Can Fractional Reserve Banking Survive?

via Doug French: Caitlin Long tweeted over the July 4 weekend, “BIG NEWS for #fintech! A sixth US state—Idaho—is willing to charter uninsured, non-lending, 100% reserve banks that are eligible for Fed master accounts (the other states are CT, ME, NE, VT & …

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Well, having liquidity problems?

Bank of England set to incur £150bn loss from bond sales after interest rate rises Higher interest rates will force the Bank of England to make a loss of £150bn from the sale of bonds bought to shore up the UK’s financial …

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DeSantis Colluding with Biden to Stop Trump

https://twitter.com/_/status/1683880194392592385 Florida Governor and Republican presidential candidate Ron DeSantis was involved in a car accident on his way to a Tennessee campaign event. According to a statement on his behalf, he and those accompanying him were not injured. — Sprinter …

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KJP “Hurts So Good” Presser: Prices UP 16.6% And Real Wages Down -3% Since Biden Took Office (Food UP 56%, Gasoline UP 52%, Mortgage Rates UP 153%) Hurt So Good???

by confoundedinterest17 Biden Press Secretary KARINE JEAN-PIERRE: “The American people are beginning to feel Bidenomics” Prices are up 16.6% and real wages are down 3% since Biden took office. Well, at least Jean-Pierre didn’t claim like her boss Joe Biden claimed …

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Biden’s Mortgage Market! Mortgage Demand Falls 1.8 Since Last Week, Purchase Mortgage Demand Down -49% Since April 2021, Refi Mortgage Demand Down -87% As Mortgage Rates Up 115% (Hurts So Bad?)

by confoundedinterest17 Biden loves to brag about Bidenomics, or should I say selective stats like the labor market. But the mortgage market hurts so bad. Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers …

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Nanobot Fertilizes Human Egg

Bad. There is a reason that millions of sperm compete to reach the egg and every one of us sitting here today won that struggle. Whatever guided us, gave us the strength, vitality, intuition or wherewithal to succeed is being …

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