Wall Street CEOs at today’s Banking hearing claimed that the sky was falling again with incomplete and misleading testimony.

via bettermarkets: Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets issued the following statement in response to the testimony of Wall Street’s CEOs today before the Senate Banking Committee. “Wall Street’s CEOs testified before the Senate Banking Committee today …

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Conor McGregor: “Shame on the Irish government for harboring this. THIS IS YOUR FAULT AND WE HAVE HAD ENOUGH!! Despicable system!

https://twitter.com/_/status/1725841446748467635 Bravo, Ryan Casey! pic.twitter.com/eu92XoTJcw — Conor McGregor (@TheNotoriousMMA) November 18, 2023 Text from image: “It just sickens me to the core that someone can come to this country, be fully supported in terms of social housing, social welfare, and …

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Banking System Teeters on Unsustainable Yield Curve Inversion Amidst Risk of Massive Cash Withdrawals

by demonbeanie The banking system is facilitated by uncollateralized debt; fractional reserve banking, which had seen the reduction of the reserve requirements to 0% in 2020. https://www.federalreserve.gov/monetarypolicy/reservereq.htm On your bank’s balance sheet, there are assets labeled “cash on hand,” which includes …

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Quick Look at the Financial System

by Chris Black In its latest quarterly Treasury Marketable Borrowing Estimates report (https://home.treasury.gov/news/press-releases/jy1851), released yesterday, the Treasury announced its current es… Continue reading by subscribing. Username Password Remember Me     Forgot Password

The financial system is flashing warning signs

The International Monetary Fund (IMF) issues a warning, with Managing Director Kristalina Georgieva urging the world to prepare for higher interest rates due to persistent high inflation. The current scenario of surging U.S. bond yields, mirroring periods from the early …

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