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Fedbucks Coming to a Theater Near You This Summer!

We are nearing the time in early summer when the entertainment industry rolls out its new blockbusters and flops. June is also that time when the Fed had said it will roll-out its own special feature (and likely future box-office flop) — the platform that will likely be used as part of its eventual central bank digital currency …

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It’s Pancaking All the Way Down, Folks!

The contagion of collapse continues. As I suggested would happen earlier this week, the crazy buyout engineered in Switzerland as one of the oldest banks on Earth collapsed has spread to equally ancient, gargantuan and zombified Deutsche Bank, and that’s just what’s happening on the surface as the whole global financial structure shook hard again today.

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Janet Yellen: Creature of Chaos

Just a handful of recent bank collapses with the help of Janet Yellen’s recent testimony in congress have spread shockwaves beneath the entire surface of global banking. Several publications are now joining in the harsh criticism I brought against Yellen …

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TRAPPED: The Fed Is Fettered between Inflation and Financial Meltdown

Before you read the following quote from a Fed employee, you had better set your coffee, beer or wine down so you don’t spray all over the carpet or the person next to you. This is how dense the Fed is when it comes to learning from its own mistakes after it first tried quantitative tightening in 2018 and failed miserably:

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The Great Bond Bomb was Ticking So Loudly No One Could Hear it over its Own Noise

Now that the Big Bond Bust has happened, as promised here, everyone wants to know how it happened. I want to know how on earth so many of them didn’t know it was going to happen — especially those who were supposed to be watching for this … including the regulators who were actively causing it?

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CONTAGION: Terrorist Fed Wipes out Banks as Cryptocollapse Flushes through the System

It’s contagion all over the place already. So many are asking if the wipeout of two banks, including the nation’s 16th-largest, is a sign of contagion that the worries have caused US Treasurer Janet Yellen to assure the nation again and again that the banks are more solid than ever and that the Treasury …

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Panic in the STREET: One Bank Crashes, A Bigger One RUNS for its life then crashes, and Suddenly it’s Panic on Wall Street!

Just when you have figured out what you’re going to write about at the start of day, along comes major morning news that sweeps your plans away. Today, the news changed more quickly than I could write the introduction to this article. I had to rewrite it and the headline several times after I published the article!

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How Picking a Soviet-Born Radical for a Treasury Post Backfired on Biden

Radical, reformer or outright red? Saule Omarova came under intense scrutiny when she appeared before the senate for the post of Comptroller of the Currency, drawing fire from Republicans, banks and even some Democrats. She was called by some â€œJoe Biden’s most dangerous nominee.” Saule Omarova, the president’s pick for one of the US Treasury’s top posts, was […]

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The Great 2020 Bailout Bonanza

Let us speak of megabanks and global corporations, chicanery and swine, and speak of how the great have feasted in the troughs of trillions dumped out by the present administration, congress, and the Fed, for 2020 makes the bailouts of the Great Recession look like childhood snacks.

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Goldman’s Stacks of Gold

Goldman Sachs, JPMorgan, and BlackRock Financial Management are stacking up wealth like never before, thanks to the Great Recession 2.0, a.k.a. the Second Great Depression. Yet, the Fed maintains its recovery plans do not create wealth disparity.

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Fed’s Neel Kashkari: Patriotism Doesn’t Pay Dividends

Federal Reserve Bank of Minneapolis President Neel Kashkari suggested in the Financial Times how banks could raise their own capital to prepare for the coronacrisis: The most patriotic thing they could do today would be to stop paying dividends and raise equity capital, to ensure that they can endure a deep economic downturn. They could … if they wanted to be patriotic. We […]

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When Will I Get My Stimulus Check?

You want your money. Bankers are already fighting for their part of it. If it takes conflict to make a good story, the banker part will get you; but first let’s cover the basics of what you have coming to you and when:

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