Mnuchin: “I think the concern is that the New York Fed is not supporting the repo market. They ARE the repo market. I think that’s the challenge.”

via wallstreetonparade: When it comes to Wall Street’s mindset, the thinking is that it’s legal if you can get away with it. That mindset seems to have captured the Federal Reserve Bank of New York which secretly pumped trillions of dollars into insolvent banks in violation of its statutory mandate during the financial crisis; is alleged … Read more

A timely reminder from William Cooper: The more divided & confused we are, the more control they gain.

by spagettatog No matter your opinion of Behold a Pale Horse, there are indisputably some powerful truth bombs in that book. This one is as old as civilisation itself. But in the current political and social climate, it is one that is very relevant. Always remember: DIVIDE and CONQUER has always been play no. 1 in … Read more

US Economic FREE FALL Worsens.. Stocks Will Gain… By Gregory Mannarino

TradersChoice.net, Released on 12/19/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

The global slowdown was not driven by the trade war and will not change to strong growth with the trade deal.

The global slowdown was not driven by the trade war and will not change to strong growth with the trade deal. Recent political catalysts like the phase one trade deal and the UK elections are unlikely to be major drivers of global growth trends. pic.twitter.com/8ADLzdFSJ9 — Daniel Lacalle (@dlacalle_IA) December 17, 2019

“Our military would never allow SOCIALISM of any kind in our country”

by thegeebeebee This is telling. @SenSanders has received more contributions from military members than Joe Biden, Pete Buttigieg, and Donald Trump combined. pic.twitter.com/t2KJUfMCGm — Andrew Kimmel (@andrewkimmel) December 19, 2019 Article that this chart came from: https://foreignpolicy.com/2019/11/08/2020-presidential-election-democratic-candidates-national-security-employees-contributions/ I do want to make it clear that Bernie Sanders is a Democratic Socialist, which is quite a difference from … Read more

5 Pentagon officials announcing resignation within 7 days

The Defense Department’s senior adviser for international cooperation earlier this week left the Pentagon, marking the fifth top official in seven days to leave or announce their departure. Ambassador Tina Kaidanow, a longtime State Department official who began working in her Pentagon role in September 2018, resigned on Dec. 16, the Pentagon confirmed. Defense News first reported … Read more

The Stock Market Has Become A Private Club For The Elite

by Lance Roberts A recent Peter G Peterson Foundation poll, as reported by the Financial Times, revealed a statistic that we have suspected for quite some time. To wit: “Nearly two-thirds of Americans say this year’s record-setting Wall Street rally has had little or no impact on their personal finances, calling into question whether one of … Read more

Democracy dies in darkness: WaPo reporter celebrates “Merry Impeachmas”

by DCG A tweet last night from WaPo reporter Rachael Blade, which magically disappeared within an hour. Rachael then tried to cover her butt by tweeting this BALONEY: “I’m deleting a tweeting tonight that is being misinterpreted by some as an endorsement of some kind. To be absolutely clear, we at the Post are merely glad we are getting a break … Read more

Severe Clashes between Pakistan Army and Indian Army still going on in Multiple sectors of Neelum Valley. Intense CAPs Activity at Several Locations

Severe Clashes between Pakistan Army and Indian Army still going on in Multiple sectors of Neelum Valley. Intense CAPs Activity at Several Locations including LoC. #LoC #Kashmir #PAF #PakistanArmy Severe Clashes between Pakistan Army and Indian Army still going on in Multiple sectors of Neelum Valley. Intense CAPs Activity at Several Locations including LoC.#LoC #Kashmir … Read more

The Worst Global Depression Is Nigh

by Egon von Greyerz Since the Great Financial Crisis started in 2006,  global debt has more than doubled from $125 trillion to $260 trillion. The more money that has been printed, the lower interest rates have gone. In 2006 US short term rates were 5% and between 2008 and 2015 they were ZERO. Today they … Read more

Mnuchin on Why Nearly $1.5 Trillion Worth of $100 Bills Disappeared

Almost $1.5 trillion of the world’s cash, with U.S. $100 bills making up a great deal of it, is reportedly unaccounted for. So what happened to the money? “Literally, a lot of these $100 bills are sitting in bank vaults all over the world,” Treasury Secretary Steven Mnuchin told FOX Business’ Lou Dobbs during an interview on Tuesday. Mnuchin pointed to the negative interest rates … Read more