Deep Economic Suffering Has Erupted All Over America...
• by Michael SnyderDeep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?
ON AIR NOW
Click to Play
Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?
Peter Schiff joins guest host Mike Adams on The Alex Jones Show to break down how bailouts and flooding the economy with fiat currency will fail.
Over the last month, the Federal Reserve, and the Government, have unleashed a torrent of liquidity into the U.S. markets to offset a credit crisis of historic proportions. Here is a list of programs already implemented which have already surpassed a
As the threat of COVID-19 keeps millions of Americans locked down at home, businesses and financial markets are suffering.
Now that the Fed has effectively nationalized the bond market (don't worry, stocks are next, it's just a matter of time) which all the way down through junk bond issues and CLO tranches will no longer reflect the underlying fundamentals but merely wh
Back on March 23, when the Fed unveiled it would start buying investment grade corporate bonds, we said "now that the Fed is effectively all in, it will buy stocks and junk bonds next."
The biggest bubble that the Fed ever created has burst. We're now seeing the answer to the question: "What happens if everyone needs a bailout at the same time?" The Fed creating trillions of new dollars out-of-thin-air will only make everything much
As we noted earlier, The Fed's actions this morning mean "free markets are dead."
With millions of Americans sitting at home working on their laptops, the passive viewership of cable news channels like CNBC must be waaaay up this month, as finance nerds welcome normies to the strange and often hilarious world of live markets news.
The Federal Reserve is not leaving any corner of the U.S. bond market behind in this crisis.
In our report from last night that JPM has halted all non-government guaranteed small business loans on what we surmised was fears of a default tsunami set to hit America's companies, we asked "just how bad is it going to get" and implicitly, if not
Back on March 23, when the Fed unveiled it would start buying investment grade corporate bonds, we said "now that the Fed is effectively all in, it will buy stocks and junk bonds next."
Update (1030ET): Asked to say a word to everyone who is suffering, Powell said he would never dare to play down the impact that this outbreak has had on regular Americans.
We got the answer this morning when the Federal Reserve announced its latest series of sweeping, unprecedented action to backstop the credit pillars supporting the entire economy and provide as much as $2.3 trillion in additional loans during the cor
Starting a week of historic central bank interventions, at the 15th March weekend meeting, the Fed threw the proverbial kitchen sink at the market, taking aggressive measures (slashing rates by 100bps to 0.25%; committed to at least USD 700bln of QE;
In a first, small step toward reopening the country, the Trump administration could relax coronavirus guidelines as early as Wednesday to make it easier for Americans who have been exposed but have no symptoms to return to work, particularly those in
Having increased its balance sheet by the most ever, directly monetizing Treasury issuance, unleashing unlimited swap lines, and started buying everything from bond ETFs to personal loan paper, and promised implicitly to do the now-proverbial 'whatev
John Titus of Best Evidence joins us to discuss Season 2 of his "Mafiacracy Now" video series, an exploration of the crimes of the banksters and their multi-trillion dollar heist that is being perpetrated during the current crisis.
Roughly a month ago on the afternoon of Sunday, March 8th, Fed Chairman Powell had an emergency staff meeting.
Last month's 3Y auction, which tailed by 2.7bps or the most in at least 4 years, was ugly as a result of the total chaos that hit the market in the second week of March as both the oil price war and the corona pandemic hit at the same time, and led t
Luke and John Sneisen dive straight into the day's economic news, and today the biggest story is about former Federal Reserve Chair Ben Bernanke.
Is President Donald Trump the new Fed chair? Today, Tim Picciott and guest Chris Karabats discuss the news that many are heralding as the end of the federal reserve as we know it.
Having put put America straight on what we are facing and the consequences of these unelected and unaccountable officials terrifying experiments, Grant's Interest Rate Observer editor Jim Grant is back with another warning that irresponsible policy f
The Federal Reserve is trying to call time on a fire sale of Treasuries by foreign governments and central banks.
Over the last few weeks, the Federal Reserve has been in utter desperation mode to try to revive and keep the American economy on life support.
Economy
Austrians and Libertarians are well-established critics of central banking in general, and emergency monetary stimulus in particular.
The Federal Reserve is acting as central banker to the world by seeking to provide the global financial system with the dollar liquidity it needs to avoid seizing up.
Another day, another trillion dollars.
Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on March 23 pledged to use "its full range of authorities to provide powerful support for the flow of credit to American families and busin