Why Aren’t Big Banks Paying Higher Interest Rates on Deposits though Rates Have Surged?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Well, they do pay higher rates, but not to their own clients. Interest rates from the very short-term through two-year maturities have surged since the Fed got serious about raising rates. In terms of the Treasury market, for example, the three-month yield is now at 1.76% and the two year yield … Read more

The US Is Still Attacking Russia

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by Chris I would only like to point out here that the west’s attacks against Russia are continuing even as I type this.  The kinetic strikes were a real flop, proving only that the west could be mendacious and petty as they really only proved that their signatures on convention documents are utterly worthless. Russia … Read more

America is Disneyland

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via Chris Kanthan Disneyland is the Happiest Place on Earth! Millions of families visit the theme park every year to enjoy the magical place of rides, spectacular shows and cheerful cartoon figures. Everything is clean, perfect and joyful. Unless … you realize that Cinderella might actually be homeless. That’s right, 10% of Disneyland’s employees are actually … Read more

This won’t be a New York Times front page story today…

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This won’t be a New York Times front page story today: Syria’s three major churches condemn the US-British-French airstrikes against the Syrian state, declaring that Assad protects Syria’s Christian minority and noting that this aggression will only encourage jihadist groups. https://twitter.com/sahouraxo/status/985690713697419265 It does seem that the covert aim of regime change, which some have suggested … Read more

MASS CASUALTY INCIDENT: Several inmates killed, more than dozen injured in fights at dangerous South Carolina prison, official says

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No guns were involved in the incident. Chill out people! Watch the latest video at foxnews.com   Multiple fights at one of South Carolina’s most dangerous prisons left at least seven inmates dead and 17 others injured, a prison official said Monday. Lee Correctional Institution was secured at around 2:55 a.m., nearly eight hours after … Read more

THIS Company Has $60 Trillion In Derivatives and Near Collapse! ECB Sends Warning!

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Who will bail out Deutsche Bank? Derivatives are a funny subject because the average person doesn’t understand them. The average person in the financial industry doesn’t understand them. Only the people who created them actually understand them. When a company is able to create $80 trillion in derivatives out of thin air essentially, you know … Read more

Only Economic Collapse Will Bring Down the American Empire

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by Antonius Aquinas The Bomber-in-Chief announces air attacks on Syria Despite the vehement pleas and letter-writing campaigns by a significant portion of his political base including notable media personalities such as Tucker Carlson against military action in Syria, President Trump committed what looks like political suicide by ordering air strikes on Friday evening.  The bombing, thankfully, … Read more

Steve Keen gives update on UK/EU economies

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RT, Released on 4/13/18 Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics … Read more

SYRIA-BOMBER MACRON NOW WANTS TO PLAY HONEST BROKER IN A ‘POLITICAL SOLUTION’

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by John Ward French President Emmanuel Macron spent yesterday reconfiguring the meaning of words like ‘war’, ‘retaliation’, ‘Syrian People’, ‘political solution’, ‘even-handed’, ‘proof’, ‘stalemate’, ‘international legitimacy’ and ‘peaceful diplomacy’. As a fully paid-up MIC creation, he is Our Macron – A Mannie for All Seasons…..but woefully deficient in reasons. _____________________________________________________________________ A great 20th century truism was, … Read more