The drain is on…

Yes — and how would the Fed have rolled off a chunk of its US Treasury holdings since 2022, if not for the drain of the RRP? And even more importantly, now that the RRP is drained… who or what …

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LA County cut fire budget while spending heavily on…

Woke items: ‘Midnight Stroll Transgender Cafe’ https://www.foxnews.com/politics/la-county-cut-fire-budget-while-spending-heavily-dei-woke-items-midnight-stroll-transgender-cafe First, the LA fire department’s budget actually increased by more than 7% compared to the previous fiscal year: https://www.latimes.com/california/story/2025-01-10/how-much-did-the-l-a-fire-department-really-cut-its-budget Second, LA county has a budget of $49.2 billion for the 2024-2025 fiscal year …

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There’s a bigger theft going on…

But wait there's a bigger theft going on pic.twitter.com/2uKoqGdYw1 — Darth Powell (@VladTheInflator) August 1, 2023 BREAKING: The average entry-level home in the US has hit a record $243,000. — unusual_whales (@unusual_whales) August 1, 2023

Why printer is back on… 2023 is worse than 2008 in terms of deposits held by failed banks.

Total deposits across all banks are much higher now, $17.6t now vs $6.7t in 2008. https://wolfstreet.com/2023/03/16/fed-loaned-160-billion-to-banks-and-142-billion-to-fdic-but-qt-related-roll-off-continued/ In 2008 banks had trouble because they were holding lots of mortgages and MBSs and their value went down a lot, losing them ton …

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