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Click On Picture To See Larger PictureThe Fed is right on schedule, they are holding the rates while building the narrative of a rate cut. Powell admits the job numbers might be overstated. Election interference. Saudi Arabia Petrodollar agreement is expiring, the [CB] is being dismantled. The [DS] is not in control, the people are seeing the truth. Trump has now set the stage for the debates. Back in 2020 he told the world that the laptop was real and that JB was lying about taking money from foreign countries. Biden used 51 intelligent clowns to back up his story, now the truth is out and he lied. From this point on the strikes will come fast and the [DS] will be exposed further as we get closer to the election.

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Economy

Powell Admits The Biden Admin Is "Overstating" Jobs

Every first Friday of this year (here, here and here) we have spent hours deconstructing the glaring propaganda peddled by Biden's Labor Department, meant to show just one thing - how "strong" the economy is under the current administration - and exposing just how ugly the underlying labor data truly is. Last Friday's nonfarm payrolls was the most recent case in point: for those who didn't read our extended analysis titled "Inside The Most Ridiculous Jobs Report In Years", which dissected the laughable claim that the US added 272K payrolls (more than the highest estimate), here is what we found.While the Establishment Survey did indeed report that 272K "jobs" were added, this number also included multiple job holders; stripping those out, we get that the actual number of "employed" workers plunged by 408K...

https://twitter.com/Snowden/status/1800968703678320885?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1800968703678320885%7Ctwgr%5E5c68321f37086c216c232417d7eed0712613a417%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Ffed-chair-powell-admits-biden-admin-overstating-jobs

Isn't this another case of election interference. He is lying to the people on the state of the economy

Source: zerohedge.com

The Fed’s interest rate mistake is a gift for Trump

Wednesday’s decision to maintain current rates, though, was a mistake: The Fed should be cutting rates already. And every month it refuses to do so is a gift to Donald Trump.

The Fed says it’s maintaining current interest rates to fight inflation. It might seem that that’s good for Biden. But that isn’t the case.In the push and pull between fighting inflation and avoiding recession, other central bankers are beginning to lean toward the latter.

To be clear, the Fed’s theory has nothing to do with politics. (Trump has already promised he won’t reappoint Powell as chair.)

Source: msnbc.com

Federal Reserve updates timing of first interest rate cut

 "We're on the fence but in no way committed to cutting rates too soon," he added. "The 2024 cut priced in the market remains a coin flip, which will be likely decided by inflation in Q3."

Source: thestreet.com

https://twitter.com/BitcoinMagazine/status/1801173646284652805

US-Saudi Arabia Petro Dollar Pact Ends – Joe Biden’s Failures Are Bringing an End to Global Dollar Dominance

Via Kanekoa.

https://twitter.com/KanekoaTheGreat/status/1640855720404058114?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1640855720404058114%7Ctwgr%5E8abe370d51bf8a9a45d5f0f51d2fd3a6c5c66718%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2024%2F06%2Fus-saudi-arabia-petro-dollar-...