wall street

With Monday’s 1000 point stock market plunge the internet has been set ablaze with discussion of a new crash looming on the horizon. The fact that such a chain reaction collapse was only kept at bay due to massive liquidity injections by the Federal Reserve’s overnight repo loans should not be ignored. These injections which began in September 2019, have grown to over $100 billion per night… all that to support the largest financial bubble in human history with global derivatives estimated at $1.2 quadrillion (20 times the global GDP!).

A little known specialized bond created in 2017 by the World Bank may hold the answer as to why U.S. and global health authorities have declined to label the global spread of the novel coronavirus a “pandemic.” Those bonds, now often referred to as “pandemic bonds,” were ostensibly intended to transfer the risk of potential pandemics in low-income nations to financial markets.

Robert SCHEER

Source : The Intercept, Malaika Jabali & Ryan Grim, 17-12-2019
Un lotissement à Rio Vista, en Californie, une ville au bord de la faillite après l’effondrement du marché immobilier, le 20 novembre 2008. Photo : Justin Sullivan/Getty Images

With Senator Bernie Sanders surging in the polls, DNC chair Tom Perez has put forward a cartoonishly neoliberal cast of…
The post To rig primary against Bernie, DNC chair Tom Perez nominates regime-change agents, Israel lobbyists, and Wall Street consultants appeared first on The Grayzone.

Former Federal Reserve Chairman Alan Greenspan called Paul Volcker “the most effective chairman in the history of the Federal Reserve.” But while Volcker, who passed away December 8 at age 92, probably did have the greatest historical impact of any Fed chairman, his legacy is, at best, controversial.

Wall Street road sign with the New York Stock Exchange bearing American flags visible in the background. (Photo: Alex Proimos. Source: Wikicommons)
Hossein Askari
The Globe Post

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What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they shot up to over 5% on September 16 and got as high as 10% on September 17. Yet banks were refusing to lend to each other, evidently passing up big profits to hold onto their cash – just as they did in the housing market crash and Great Recession of 2008-09.

While world’s attention is absorbed by tectonic shifts unfolding across the Middle East, and as many Americans are brainwashed to believe the 2020 elections are driven by the need to impeach President Trump, something very ominous has appeared “off of the radar” of most onlookers. This something is a financial collapse of the western banks that threatens to unleash chaos upon the world.