Ripped From The Headlines, December 15, 2022
Fed Chair says more pain coming, retail & manufacturing numbers down again, Vanguard bails on ESG in Texas. Read, share, subscribe - Sherloc Exposes
A BIG Welcome To Our Newest Sponsor, Patriot Depot!
From co-publisher, RC Williams:
We were recently out of town, and we’ve have had our eye on Geneva Bibles for a while now. It was just going to take a while to get them.
When we figured out the team at Patriot Depot was located where we were going, I reached out to see if we could just pick up in person… guess what?
We got them, in person, with a great discount - AND we got to see just how awesome the Patriot Depot team is.
If you read Sherloc Exposes, Patriot Depot is for you.
Check out the super selection of books, clothes, and gifts - and support a business of strong patriots and believers.
Tell them we sent you.
“The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair Jerome Powell said on Wednesday, arguing that a higher cost would be paid if the U.S. central bank does not get a firmer grip on inflation.
Recent signs of slowing inflation have not brought any confidence yet that the fight has been won, Powell told reporters after the Fed's policy-setting committee raised its benchmark overnight interest rate by half a percentage point and projected it would continue rising to above 5% in 2023, a level not seen since a steep economic downturn in 2007.
'We don't talk about this kind of recession, that kind of a recession. We just make these forecasts," Powell said in a news conference. ‘I wish there were a completely painless way to restore price stability. There isn't, and this is the best we can do.'"
“'Most households are acting strategically, planning for a road ahead that may be more difficult to traverse, with higher interest rates, the housing slump, and ongoing inflation—and the very real possibility of a recession,' said Craig Johnson, president of the retail consulting firm Customer Growth Partners.
U.S. stock losses deepened Thursday as investors digested the Fed’s rate plans.
The economy has shown signs of slowing, and inflation has eased from a summer peak, but the labor market remains tight despite layoffs in sectors such as tech and real estate. Jobless claims, a proxy for layoffs, fell by 20,000 to a seasonally adjusted 211,000 last week, the Labor Department said Thursday."
“Texas legislators have excused Vanguard from being grilled on its practices at a hearing on environmental, social and governance investment factors, a week after the asset management giant quit the main global financial alliance on tackling climate change.
The Texas Senate Committee on State Affairs on Thursday planned to question executives from Vanguard, BlackRock and State Street over their ESG investment policies. Republican leaders in the state — the largest US oil and natural gas producer — have accused some banks and asset managers of hostility to fossil fuels.
On Wednesday the committee said that Vanguard no longer needed to attend the hearing in the small city of Marshall. It cited the $7.1tn asset manager’s decision last week to abandon the Net Zero Asset Managers coalition, which requires a commitment to cut emissions to net zero by 2050.”
Finance Thursday, Ripped From The Headlines. Things To Ponder:
(EDITOR’S NOTE: Words in orange are clickable and linked to additional information.)
Fed Chair Powell is doing the HOKUM DANCE!
Earlier this week we received a few emails (you can email us to: asksherloc@protonmail.com) asking if we felt like we were being to “doom & gloom” on the economy…
Well, today’s response from Federal Reserve Chair Jay Powell is your answer:
'We don't talk about this kind of recession, that kind of a recession. We just make these forecasts," Powell said in a news conference. ‘I wish there were a completely painless way to restore price stability. There isn't, and this is the best we can do.'"
So do we, Mr. Chairman. Maybe… just maybe… if you didn’t have INCREDIBLY BAD FISCIAL DISCIPLINE IN THE FIRST PLACE, THIS WOULDN’T HAVE HAPPENED?
You’ll have to answer for this, Mr. Chairman.
How about those retail sales numbers?
This time last week, lots of people were saying things were on the right track, and “the numbers are great!”
Sure.
For October.
But Not Really.
We said, wait for the new numbers…
and then the November numbers arrived today.
Ouch.
And why did we say wait for the numbers?
Because rich guy from Citibank TOLD US TO BRACE FOR A RECESSION.
If the bomb diffuser is running, you should keep up.
Vanguard is rich… and maybe not a dumb as we thought!
The Republic of Texas is a special place…
They have a knack for figuring out that a “dog don’t hunt.”
That dog is Vanguard.
Under pressure from Texas, Vanguard magically dropped out of the Net Zero Asset Managers Coalition (???) and saved their hides from a grilling.
Because at the end of the day…
It’s ALL about the money.
What Does This Mean?
The economy Your future is hanging the balance… literally.
The people running things have no clue how to fix the problem… because it’s too big to fix now.
They’ll be using any assets you’ve left in their hands (i.e.: pensions, 401k’s), and rob you blind to try and “fix” the problem.
You’ll be less wealthy, with less supplies, and less free to speak your mind.
Those aren’t good things.
Why should I care?
There’s so much to unpack…
Your wealth…
Your legacy…
Anything you plan to leave for future generations…
Getting the basics to live…
All of these things are teetering on the edge.
You should REALLY care.
What Should I Do?
Start thinking about the basics that people will need, and look at those things as potential avenues to protect yourself and as an investment.
Do you know why Berkshire Hathaway’s stock is so expensive?
They touch 90% of your life everyday, and you don’t even realize it. That’s inflation/deflation/recession/depression insurance. You’ll still need toilet paper and toothpaste.
You should also tell as many people as you can about what’s happening. Don’t leave people behind, while we still have a window to help them.
Quick way to do that: Share this newsletter… heck, take from it and do your own. We give you permission…
Take the time to learn more about Parallel Economies, and find alternatives to the things you use today… food, money, transportation.
GET MOVING ASAP.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
Share this email with everyone you know. Sign up for a free or paid subscription. Paid members will receive our in-depth solutions.
Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
Have a tip on a story, case, or issue that needs to be covered? Email us: asksherloc@protonmail.com. Confidentially assured.