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The pace at which Americans are losing their jobs is absolutely breathtaking. According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000 during the w
The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show on the road, and policy makers are approaching the tas
The pandemic emergency stimulus package will exceed $6 trillion! That's a $2 trillion in: aid for families, airline bailouts, and a $350 billion small business loan program. The remaining $4 trillion will allow the federal reserve to bailout whoeve
And as you will see below, corporate insiders also sold off billions of dollars worth of shares in their own companies just before the stock market imploded.
In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank di
Re: CV UBI Stimulus Bill. The new law, which requires small employers -- those with fewer than 500 employees -- to provide limited paid-leave benefits to employees who are affected by the viral emergency.
Congress needs to make sure that we won't be left financially ruined for doing our part to keep the country healthy.
In this flashback from two years ago, Ron Paul points out how The Federal Reserve had once again created an artificial and unsustainable economic bubble. Central planning still doesn't work, and the sooner we move to sound money the better.
America's Printing Press...
With the global airline industry crashed, US airlines are seeking upwards of $50 billion in government aid, according to The Wall Street Journal sources.
Just hours after S&P took the machete to Exxon's long standing AA+ credit rating, moments ago the rating agency went after the company which until just a few weeks ago seems invincible, and whose stock price has crashed from $350 to $130 in a little
A plan to give each adult American $1,000 is picking up steam in Congress after Sen. Mitt Romney (R-UT) supported the idea on Monday, along with Sen. Tom Cotton who says he's working on legislation that would include cash stipends.
despite the unprecedented large Fed UST purchases the Fed isn't done, because as Cabana points out, not all highly leveraged UST trades have been unwound which is reflected by the fact that:
For millions of Americans, especially those on the cusp of retirement, this selloff has been a nightmare, but for humble Omaha billionaire Warren Buffett, it is undoubtedly a dream come true.
For millions of Americans, especially those on the cusp of retirement, this selloff has been a nightmare, but for humble Omaha billionaire Warren Buffett, it is undoubtedly a dream come true.
The need for the Fed to shove billions into the repo market to keep that market's interest rate near the Fed's target shows the Fed is losing its power to control the price of money.
Since September 17, the Federal Reserve Bank of New York has pumped billions of dollars into the repurchasing (repo) market, the first such intervention since 2009. The Fed has announced that it will continue to inject as much as 75 billion dollars a
Apparently, President Trump's hint that the Department of Agriculture might authorize another tranche of bailout funds for America's farmers wasn't enough to quell their anger
Now that Beijing has cancelled the round of ag purchases promised by President Xi in Osaka, President Trump appears to be promising yet another farmer bailout (what would be the third under his administration) next year, if necessary.
increases for overpaid teachers … GET OUT while you still have your wallet... (Natural News) A month ago, Chicago Mayor Lori Lightfoot insisted that the city's pension funds were facing bankruptcy and demanded an urgent multi-billion-dollar bai
Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankr
The Fed's increasing reliance on the asset price channel of the monetary transmission mechanism over the past decade has been to "jack up" or inflate assets, hoping the "wealth effect" stimulates aggregate demand. Household net worth is n
People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, the world's central banks have printed around $12-30 trillion worth of promissory notes, and more
The Fed upped the interest it pays on excess reserves to 1.95% today. This is free money (taxpayer funded) to banks.
Bitcoin was created to bring back people's control over their own hard-earned money. Perhaps no greater example exists of how we don't currently have real influence over how our capital is being spent than banks getting bailouts from the governme
Let's put this figure in perspective: at $5 billion per year, Musk would make more than every single CEO in the S&P 500. COMBINED. In other words, if you add up the salaries of all the CEOs of the 500 largest companies in America, it would still
Donald Trump caused a stir this week by suggesting that Puerto Rico's massive $73 billion public debt should be "wiped out." Puerto Rico narrowly avoided default with an interest payment this summer but the debt is a huge long-term problem for
Beware of what may be coming next. We already know the establishment has a plan to blame President Trump for the next financial crisis, and now there are moves being made that will support that narrative.
"Deutsche Bank is also a major source of systemic risk in the global financial system. The net contribution to global systemic risk is captured by the difference between the outward spillover to the system from the bank and the inward spillover to
An internal IMF investigation found that Managing Director Christine Lagarde mishandled the Greek crisis, making sure the banks were bailed out and the Greeks given austerity. She faces a slap on the wrist if found guilty.
