Trump or no Trump, America will never be great again… Read More Watch Out!
Casting Trump as singular — rather than emblematic — ignores the systemic problem, and risks never draining the larger marsh that continues to turn corporate cash into corrupt laws… Read More Trump Built His Swamp In A Marsh Of Legalized Corruption
“NYC has experienced worse,” they say. No it hasn’t. … Read More NYC Is Dead Forever… Here’s Why
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
“While the economic shutdowns and increased use of online retailing are currently diminishing cash’s traditional function as a medium of exchange, it seems that this is being more than offset by panic driven hoarding of banknotes.”… Read More Covid-19 Isn’t Killing Cash. People Are Hoarding More of It
At the same time that we see the largest fiscal and monetary support plan since World War II, we are witnessing two dangerous collateral effects: the rise of zombie companies and the collapse of small businesses and start-ups… Read More The Risk of the Bailout of Everything
Considering the New York Fed is privately owned by the member banks in its region (as are all of the 12 regional Fed banks) and has run up a $3.9 trillion balance sheet, you’d be forgiven for thinking its share owners would be on the hook for any liabilities. But you’d be wrong… Read More Taxpayers Are on the Hook for 98 Percent of the Fed’s $6.98 Trillion Balance Sheet
Trump’s America is facing unparalleled economic disaster… Read More This is How an Economy Implodes
By January 6, the Fed had admitted that it had made more than $6 trillion cumulatively in emergency repo loans to the trading houses on Wall Street. That was weeks before the first coronavirus outbreak had occurred in the United States… Read More Evidence Suggests U.S. Financial Crisis Started on August 14, 2019
If a reputable polling outfit were to ask Americans what caused the current financial crisis on Wall Street, they would say the coronavirus COVID-19 pandemic.
But as this article argues, the financial crisis on Wall Street began in earnest on September 17, 2019, almost four months before the first death from coronavirus was reported in China on January 11… Read More Wall Street’s Financial Crisis Preceded COVID-19: Chart and Timeline
In the past 90 years there have been three financial crises on Wall Street that required emergency operations by the Federal Reserve. … Read More The New York Fed Is Exercising Powers Never Bestowed on It by any Law