Spreading the truth. Empowering the people.
By Wolf Richter for WOLF STREET: Total assets on the Fed’s weekly balance sheet, released this afternoon, spiked by $586 billion in one week, to $5.25 trillion. This doesn’t even include yet the bulk … Read more
by Charles Hugh-Smith The collateral supporting the global mountain of debt is crumbling as speculative bubbles deflate. A great many freebies are being tossed in the Helicopter Money basket. That … Read more
by Charles Hugh-Smith This is why it’s imperative to go big now, and make plans to sustain the most vulnerable households and small employers not for two weeks but for … Read more
by The Phoenix The markets are bouncing hard in the overnight session. The Trump administration announced last night that they are planning a number of fiscal measures to prop up the … Read more
1:19 PM PT — We’ve obtained the dispatch audio in which you can hear the operator directing emergency personnel to the crash scene. 1:12 PM PT — Rick Fox’s attorney confirms the … Read more
via Zerohedge The Fed’s charter prohibits it from directly purchasing bonds or bills issued by the US Treasury: that process is also known as monetization and various Fed chairs have … Read more
For both governance and practical reasons, the ECB cannot proceed without the approval of the national governments. The ECB lacks the technical capacity and information it needs to do the … Read more
Philadelphia police dropped an explosive device on the roof of a building housing members of the radical African American movement group MOVE. Police also reported firing over 10,000 rounds for … Read more
A wealthy West Virginia coal mine owner, his daughter and five others died when their helicopter crashed into the Atlantic Ocean off the coast of the Bahamas en route to … Read more
by asepp Previous blog posts on modern monetary theory (MMT) and helicopter money have led to the following interview with John Adams and Martin North of Digital Finance Analytics, shown on the YouTube channel Interest of The People: … Read more
by pale_duchess Because “credit adventurism” was the prime cause of the 2008 crash, its effects were concentrated in the credit (banking) system. But GFC II, resulting instead from “monetary adventurism”, will this time … Read more
Are you ready for the helicopter money? Free money for all!… Will this ever happen? If so, what are the consequences, if any? The effects of QE1, 2, and 3 … Read more
At least two generals were on board the helicopter that crashed in western Venezuela on Thursday, one of them was killed and another one injured, local police sources told Sputnik. … Read more
“The two face off for a few seconds, until Montelongo raises his weapon and fires, striking the trooper in the arm. Troopers returned fire, mortally wounding him.” www.mysanantonio.com/news/local/crime/article/DPS-aerial-footage-shows-deadly-shootout-between-13203123.php h/t Mccruise
by LS Right on cue after Charles’ recent piece, I see the UK’s cash-drop-for-the-masses has arrived (source: www.telegraph.co.uk)
The pilot and the Deputy prosecutor-general Saak Karapetyan, had both accidentally shot themselves multiple times. Another tragic accident in Northeast Moscow. Deputy prosecutor-general Saak Karapetyan, 58, died in … Read more