Federal Reserve

He says what I didn’t! Good impassioned analysis of the subject —

COVID Dollars from Fiscal Times

On June 2, 2020, Jan Dehn of Ashmore Investment Management Limited remarked:

If central banks were to allow asset prices to reflect the actual underlying fundamentals – record levels of debt, record low productivity growth, record unemployment, record populism – the resulting crashes in financial markets would be so large that most Western economies would be plunged into deep and lasting depressions.1

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.

Imagine, you are living in a world that you are told is a democracy – and you may even believe it – but, in fact, your life and fate is in the hands of a few ultra-rich, ultra-powerful and ultra-inhuman oligarchs. They may be called Deep State, Illuminati, or simply the Beast, or anything else obscure or untraceable, it doesn’t matter. They are less than the 0.0001%.

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a […]

David STOCKMAN
International Man: Recently, massive riots have broken out in many cities across the US.
Despite the unrest—and the economic damage from the shutdowns—the stock market continues to rally.
It seems that markets don’t reflect earnings, economic prosperity, or growth. What is going on here?
David Stockman: It’s quite simple. The Fed has unleashed the greatest torrent of liquidity ever, and it’s finding its way into a relentless, massive bid for risk assets.

I am not trying to be cute and play with words.  That title is meant to convey what it says, so let me explain.

Mises Institute, May 19, 2020

Hacksawing the Economy: How Lockdowns Are in the Tradition of Civil War Surgeons

• by James Bovard