Fed's Core Mission Now Includes Climate Change
• https://www.lewrockwell.com, By Michael ShedlockThe Fed, ECB, Bank of England, and Bank of Japan have now embraced climate change as part of their mission.
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The Fed, ECB, Bank of England, and Bank of Japan have now embraced climate change as part of their mission.
International Man: It's that time of the year when a bunch of out-of-touch, self-anointed elites gather at the World Economic Forum in Davos, Switzerland.
Back in late December, when the market was melting up every single day with zero regard for economic data or newsflow, we pointed out something ominous: the world's most liquid stock market, the S&P500, was now as (il)liquid as it was during the 2008
The World Economic Forum (WEF), along with some of the world's major central banks, created a central bank digital currency (CBDG) policymaker toolkit to guide authorities through the design (and control) over digital currency. The world's banks
Explore what's moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.
Credit-card lenders are calling it the 'Golden Age of Plastic'. But that's mostly because they're the ones hoarding all the gold.
There were a reported 119 billionaires attending the Davos confab this year – plus the Donald, who took a day off from Impeachment to address this august gathering of the world's movers and shakers.
The World Economic Forum (WEF) -- together with some of the world's major central banks -- has created a central bank digital currency (CBDC) policymaker toolkit.
It might sound like a risky strategy at a time when millions of Americans are drowning in debt: keep raising the limit on people's credit cards, even if they don't ask.
There are a reported 119 billionaires attending the Davos confab this year – plus (allegedly) the Donald, who took a day off from Impeachment to address this august gathering of the world's movers and shakers.
Mimicking the concept of a Black Swan event, the Bank for International Settlements (BIS) is warning that a 'Green Swan' climate event could trigger a financial crisis.
TN has documented the headlong rush of Central Banks toward digital/blockchain currency in order to replace physical currencies. This will be the new financial system for Sustainable Development, aka Technocracy. ? TN Editor
The World Economic Forum (WEF) - together with some of the world's major central banks - has created a central bank digital currency (CBDC) policymaker toolkit.
Having kept rates unchanged and done nothing to signal a slowdown in money-printing malarkey, most investors eyes and ears will be glued to ECB President Lagarde's 'strategic review' and how her new-found focus on virtue-signaling climate change mana
Nearly four years after Wells Fargo's reputation was terminally crushed by the humiliating fake accounts scandal, the punishment for Warren Buffett's favorite bank and its (mostly former) employees is still being doled out, and moments ago the Office
Before picking up cash from a downtown bank in Lebanon's capital, Mey Al Sayegh mentally braces herself for what would have been a routine trip before the country's crippling cash crunch.
Here we go again. The mortgage lending industry seeks to eliminate debt-to-income rules for home buyers.
IMF Slashes Global GDP Forecast For 6th Consecutive Time, Warns "Climate Change" Will Hit Economy
As the market is levitated by central bank liquidity to record high after record high despite stagnant fundamentals, one asset manager is quantifying the mass hypnosis and warns investors are in "grave danger."
The global economy is heading towards a "liquidity trap" that could undermine central banks' efforts to avoid a future recession according to Mark Carney, governor of the Bank of England.
In emulating the American economic raison d'etre, China has attempted to develop its unique capitalist model while ignoring that it too will soon suffer the same fate for the same reason: Unsustainable debt.
Indonesia has assembled a star-studded team to oversee the construction of its new capital city on the island of Borneo - a move that's intended to alleviate some of the pressure on rapidly-sinking Jakarta.
We've all seen zombie movies where the good guys shoot the zombies but the zombies just keep coming because... they're zombies!
The Fed has increased its balance sheet over 500% in the past decade; The Bank of Japan is printing money to buy bonds and stock ETFs; and The European Central Bank is mired in insane negative interests. And, according to legendary investor Jim Roger
Throughout 2019 I posted numerous articles on the subject of central bank digital currency (CBDC's) and how simultaneous reforms of payment systems throughout the world are being undertaken in preparation for the full digitisation of money.
The world's top central bank officials are rightly concerned that politicians in rich economies missed one key lesson of the last recession: Interest rate cuts can help to moderate a downturn, but aggressive fiscal policy is key to a healthy recovery
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The year 2019 should be remembered as the year of repo. In finance, what happened in September was the most memorable occurrence of the last few years. Rate cuts were a strong contender, the first in over a decade, as was overseas turmoil
One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance.
Virginia is going to enact its gun confiscation beginning on January 8, 2020. This promises to be a watershed event with many violent spin-offs.