A hub for independent voices and hard truths
Authored by Mike Shedlock via MishTalk.com, Federal tax receipts suggest GDI numbers, not GDP numbers, are accurate. They also hint at recession… Tax receipts from the BEA, chart by Mish Tax receipts and total receipts are from the Bureau of …
by confoundedinterest17 The US Fiscal position is very bad and the US is beginning to look like a third world economy. And with Biden and Democrat AGs filing indictments against Biden primary Presidential oppoonent, that country is Venezeula! Like skyrocketing …
by TacticalHog source: New York Fed Most recently, the Fed removed a recession from their forecast. This came less than a year after they said a recession may be the only way to tame inflation. We truly are investing in …
via naturalnews: House Republicans have authored a new bill that would grant Americans the right to sue federal employees caught aiding or abetting the suppression of free speech online. Known as the Censorship Accountability Act, the legislation aims to take down …
by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit …
by Simon Black The Federal Reserve– the most critically important central bank in the world– is completely, hopelessly insolvent. This isn’t some wild conspiracy theory or overly dramatic interpretation of the facts; we’re extremely data-focused in this organization and base …
I’m a lot happier paying for an empty federal office building than I am paying for one filled with anonymous apparatchiks wrecking the country. We need many more empty federal office buildings. via based-politics: The pandemic changed how people work, …
Sens. Elizabeth Warren, D-Mass., and Lindsey Graham, R-S.C., introduced legislation Thursday to establish a new federal regulatory commission made up of presidential nominees to “rein in Big Tech.” The bill, dubbed the Digital Consumer Protection Commission Act of 2023, seeks to …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/publications/files/large-bank-capital-requirements-20230727.pdf Wut mean?: Following its stress test earlier this year, the Federal Reserve Board today announced the individual capital requirements for all large banks, effective on October 1. Large bank capital requirements are in part determined by the …
via notayesmanseconomics: Today is the morning after the night before and let me hand you over to the Financial Times to explain why. The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday …
by Dismal-Jellyfish https://public-inspection.federalregister.gov/2023-14556.pdf Prerule Stage: SOURCE OF STRENGTH (SECTION 610 REVIEW): Purpose: The Federal Reserve, along with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), is working on a proposed rule. What It’s About: This …
Darth Powell knows: This is the result of economic and social terrorism caused by the elite/donor class and Federal Reserve. Rewarding the most worthless, least productive members of society (asset price speculators) over actual production/innovation. https://t.co/UhRkGnrXJL — Darth Powell (@VladTheInflator) …
by confoundedinterest17 How badly has Bidenomics and generally Federal spending has crippled the US? An example. The interest on US Federal debt is approaching $1 TRILLION (and Biden/Democrats REFUSE to cut any spending, not that Republicans are much better). To …
by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved …
by Martin Armstrong Judge Terry Doughty favored the people in the Missouri v. Biden case. The 5th Circuit Court of Appeals will hear the case in the near future, but the ruling stands. This is pending an appeal because the current …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23037.html The FDIC observed that some insured depository institutions (IDIs) are not reporting estimated uninsured deposits in accordance with the instructions to the Consolidated Reports of Condition and Income (Call Report). For example, some institutions incorrectly reduced …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer …
The US government interest payments on the Federal debt are now higher than the annual defense spending. This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon …
The first openly transgender lawmaker in the US is facing federal charges in connection with sexual exploitation at a Tyngsborough, Massachusetts daycare center. A teacher at the daycare who assisted the lawmaker in obtaining sexual pictures of the children has …
People assume the Federal Reserve will cuts rates well before a market crash like they've done for the past 40 years However, during the last major inflationary cycle of the 1960s & 70s the Federal Reserve was slow to act, …
Ht @RealEJAntoni And the longer that rates stay at this level, more and more debt matures and gets refinanced at these higher rates. So the debt interest expense is going to keep going higher. 🔥 pic.twitter.com/WDEUlt9EFd — Wall Street Mav …
by Dismal-Jellyfish Bank of America (PDF) Bank of New York Mellon Corp (PDF) Citigroup (PDF) Credit Suisse (PDF)***** Goldman Sachs (PDF) JPMorgan Chase (PDF) Morgan Stanley (PDF) State Street Corp (PDF) Wells Fargo & Co (PDF) ***** Credit Suisse submitted …
BREAKING: FBI Director Wray confirms that Joe Biden is under federal investigation for Ukrainian bribes. 😱 pic.twitter.com/SZwpwTEMXL — Ryan Fournier (@RyanAFournier) July 12, 2023 🚨BREAKING: FBI Director Wray confirms Joe Biden is under criminal investigation for Ukrainian bribes by the …
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally …
HUGE: Capitol Police Chief told Tucker that J6 crowd was loaded w/federal agents Fox fired Tucker before he could air the interview The Biden regime doesn’t want the country to know the truth about J6 It was a highly coordinated …
Large Banks Experience Record $921B Deposit Drain in 40 Years, Outpacing Small Banks’ Decline Data from the Federal Reserve reveals that large banks in the U.S. are experiencing the fastest decline in deposits in four decades. Since April 2022, deposits …
by Dismal-Jellyfish TLDRS: FedACH, operated by the Federal Reserve, is the primary Automated Clearing House (ACH) service provider in the United States. ACH transactions include direct deposits of payroll, Social Security and other government benefits, tax refunds, and many other …
The Ninth Circuit Court of Appeals ruled on Monday that a law banning the recording of persons who do not explicitly consent to their voices being captured is unconstitutional, as it violates the First Amendment. James O’Keefe of O’Keefe Media …
The Federal Reserve has announced that 57 companies have completed the formal testing and certification process for FedNow, clearing them to begin using the new instant payment system once it launches later in July. https://www.kitco.com/news/2023-07-03/Federal-Reserve-reveals-the-57-companies-cleared-to-use-FedNow.html full list of participants https://www.frbservices.org/financial-services/fednow/organizations-certified …
by Chris Black It happened again. This repulsive monster is a veteran FBI agent living in Queens, New York. He is being charged with possessing and sharing 700 files depicting toddlers and ba… Continue reading by subscribing. Username Password Remember …