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Why the Government Debt Crisis Will Blow up before we Even Get to Default

The Fed’s fight has become much more complex this month. Inflation is fighting back harder all of a sudden, while the US debt ceiling is putting bond markets and banks at considerable risk by driving bond yields up even faster than the Fed was doing. This extra thrust is happening just as the Fed was trying to end its rate increases and even as additional banks are poised to collapse from the already-high bond rates. The situation appears to be cascading into a nuclear market meltdown.

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Will We be Force-Fed Fedbucks, or Will the Frogs Gladly Be Boiled Alive?

I was recently asked how on earth the Federal Reserve will get US citizens to convert to the purely digital currency the Fed has been talking about for a few years now. That’s a good question that I’ve dealt with a little in the past; and, since the Fed’s public rollout of its premier first step in that direction is scheduled for this July, now seems like a good time to recap all of that.

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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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The Senate Inquisition Fried the Bank Regulators Over EASY

Pull up a lawn chair to watch our head regulators get their butts chewed off by a congress that has let the Fed slide on regulation for years. In this grand game of CYA, the inquisitors tread artfully because they are as much responsible for oversight failures as the regulators.

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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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To Be Frank, Barney Bank Was Targeted by the Fed to be the Poster Child for its Digital Currency Launch

Barney Frank, whose name is on the Dodd-Frank banking regulation that came out of the Great Recession, is a board member at Signature Bank, which was just dissolved by the Fed and FDIC. While good ol’ Barn pretended to impose tough banking regulations, he made sure the bank he is now a part of would […]

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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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Can Gilead Science’s Coronavirus Cure, Remdesivir, Save the Economy?

The US stock market leaped at the open on Friday because of late news yesterday about Gilead Sciences’ promising coronavirus cure, Remdesivir. Is the market’s response warranted? Is It Wishful To Think A Coronavirus Cure Can Save The Economy? One economist said today that the stock market already considers 2020 to be economic toast. It […]

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The Bailout Bonanza is Back! (Pt 2: Hedge Hogs Demand More!)

The emphasis has to be on HOG as they squeal for corporate welfare and push their snouts into the trough. One hedge hog says the government needs to bail out all businesses by paying all wages so companies that depleted all cash don’t have to pay to retain all workers:

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