Has the Fed begun a program of stealth QE? Also, we discuss peak oil, CBDC opposition, economic inequality, and the need for a nuclear energy renaissance. Tune in!
by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity
In today’s Finance University episode, I once again had a great discussion with Paul Kiker from Kiker Wealth Management.
First, we discussed the Federal Reserve’s recent decision to do nothing. No rate cuts for you! Despite the lack of movement in this week’s Fed meeting, there’s evidence suggesting that quantitative easing (QE) might have quietly been restarted. On May 5th and 6th, the Fed purchased some $35 billion of US Treasury bonds. If such an enormous burst of purchasing wasn’t QE, then what exactly was it? I speculate that it was a stealth move to inject liquidity into the system. This is particularly interesting given the backdrop of a market that’s been under a lot of stress, with bond yields fluctuating and a notable failed bond auction in Germany.
We also touched on the topic of Peak Oil, which is no longer just a fringe theory but is now being discussed in mainstream financial news like Bloomberg. The CEO of Diamondback Energy has stated that U.S. shale oil production has likely peaked, which signals a truly massive moment in global energy history. Too few are paying any real attention to this story, but our specialty is getting you to the action early and often.