Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury (-26.959 billion as of 2/2/2023)–Let’s talk about the Fed’s cumulative losses.

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by Dismal-Jellyfish Good evening, jellyfish here! I hope everyone is enjoying a wonderful rest of the evening and an awesome start of the weekend. I want to take a minute to discuss a graph I am sure is going to catch some folks attention: https://fred.stlouisfed.org/series/RESPPLLOPNWW For starters, the Fed is playing slight of hand here. … Read more

The World Needs Both “Toxic” Masculinity AND Oil. Period. Full Stop.

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These two key ingredients are what built modern society and allows all the soy boys to tweet about the “oppression of capitalism” on their smart phones. Oil well drilling looks crazy dangerous. Much respect the the guys doing to this. 🫡 🔊 pic.twitter.com/exba8AYlxF — Wall Street Mav (@WallStreetMav) February 3, 2023 Is there a job … Read more

Credit Card Debt Reaching New Heights! Interest on Credit Card Debt in US Alone Is $200B… Amazon Reports Its First Unprofitable Year Since 2014

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Source:CNBC Amazon reports its first unprofitable year since 2014 Amazon lost $2.7 billion last year, the company said on Thursday. This was despite holiday-season sales growing 9%. Amazon’s shares fell in after hours trading. By far, the biggest culprit for Amazon’s losses over the year was the company’s hefty investment in the electric automaker Rivian … Read more

U.S. Senator Mike Lee Threatens Japan’s Prime Minister, Gives February 28, 2023 Deadline

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Let’s face it, @kishida230, you’ve got a really good security arrangement with the United States, and you’ve had the luxury of not having that arrangement discussed or seriously questioned in Congress for a long time. That’s about to change. — Mike Lee (@BasedMikeLee) February 2, 2023 Why would you rock the boat by throwing one … Read more

DTC Settlement Money Market Instrument (MMI) Issuer Failure. Is HSBC Bank having problems?

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by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/2/3/Issuer-Failure-MMB6.pdf https://www.sifma.org/wp-content/uploads/2017/05/sifma-and-dtcc-white-paper-money-market-instruments-blue-sky-task-force-report.pdf Some recent headlines: HSBC 1/13/2023: Under pressure from his biggest shareholder, China’s Ping An Insurance Group, to improve profit, HSBC (HSBA.L) Chief Executive Noel Quinn has in recent months accelerated plans to shrink its global empire and streamline its management. Reuters reported HSBC is shedding at least 200 senior managers as it prunes the ranks … Read more