Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies’ approaches to supervision in this area.

Source: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230103a1.pdf Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies’ approaches to supervision in this area. In particular, the statement describes several key risks …

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US Debt Rose 250% From 2007 To Today Under Pelosi, Boehner, Ryan, Pelosi (Pelosi Is Greatest Spender Of All Time But Ignored Crippling Unfunded Liabilities Problem … 452% Of Massive Federal Debt)

by confoundedinterest17 Nancy Pelosi is passing her gavel to someone else (most likely McCarthy R-CA), but her legacy like that of fellow spendaholic John Boeher (RINO-Ohio) and Paul Rino (RINO-WI) is reckless spending and debt load. Since 2007 when Pelosi …

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Powell Rugged the Markets Today, Why Tho’?

by Chris Black Where’s muh Midterms Rally? Where’s muh FED Pivot? https://twitter.com/ADAMBERGMANshow/status/1563177450992832517 What’s going on here? They are simply trying to time the break. The USD is toast when the petro dollar breaks. And that has been the plan. Brainard …

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The US oil piggy bank is half empty… OPEC+ today announced cutting oil supply by 2mb per day… making Biden’s release of 1mb per day look increasingly futile… and unsustainable as the SPR is getting depleted to dangerously low levels

by silvertomars If Democrats hadn't destroyed American energy independence, OPEC planning to cut their oil production wouldn't be such a major issue for us. — Sen. Marsha Blackburn (@MarshaBlackburn) October 5, 2022 NY harbor diesel crack spread Diesel is running …

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Bank of England Bought No Bonds Today, after Buying only £22 Million on Monday, instead of £5 Billion per Day

by Boo_Randy How long can the Keynesian fraudsters at the BoE stave off the inevitable financial reckoning day by buying up their own debt with created-out-of-thin-air “money”? https://wolfstreet.com/2022/10/04/bank-of-england-bought-no-bonds-today-after-buying-only-22-million-on-monday-instead-of-5-billion-per-day/ Carefully communicating this isn’t a Pivot to QE but a temporary “backstop” …

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