Redneck Review!
No. 189 - 12/3/2018
Time to recap, review, and some new!  If 53 years of teaching have taught me anything, it is that repetition is a vital necessity if something is going to be understood and maybe remembered!  So this week's review will step back a bit and repeat some claims made in the last articles printed here; then look back to the past to review some of the claims made and arguments given during the last several years and months. Finally, some new and just recently received news relating to the same topics will be posted here.
First RECAP!  My computer dictionary says this means: "To state again as a summary." So briefly, last week's review claimed that the FED (Federal Reserve) is "between a rock and a hard spot!"  Faced with an increasing inflation threat, the FED is now using QT, "Quantitative Tightening," reducing the money supply by nearly $50 billion monthly, and raising interest rates. But public and private debt, at record levels we're told, means that new and increased pressure is put upon holders of this debt.  The stock market is also at risk because much of the investment has been made with borrowed money! And significant amounts of that money involves risky ventures, or so we are told!
Should this "tightening" effort prove disastrous, it is now claimed that the FED may well be forced again to another round of QE, "Quantitative Easing", that is resuming the now almost eight year practice of putting more money back into circulation and resorting again to lower interest rates.  Time will tell, but as claimed last week, "It could be a wild ride!"
How about a bit of REVIEW?  Over the past years and months, the claim has  been made repeatedly that federal government and FED practices of using low or near zero interest rates, and encouraging increased debt would necessarily bring on new and dangerous inflation problems.  Looking back, into the 1980's in fact, in articles written under the title LET FREEDOM RING, in this same Cottonwood Chronicle, it was claimed repeatedly that the $1 trillion dollar national debt at the time would grow and grow and threaten the nation's future! (Remember the debt today is over $21 trillion!). And the increased cost of everything has been steady and as claimed there, absolutely predictable!  Inflation!!
And current readers on line and in the Chronicle the past three plus years know that the same claim has been made over and over in RED NECK REVIEW articles.  A glance at the past articles finds discussion and predictions on debt and inflation in articles 20, 32, 36, 45, 65, 93, 124, 125, 143, 149, and a few since!  The claim made here is that predictions made in those articles over the years are coming true!  Asserted here also is that common sense and a willingness to agree that 2 + 2 = 4 would force anyone with the same information to arrive at the same conclusion!  Bold statement, but true if investigated!
Finally, a bit of SOME NEW!  First, the wild gyrations of the stock market lately, which from a high on the Dow Average near 27,000 had dropped to a dangerous low nearing 24,000. But recent rebounds left it back up to 25,547!   Who really knows what tomorrow brings?
And by the way!  Does anyone remember the "Far out" predictions made here in RNRs, 93 to 96 and again in 122?  That silver was headed to new highs of $100 and even maybe $1000 an ounce?  Well, recent information from the Department of Justice in November, charging a J.P. Morgan bank official with years of manipulating the metals market in my mind means an explosion in silver is on the horizon!  More evidence about this next time! 
Jake Wren

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