Submitted by Steve Brown…
“Dear Member of Congress,
By commissioning Wall Street behemoth BlackRock to manage its corporate debt purchase program the Federal Reserve has outsourced bail-outs to a key component of Wall Street’s corruption, where there is no potential for BlackRock to do the right thing.
Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity:
Last week, the Federal Reserve responded to Wall Street’s coronavirus panic with an “emergency” interest rate cut. This emergency cut failed to revive the stock market, leading to predictions that the Fed will again cut rates later this month.
When the World Health Organization announced on February 24th that it was time to prepare for a global pandemic, the stock market plummeted. Over the following week, the Dow Jones Industrial Average dropped by more than 3,500 points or over 10%. In an attempt to contain the damage, on March 3rd the Federal Reserve slashed […]
Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central bank’s lending window is open only to licensed depository banks; but the Fed is now […]
Submitted by Steve Brown…
Today, ‘money’ is a guarantee to honor government debt, where the currency in our pockets represents tax claims as well as debt purchased by the Federal Reserve and others (1) from the US Treasury, so that the Federal Reserve may issue the notes that constitute the cash in your wallet. Just look at the face of any cash note in your wallet, where “Federal Reserve Note” appears at the top.
The world’s first bitcoin zillionaire Libertarian Larry Lorenzo shares his secrets to how to maximize the markets and share the block chains to make two chainz.
US stocks plummet, pulling much of the global indices down with them
Commodity trading also plummeted after Wall Street’s sudden decline this week [Xinhua]
Oil prices have continued into their third day of decline as US stocks plunge at the fastest rate since 2016.
The US benchmark West Texas intermediate dropped 0.76 per cent to $63.66 a barrel for March. Global benchmark Brent Crude fell 0.89 per cent for April to $67.02 a barrel.
Happy New Year to all of you!
In last year’s roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally, average short term rates have remained around zero. That will be a core pattern throughout 2018.
