Reserve Bank of Australia reports loss of $37bn and plans to cut dividends to Treasury

by Boo_Randy The bills are starting to come due for 14 years of Keynesian monetary malpractice at the central banks. https://www.theguardian.com/business/2022/sep/21/reserve-bank-of-australia-rba-reports-loss-plans-to-cut-treasury-dividends-review-bond-buying-purchase-program Central bank in negative equity after 2021-22 loss, a review of its pandemic bond-buying program has found.

“Joe Biden Plans Wednesday Student Loan Debt Relief Announcement” (BLOOMBERG), Cost: “$2,000 Per Taxpayer”

*BIDEN PLANS WEDNESDAY STUDENT LOAN DEBT RELIEF ANNOUNCEMENT — zerohedge (@zerohedge) August 23, 2022 https://www.bloomberg.com/news/articles/2022-08-23/biden-plans-wednesday-student-loan-debt-relief-announcement I don’t care about anyone’s student debt. I just don’t. Stop it. You went to college you are supposedly smarter than me. Figure the shit …

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Future Plans For The Non-Elite: No Meat Or Dairy, Little Clothing, No Cars, Almost Zero Air Travel, Etc.

by AC The report is a black button to the right on the page. It’s a 68 page PDF. https://www.arup.com/perspectives/publications/research/section/the-future-of-urban-consumption-in-a-1-5c-world Below are screenshots from the PDF linked from above. Preferably no more than 3 new clothing items per year. Who …

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Green Sacrifice! Ford Plans Up to 8,000 Job Cuts to Help Fund Investments in EVs (Gasoline Prices UP 55% Under Biden, Food UP 22%, Mortgage Rates UP 87%)

by confoundedinterest17 This is green sacrifice. Of jobs, that is. Ford Motor Company plans to sacrifice 8,000 jobs to help fund investments in electric vehicles. The job cuts will come from internal combustion gasoline vehicles. Transportation Secretary “Mayor Pete” Buttigieg loves high …

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Summer vacation plans for millions of Americans under threat: Gas prices hit record $4.45 a gallon, airfares surge 33% and camps for kids hike fees up to 15%

by Boo_Randy The spot price of gasoline hit a new record on Friday.. US inventories ahead of the summer are sounding the alarm chart from @Credit_Junk pic.twitter.com/ED2HwEoUt0 — Alessio (@AlessioTMAD) May 15, 2022 How’s that “Build Back Better” working out …

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Alarm! Treasury 10Y Term Premium Remains Deeply Negative As Fed Plans Its Attack On Mortgage Rates And Treasury Yields (3M TBill/OIS Spread Crashes As 30Y Mortgage Rate Is -3%) Venezuela 2Y Yield At … 436.77%

by confoundedinterest17 Alarm! The 10-year Treasury term premium, the amount by which the yield on a long-term bond is greater than the yield on shorter-term bonds, remains steeply negative (white line) as The Federal Reserve steps up its attack (aka, monetary …

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Biden plans to tackle ‘Putin’s price hike’ by releasing one million barrels of oil EVERY day for next six months, fining energy companies not using US land and by speeding up the switch to electric cars

President Biden will announce the release of 180 million barrels of oil over six month from the Strategic Petroleum Reserve later on Thursday Senior administration officials said it was one part of a plan to lower gas prices  He will …

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