U.S. and China's Central Banks have lost control of their overnight repo rates and are both are expected to devalue their currencies and flood their banking system with fiat money to avoid banking collapse.
If the Fed wants to maintain the appearance that it controls interest rates, it will have no choice but to print the cash needed to buy up enough paper to keep short term rates from continually spiking to 5-10%
On Wednesday the Fed cut the federal discount rate .25 percent. However, experts believe quantitative easing is next.
With the Federal Reserve cutting interest rates and possibly returning to quantitative easing, gold prices have been rising. Many investors are considering gold mining stocks as an opportunity to reap the benefits of increased gold prices.
This editorial is a response to an August 17 editorial, in the local Curry Coastal Pilot newspaper, which blamed global warming on and an increase of carbon dioxide from burning fossil fuels.
Demand for gold increases as gold replaces U.S. dollar as the reserve currency. As the Federal Reserves devalues the dollar the price of gold increases.
The Federal Reserve introduced Quantitative Easing as an emergency measure, but it is now accepted as standard procedure as recession cure.
A recent editorial in the local paper said we are the only advanced nation that does not guarantee health care for all. We jail too many people. We need to cut defense and spend more on welfare. We have to many gun deaths. We need to raise taxes. We have too many rich people, and not enough in the middle class.
Democratic presidential candidate mayor Pete Buttigieg says he is a Christian gay person. That is like saying he is a Christian adulterer or a Christian murder, it is a contradiction in terms.
Scientists have discovered the theory of evolution violates the laws of conservation of energy and entropy. Paley's argument that a watch design requires a watchmaker has proven to be correct.

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