Wall Street owns Washington DC – figuratively speaking. In literal terms, the largest banks in the nation own the Federal Reserve. They also bought and paid for a great number of DC politicians as evidenced by campaign contributions, Congressional voting records and sham oversight.

This was on full display at last week’s Committee on Financial Services hearing. “The Honorable Randal Quarles,” Vice Chairman of Supervision at the Fed, was among three people called to report for purposes of “oversight.” A memo outlining the topics of discussion was published by the committee.

The discussion ranged from a proposed rule change which would allow individuals with “certain minor criminal offenses&rdquo ... Read more »

Coming up Greg Weldon of Weldon Financial and Gold-Guru.com joins me for an interview you simply must stick around to hear. Greg is ready to make another bold call on the precious metals, having nailed previous moves in both gold and silver perfectly right here on this podcast earlier this year. Greg also tells us why he believes the trade deal with China is keeping many Americans hopelessly distracted about the real issues in the economy -- and why a deal there will simply not be enough to keep the economy going strong. So be sure to check out my interview with Greg Weldon, coming up after this week’s market update.

Precious metals markets are ending the week on a sour note – and the general stock market is rallying.

Stocks started the month in negative territory after President Donald Trump said that a trade deal with China could be delayed. Trump suggested that C ... Read more »