J-Pow Drops the F-Bomb

Hey There Income Hunters,

Federal Reserve Chairman Jerome “J-Pow” Powell came out swinging yesterday with misdirection, avoidances — and one flat out lie we will address later on. 

However, during a Federal Open Market Committee (FOMC) press conference following the Fed’s monetary policy meeting he just could not hold back any longer …

And he said something truly shocking …

Yes, that’s right … 

He dropped an F-Bomb!

“I know many people just look at asset prices and they look at some of the things that are going on in the equity markets, which I think do reflect froth in the equity markets.

I mean, finally a bit of frothing reality!

The chart below certainly reveals froth. I am shocked we are that far above the dot.com bubble on the price-to-sales ratio …


He’s Lying, I’m Laughing

During the press conference, J-Pow was asked a question about the digital yuan and his answer was so far from the truth that it was laughable …

He went down the path of explaining how strong our position as global reserve currency is and that we don’t have to worry about any competition…

Now, this topic is exactly what I have been preaching lately … and what the Fed and the administration have been hiding from us for the past 40 years!

It will blow your mind!

We have been forcing the dollar on weaker nations for decades and this all is beginning to change…

As I have been saying, the world is in transition to a new global monetary system and the Fed and Treasury need to keep printing money — and a lot of it — to keep the house of cards from collapsing.

I honestly would be shocked if the J-Pow will ever taper or tighten during the rest of his term..

You talk about a bombshell … watch this BONUS video I put together on this very topic. (Plus, I include a couple of awesome companies for you to play from the long side.)

In this video I explain how it is the Petrodollar system that is soo little understood  and rightfully so since the corporate controlled media never mentions it… However, this system has been used to force the dollar on the world as a reserve currency… up to now that is… see video for more…

Check It Out Here: The Signpost for a Dollar Collapse and How to Profit from It

Bring it Home

All I can think of right now is that great Bob Dylan song … “The Times They Are A-Changin.”


On one hand, I’d say we are incredibly lucky to live through such dramatic change, with the ability to trade markets that are driven by such powerful flows …


However, the transition will not be easy and alot of people will get hurt along the way.


All we can do is be prepared and prepare others as well — which is something I try to do here in Power Income!


Here is an update on my portfolio… 


I have added international stocks, which will continue to grow as a % of the total portfolio… I have also been adding to my precious metals bucket as I expect a breakout and continuation of the longer-term trend this quarter…


Most of my deltas reflect vertical option spreads, which can shift to much higher delta’s depending on where the spot price settles at expiration of the option spread…


As always continue to leave your thoughts and comments below and …


Live and Trade With Passion My Friends,


Griff

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