Editorial

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Steve Gardes

Community banks more important than ever

Tue, 05/16/2023 - 11:00am

We have a government induced banking crisis, and it is not contained—but rather is in its early stages. Our mission today is to seek the truth about how to best protect your money, and we will start by connecting the dots on what is happening and why so that you will be able to recognize misinformation. When we finish you will see how important your local community bank is to your financial freedom—and how important your deposits are to your local banker.

Biden on debt ceiling and spending cuts: ‘No one’s ever tied them together before.’ Except in 2011 and 1996, Mr. President.

Wed, 05/10/2023 - 2:25pm

“You just can’t. No one’s ever tied them together before.”
That was President Joe Biden on MSNBC on May 6, claiming that Congress has never increased the debt ceiling in exchange for budget, spending and regulatory changes.
There’s only one problem. It’s completely false.

Fed finally gets interest rates above inflation

Tue, 05/09/2023 - 9:49am

The U.S. Federal Reserve has once again hiked interest that it charges banks in the wake of continued elevated inflation — which peaked at 9.1 percent in June 2022 — in a bid to calm what has been a lingering problem for the overheating economy, which slowed down to 1.1 percent annualized growth in the first quarter.
Finally, the Fed has brought the Federal Funds Rate, now at 5 percent to 5.25 percent, above that of the consumer inflation rate, which remained at 5 percent in March with the April report due from the Bureau of Labor Statistics on May 10.

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