It’s impossible to have an economy with 0% unemployment, but it’s also difficult to maintain low unemployment without initiating painful inflation.
Since 1977, the Federal Reserve has focused on creating maximum employment and maintaining stable prices, commonly known as the dual mandate.
Yet, maximum employment is difficult to quantify.
The Fed on its own cannot directly control the unemployment rate, but when the central bank adjusts interest rates in response to inflation, it does indirectly influence the unemployment rate.
Maximum employment is also difficult to quantify because existing measures of employment, such as the unemployment rate or the labor force participation rate, often do not account for certain groups of people.
The unemployment rate does not include discouraged workers, who want a job but have stopped looking for one because they feel like they will not be able to find employment.
Leaked Highly Classified Intel
Par for the course under the current administration, highly classified documents happened to appear on the internet, with details ranging from Ukraine’s air defenses to Israel’s Mossad spy agency, China, the Middle East and Africa.
The investigations thus far lead officials to believe it was an internal leak at the Pentagon where images of dozens of classified documents stemmed from.
PSA: FBI Warns Against Using Public Phone Chargers
Avoid using free charging stations in airports, hotels or shopping centers.
Bad actors have figured out ways to use public USB ports to introduce malware and monitoring software onto devices.
The FCC advises you to carry your own charger plug / USB cord and use an electrical outlet instead.
The IRS Releases It’s $80 Billion Plan
The IRS released its plan for the nearly $80 billion in agency funding authorized by Congress, including expected boosts for customer service, technology and enforcement.
The plan aims to “close the tax gap”, with an initial focus on tax returns for wealthy families, large corporations and complex partnerships.
If you and/or your asset collectively exceed the annual $400K threshold set by the “G”, get ready – the squeeze is coming!
The upper middle class will eventually dissolve, either achieving that wealth standard set or not and ultimately regressing on the income totempole.
The progressive income inequality movement is designed to close the gap. In doing that, they will overtax those who took great risks to achieve great wealth by continuing to reward those who do not work. This is NOT the Free Market Capitalism that our once great country once flourished on. Instead we punish productivity and reward laziness.
Creating Your Own Realty
With everything going on in today’s society, the one thing you want to do is have control over your own destiny. You want the ability to create your own income, your own lifestyle, your own free will. You can manifest this in a few ways – but the way that has worked out the best for me is TRADING that’s right, just me and the market. It is so pure – either you’re right and earn an income or you’re wrong and you don’t. Either way, there’s another opportunity nearly everywhere you look – there’s nothing else like it!