Never Go Full Weimar: America’s Monetary Base Has Grown 6 Times Larger Since 2008
Activist Post, Michael Snyder: A lot of people have been waiting for a meltdown of America’s financial system, but the truth is that it is already in the process of melting down. As you will see below, the size of the monetary base in the United States has gotten more than six times larger since 2008. If we continue down this road, it won’t be too long before we start looking like Germany dur…
“It’s All Over”: Powell’s WSJ Mouthpiece And JPMorgan Confirm Imminent End Of QT
Zero Hedge: On December 13 the financial world was stunned when, just two weeks after Jerome Powell had said it was “premature” to speculate on rate cuts, the Federal Reserve did a shocking U-turn and pivoted dovishly, ending the Fed’s hiking cycle with inflation still running at double the Fed’s target of 2%, and said that it had in fact discussed the start of rate cuts, contrary to what Powel…
THE NEW BANK BAILOUT
MISES INSTITUTE: Taxpayers are bailing out Federal Reserve member banks—institutions that own the stock of the Fed’s 12 district banks—and hardly anyone has noticed. For more than 100 years, our central-banking system has made a profit and reliably remitted funds to the U.S. Treasury. Those days are gone. Sharp rate hikes have made the interest the Fed pays on its deposits and borrowing much hi…
China, Brazil strike deal to ditch dollar for trade
The Straight Times: China and Brazil have reached a deal to trade in their own currencies, ditching the United States dollar as an intermediary, the Brazilian government said on Wednesday.
The deal, Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and …
JPMorgan Says Fed’s Loans Will Provide $2 Trillion of Liquidity To Banks
Yahoo News (Bloomberg): The Federal Reserve’s emergency loan program may inject as much as $2 trillion of funds into the US banking system and ease the liquidity crunch, according to JPMorgan Chase & Co.
“The usage of the Fed’s Bank Term Funding Program is likely to be big,” strategists led by Nikolaos Panigirtzoglou in London wrote in a client note Wednesday. While the largest banks are …
Who Lost the Senate? Everyone.
Front Page Mag: The circular firing squad is in session and a red wave, which had a thousand aspiring proud papas, is instead an orphan.
Everyone is blaming everyone else. As they should.
The midterms showed that we learned little from 2020. Few Republicans, outside Florida and Georgia, were ready for the systematic corruption of elections by the tide of Democrat ballots backed by massive voter…
Tax Cuts Do Not Cause Inflation. Printing Does…
Zero Hedge, Daniel Lacalle: The narrative to attack any tax cut and defend any increase in government size is reaching feverish levels. However, we must continue to remind citizens that constantly bloating government spending and increasing the size of monetary interventions are some of the causes of the widespread impoverishment of the middle class. Constantly increasing taxes and diminishing …
CBDCs, SDRs, & The Re-Monetization Of Gold… Here’s What Happens Next
Zero Hedge: The current monetary system is on its way out.
Even the central bankers running the system can see that.
That’s why they are preparing for what comes next as they attempt to “reset” the system.
It’s important to emphasize that nobody knows what the next international monetary system will look like—not even the elites.
However, they know what they want it to look like and are workin…
Global reset: 90% of central banks push for digital currency that governments can control
Natural News: If you’ve been paying any attention at all to the stock market over the past several days, you are aware that stocks have been rapidly declining.
Individual retirement accounts have lost hundreds of billions of dollars, if not more, in the blink of an eye as the Biden economy continues to tank and take Americans’ financial security with it. Without any doubt, Joe Biden has turned…
Does the Russian invasion of Ukraine signal the end of the American empire?
New Statesman: If the US is to halt a war of genocide, it must learn to wield power in a world it can no longer bend to its will.
We now live in the middle of a great recession. American power is everywhere retreating, leaving behind vacuums that others strive to fill. The return of the Taliban in Afghanistan is the best symbol of the great recession, which started with the wars in Afghanistan …
When this war is over, money will never be the same again
Assessment: Zoltan Pozsar (Credit Suisse) goes on to explain how he came to this conclusion paralleling previous crises. These include but are not limited to events like the Southeast Asian crisis of 1997; subprime, Bear Stearns, and Lehman Brothers in 2008; and secured funding against good collateral to RV hedge funds during 2020.
In all instances a backstop was provided Somebody had to underw…
Who’s Got The Gold?
Zero Hedge: In 1971, the US abruptly went off the gold standard, and in making the public announcement, US President Richard Nixon looked into the television camera and said, “We’re all Keynesians now.”
I was a young man at the time and had previously bought gold, albeit on a very small scale, but I recall looking into the face of this delusional man and thinking, “This is not good.”
However, t…