A hub for independent voices and hard truths
On top of printing $4 trillion, the Fed lowered rates to 0% overnight in March 2020. Now, we have the fastest rate hike campaign in history. It’s unclear if zero interest rate policy was a net positive. Follow us @KobeissiLetter …
Here comes the pain. The parasite party is over. Afwerki said the quiet part out loud with Putin and Lavrov at the table at the Russia-Africa Summit in St. Petersberg last week. The President of Eritrea calls out the petro-dollar …
The Federal Reserve has just reported the largest year over year rise in history of the velocity of the M2 money supply with a 10.6% increase from one year ago. Photo credit: (FRED) The Velocity of Money is defined by …
via Mike Shedlock: BLS charts show interesting trends in real (inflation-adjusted) weekly earnings. Men are getting clobbered relative to women, but everyone is losing lately. Median real earnings from the BLS, inflation adjusted to the 1982-1984 CPI Index, chart by …
via Mike Shedlock: The Fed pays interest to banks on all reserves, largely crammed down banks’ throats via past QE. How much free money is that? Free money to banks based on reserves, reverse repos, and current interest rate paid …
Is the US next? ‼️ COLOMBIA – The son of the President of Colombia and his wife were arrested for embezzlement and money laundering, yesterday in Bogotá the day before. pic.twitter.com/6cBo2fnjsE — {Matt} $XRPatriot (@matttttt187) July 31, 2023
Jesse Watters contends that those who deny the evidence of Joe Biden's involvement in Hunter's unregistered foreign lobbying, money laundering, and influence peddling scheme are intentionally avoiding reviewing the laptop, listening to whistleblowers, reading the FBI informant… pic.twitter.com/Ajc76ALhoh — KanekoaTheGreat …
“BREAKING Rep. James Comer says six banks, including JP Morgan, Bank of America, and Wells Fargo, submitted over 170 suspicious activity reports to the Treasury Department regarding the Biden family, alleging their involvement in money laundering, human trafficking, and tax fraud. …
via creditnews: As interest rates bite and fears rise over an impending credit crunch, bank lending shows the first signs of contraction, according to new research from UBS. The data include all types of lending to individuals except for mortgages …
by Dismal-Jellyfish https://www.finra.org/rules-guidance/key-topics/margin-accounts/margin-statistics Source: https://www.finra.org/sites/default/files/2021-03/margin-statistics.xlsx Wut mean?: According to FINRA Rule 4521(d), FINRA member firms with customer margin accounts must report by the last business day of each month: Total debit balances in securities margin accounts. Total free credit balances …
OOPS! #Eurozone M2 money growth turned NEGATIVE for the first time in Eurozone history, in a promising sign for #inflation. M2 growth revised to -0.1% in May from initially +0.3%, and falls deeper into negative territory in June to …
CA skipped meters. Electric rates are based on income. Did you ever think a utility company would be forced to base utility costs on income? https://t.co/jj6j9Egucn pic.twitter.com/eEmH9rEQn3 — PDD (@DeGirlDeBoy) July 26, 2023 Related: THEY WANT US TO FREEZE …
by theSilverVigilante I didn’t even think they reported this anymore. Us M1 money stock. This is crazy. When covid hit the value was at Five Point something and it got crushed all the way down to one and currently sits …
Anyone remember LTCM? We're facing 100 LTCMs at the same time. BOJ policy divergence from the rest of the world is a disaster waiting to happen. It doesn't matter whether they "tweak" policy next week. In global RISK OFF, the …
High interest rates continue to cause rapid inflows to money market funds from bank deposits This should put pressure on banks causing them to maintain tight lending standards pic.twitter.com/wzZaFSQKjW — Bravos Research (@bravosresearch) July 19, 2023 Beware: Falling inflation is …
via breitbart: The Biden family opened more than 20 shell companies to hide payments and launder money, House Oversight Committee Chair James Comer (R-KY) said Sunday. After reviewing Suspicious Activity Reports (SARs) at the Treasury and subpoenaing banks and individuals, …
For CMBS, it’s 2007 Right now is the bargaining stage for CRE—assets quietly being liquidated to meet redemptions, balance sheets tidying up, the industry stoically battening the hatches All trying not to panic Dry powder? Yes But there’s a storm …
by confoundedinterest17 What screams may come! Actually, the aftermath of excessive monetary policies under Bernanke, Yellen and Powell are coming home to bit the big banks. Interest expenses at big US banks are rising much more quickly than interest income. …
So many think 2% inflation is fine. Here's what I'd love everyone to understand… In a 40 year working life:2% inflation destroys 55% of the value of your money.4% is 79% loss6% is 90% destruction THEFT! — Gary Brode (@Gary_Brode) …
Guest Post by Joseph P. Farrell via gizadeathstar.com We must, before doing or saying anything else in this blog, firstly thank W.G. for spotting and sharing these stories. The reason why is rather simple: because thus far the revolt of …
‘Clients are taking £20,000 off the asking price’: How the house price slump is causing misery for sellers Homeowners are having to knock as much as £20,000 off their asking price in an effort to find a buyer, housing insiders …
by Little Lost Biden & Exec. Order 14067 Soon your cash will be confiscated for will become worthless paper. The cash you have will be replaced by programmable digital tokens. Few outside the deep state recognize this move for what …
by confoundedinterest17 Cry for Argentina! The people, not their government or Central Bank. Argentina has similar problems to the US in terms of the Covid outbreak in 2020. Their Central Bank went wild (as did The Federal Reserve) in terms of …
by confoundedinterest17 Bidenomics is based on massive Federal spending and massive Fed monetary stimulus. But like all stimulus, it wears off. Such is the case with bank lending as The Fed raises interest rates. US bank credit year-over-year (YoY) has …
Poor baby. I paid my student loans, you pay yours. I’m not inclined to pay mine and then pay your too. h/t Mitchisboss
by confoundedinterest17 Sweet Home Chicago? The Chicago Business barometer printed at 41.5, still in contraction as M2 Money growth evaporates. living la vida Biden! Meanwhile, the US Treasury 10Y-2Y yield curve remains inverted at -105 basis points.
https://www.youtube.com/watch?v=DhExI40n2_8 We’re already in the midst of a historic housing market crash that is shaping up to become the biggest since at least the 1940s. This downturn is going to affect all of us and have far-reaching repercussions for the …
I rarely mention the official debt (or the $200T real debt) because we owe it to ourselves, and have a printing press, or something, but I always want to know: 𝐖𝐡𝐞𝐫𝐞'𝐬 𝙤𝙪𝙧 𝐇𝐨𝐨𝐯𝐞𝐫 𝐃𝐚𝐦? What'd we get for this besides …
“ICYMI: New lawsuit expected to soon produce evidence that 60% of illegal election funding flowing into Democratic Party funding group @actblue is secretly from China. From OMG Media – https://twitter.com/Rasmussen_Poll/status/1673658581017669633?s=20” ICYMI: New lawsuit expected to soon produce evidence that 60% …
by confoundedinterest17 It is truly a Fed Inferno! Money supply growth fell again in April from Jerome Powell And The Fed, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. April’s drop …