in 1980.   Talk about builders/developers without much of a clue!  Best of luck to them.

Matt Drudge on the WEATHER

Drudge also questioned the National Weather Service in light of Tuesday's snowstorm.

"Lots of misses piling up. Overreaction by govts, bad forecasting very troubling trend!" he tweeted adding that "Trump should clear out climate hysterics from NWS. All storms grossly exaggerated. National Guard called for 3 inches? JFK closed? Laughable."