32 Tons! Corporate Bankruptcies Reach Highest Level Since 2010, Bank Term Funding Program At $102 BILLION (Total Debt & Unfunded Liabitilies = $224.5 TRILLION)

by confoundedinterest17 The US has passed the 32 trillion mark in national debt, and is going much, much higher. More like 32 tons on the back of taxpayers. When we add unfunded liabilities like Social Security, Medicare and Medicaid, the tab soars to $224.5 TRILLION. New data show that a growing number of U.S. firms are collapsing …

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Sliding Commercial and Industrial Loans and the Bank Term Funding Program: How the Fed’s Two-Tiered System is Distorting Idiosyncratic Risk in the Market and Setting Us on a Risky Path Towards Moral Hazard.

by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about tonight is something new–Commercial and Industrial Loans, All Commercial Banks. What are Commercial and Industrial Loans? Commercial and Industrial …

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Governments Can Program CBDC to Restrict Undesirable Purchases: WEF ‘Summer Davos’ in China

Having the government control or restrict your purchases is a living hell. via sociable.co: Governments can program Central Bank Digital Currencies (CBDCs) with expiry dates and to restrict “undesirable” purchases, according to a discussion at the World Economic Forum (WEF) “Summer Davos” meeting in China. Today at the WEF’s 14th Annual Meeting of the New Champions, aka “Summer …

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Borrowing from the Bank Term Funding Program hit a new all time high this week at $102.735 billion!

Bank Term Funding Program (BTFP): https://fred.stlouisfed.org/series/H41RESPPALDKNWW Tool Bank Term Funding Program (BTFP) Up from 3/15, 1st week of program ($ billion) 3/15 $11.943 billion $0 billion 3/22 $53.669 billion $41.723 billion 3/29 $64.403 billion $52.460 billion 3/31 $64.595 billion $52.652 billion 4/5 $79.021 billion $67.258 billion 4/12 $71.837 billion $59.894 billion 4/19 $73.982 billion $62.039 …

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