A Preview Of The Federal Reserve’s Coming Direct Money Transfers
Federal Reserve Governor Lael Brainard Says Fed Collaborating With MIT On “Hypothetical” Digital Currency… Read More A Preview Of The Federal Reserve’s Coming Direct Money Transfers
Author: Don Quijones
Bombshell Report: Fed Is Aware that Big Banks Are Rigging their Stress Tests and Letting Them Get Away with It
This echoes a similar warning last year from auditors in Europe that the European Banking Authority’s stress tests are a total sham… Read More Bombshell Report: Fed Is Aware that Big Banks Are Rigging their Stress Tests and Letting Them Get Away with It
Warren Buffett: America’s Folksiest Predator
Dave Dayen’s new book “Monopolized” shows how Buffett has normalized monopoly power… Read More Warren Buffett: America’s Folksiest Predator
Kansas Should Go F**k Itself
Author Thomas Frank predicted the modern culture war, and he was right about Donald Trump, but don’t expect political leaders to pay attention to his new book about populism… Read More Kansas Should Go F**k Itself
Bite the Bullet or Extend & Pretend? Unemployment in Europe
45 million people have been furloughed in Germany, the UK, France, Italy, and Spain, but the “unemployment” rate barely budged because furloughs don’t count. Creating government-subsidized zombie companies & zombie jobs?… Read More Bite the Bullet or Extend & Pretend? Unemployment in Europe
Study: Billionaires That Donated to Gates-Buffet Giving Pledge Now Richer Than Ever
As the assets of the billionaire class in the US swell to $3.5 trillion amid the pandemic, a new study of philanthropic giving reveals that many of America’s wealthiest are using charitable donations to stay rich and get richer. By Raul Diego and cross-posted from Mint Press News. A study released by the Institute for… Read More Study: Billionaires That Donated to Gates-Buffet Giving Pledge Now Richer Than Ever
Think ‘Sanctions’ Will Trouble China? You’re Stuck in the Politics of the Past
The complex history of how China and the US once embraced each other should inform how the current showdown is tackled… Read More Think ‘Sanctions’ Will Trouble China? You’re Stuck in the Politics of the Past
Covid-19 is the Last Straw for Europe’s Broken Banking System
Woe betide Europe’s banks if there is a second wave of the coronavirus… Read More Covid-19 is the Last Straw for Europe’s Broken Banking System
A Global Debt Crisis Is Looming — How Can We Avoid It?
There is an urgent need for wide-ranging debt relief in the midst of the coronavirus pandemic… Read More A Global Debt Crisis Is Looming — How Can We Avoid It?
America’s Monopoly Problem Goes Way Beyond the Tech Giants
Congress grills Amazon, Apple, Facebook, and Google, but many other industries also deserve antitrust scrutiny… Read More America’s Monopoly Problem Goes Way Beyond the Tech Giants
It’s the Healthcare System, Stupid
Care beyond the means of all but the rich… Read More It’s the Healthcare System, Stupid
Amazon Had a Campaign to Destroy Competitors “the Way a Cheetah Would Pursue a Sickly Giselle”
“Our investigation produced documents that show that sometimes Amazon doesn’t play fairly, crossing the line from robust competition to predatory pricing to destroy rivals rather than out-compete them,” said Congresswoman Mary Gay Scanlon.… Read More Amazon Had a Campaign to Destroy Competitors “the Way a Cheetah Would Pursue a Sickly Giselle”
