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
-which accounts IRS will sent them to - but paper checks for poorest are WEEKS away
As economic aid from Brussels is debated and delayed, millions of Mediterraneans are already questioning the European project...
Did The 'Generous' CARES Act Just Guarantee High Unemployment Is Here To Stay?
Chicago Mayor Lori Lightfoot issued an executive order April 7 allowing illegal immigrants and refugees in the city, regardless of birth country or current citizenship status, access to relief benefits amid the CCP (Chinese Communist Party) virus pan
-On Top Of Trump's $250B Emergency Virus Aid
For the past six years, and especially in 2015 when Yanis Varoufakis tried to stage a mutiny within the Eurozone and using some truly convoluted "game theory" ended up causing a near collapse of the Greek banking sector and the loss of hundreds of bi
Appearing on CNBC once again Monday morning, Larry Kudlow tried to throw more fuel on Monday's market rally by insisting that the outbreak in the US was finally slowing, while defending the administration by insisting that "no one could have expected
We are at a critical moment in the history of politics and markets. Everyday the U.S. government stares into the fiscal and monetary abyss and chucks trillions in hoping that will be enough to finally fill it.
Such were the expectations for the Navy hospital ship U.S. Naval Ship Comfort that when it chugged into New York Harbor this week, throngs of people, momentarily forgetting the strictures of social distancing, crammed together along Manhattan's wes
Jerry Day explains why the tests for coronavirus are worthless. The tests have been used on dead people to create false death statistics. Day points to the real crisis, which is economic, caused by debt and policies of the banking cartel called the F
The amount of money spent in one year by the U.S. on nuclear weapons could instead provide 300,000 ICU (intensive care unit) beds, 35,000 ventilators and 75,000 doctors' salaries, according to the International Campaign to Abolish Nuclear Weapons (IC
"On general principles of law and reason," Spooner wrote, "debts contracted in the name of 'the United States,' or of 'the people of the United States,' are of no validity."
The Fed was taking extraordinary measures to prop up the economy months before anyone in China showed the first symptoms of coronavirus. Eventually the Federal Reserve-created consumer, business, and government debt bubbles will explode, leading to a
In a veritable treatise on all that was wrong with The Fed's actions, Jim Grant - founder and editor of Grant's Interest Rate Observer - was somehow allowed nine minutes on CNBC's Squawk Box to put America straight on what we are facing and the conse
Last Friday, around the time of the quad-witching collapse which sent the S&P to levels not seen since Trump's inauguration, amid the flurry of headlines bombarding shell-shocked traders, was one that was particularly ominous if bizarrely incomplete.
Should the Fed be increasing debt --
Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment when the financial world broke with reality.
The Senate's $2 Trillion Coronavirus Relief Package is not fiscal stimulus and it's not a lifeline for the tens of millions of working people who have suddenly lost their jobs.
Update (1500ET): President Trump is set to sign the bill at 4PM ET.
In the face of the coronavirus pandemic, everyone should read Robert Higgs' economic classic "Crisis and Leviathan." The critical warning of this masterpiece is that government always uses a crisis - from the Civil War to the Great Depression to Worl
New toilets on the Navy's two newest aircraft carriers clog so frequently that the ships' sewage systems must be cleaned periodically with specialized acids costing about $400,000 a flush, according to a new congressional audit outlining $130 bil
Financing programs to help the U.S. economy pull out of the coronavirus crisis could be worth $4 trillion, Treasury Secretary Steven Mnuchin said Sunday.
--and won't rule out cash bailout to keep it afloat
Many people have likened the battle against coronavirus to a war and invoked imagery of the US fighting World War II. President Trump has even deemed himself a "wartime president."
...at least I hope they do.
The nerve of it is a wonder to behold. The US airline industry has spent a decade shoving itself into harm's way by strip-mining their balance sheets to fund share buybacks and goose top executive stock options.
At this point, the White House has reportedly discussed bailouts for the shale industry, the airlines, cruise lines, Boeing and a non-specific bailout allotment worth hundreds of billions in the second economic relief package.
Even though the US has given Israel over $142 billion in aid and is slated to hand over another $40 billion any day now, Israel has refused to hand over source code they wrote for an Iron Dome missile defense system that was funded by US taxpayers.
Let's talk numbers, shall we?