money

The Treasury, financed by the Fed, now is buying securities and backstopping loans, essentially nationalizing large swaths of the financial markets. The Fed announced $1-trillion a day in repurchase agreements (repo loans) and unlimited quantitative easing.

Our weekly documentary film, curated by the editorial team at 21WIRE.

Approximately one-third of the entire population of the globe now is under some sort of a lockdown order. A few are able to work at home, but the vast majority are forcibly unemployed. Many small businesses will not survive the folly of their leaders, and the number of homeless will drastically rise.

National Economic Council Director Larry Kudlow announced the total coronavirus relief package will come to around $6-trillion, with $2-trillion in "direct assistance" to Main Street and "roughly $4-trillion in Federal Reserve lending power" for Wall Street.

Federal Reserve Chairman Jerome Powell cut interest rates to zero, launched unlimited quantitative easing (money creation), has committed to buy $1-trillion in Treasury Bonds and mortgage-backed securities, and municipal bonds. All this adds up to a death warrant for the American economy.

India's economy has come to a screeching halt as residents in 75 districts across the country, including in major cities, such as the capital New Delhi, Mumbai, and Bangalore have been forced into mandatory quarantine by the government until March 31.

The $2-trillion Coronavirus Bill is 1,400 pages that the Democrats crammed with unrelated political agendas that include identity politics, global warming, automatic renewal of visas and work permits for immigrants, voting by mail, same-day voter registration, and granting $9.5 billion to colleges and universities.

Despite the boost, stock market futures on Sunday night hit "limit down" levels of 5% or lower, with Dow Jones average futures down by more than 1,000 points.

Since the Federal Reserve began its repo-loan operations on September 17, the tally of the Fed’s cumulative low-interest-rate loans to Wall Street’s trading firms comes to more than $9-trillion.

Trump announced $50 billion in federal funds will be used to combat coronavirus, there is a total freeze on interest for $1.5 trillion in student loans, most visits to nursing homes will be suspended, and more.