Dewey Fernfield
The Fed loves to print money, there’s no denying that. They can give money to institutions all over the world and face no consequences, or even questions for that matter. In 2008, congress asked Neel Kashkari, who do you work for? Essentially questioning the validity of this entity itself. Today, nobody would dare challenge the Fed. They are more powerful than ever before.
‘Fraud’ Is a Banned Word in U.S. Aid Program Overwhelmed by It – Bloomberg
Mnuchin Declines to Extend Several Fed Emergency Lending Programs – WSJ
Mnuchin Declines to Extend Several Fed Emergency Lending Programs
Treasury Secretary Steven Mnuchin said he would allow several emergency Federal Reserve lending programs to expire, opening a divide with the central bank, which had pressed for an extension. As a result, on Dec. 31 several novel Fed programs that have backed corporate credit and municipal-borrowing markets and that have provided loans to small and midsize businesses and nonprofits during the coronavirus pandemic will end.
Mnuchin to Let Emergency Credit Programs Lapse – CFO
Mnuchin to Let Emergency Credit Programs Lapse – CFO
Over the objections of the Federal Reserve, Treasury Secretary Steven Mnuchin has decided to allow several emergency lending programs to expire, prompting warnings of market instability amid the worsening of the coronavirus pandemic. Federal Reserve Chair Jerome Powell had urged Mnuchin to extend the programs, which are due to expire Dec.
Mnuchin’s Fed move is like stripping Titanic of its lifeboats: Economist
Mnuchin’s Fed move is like stripping Titanic of its lifeboats, economist says
U.S. Treasury Secretary Steven Mnuchin’s decision to allow key pandemic relief programs to expire is like stripping lifeboats from the Titanic, according to Carl Weinberg, chief economist at High Frequency Economics. Mnuchin announced Thursday that he will not extend the Federal Reserve’s emergency lending programs that used Congress’ CARES Act funds beyond Dec.
Boris Johnson unveils £24.1billion spending splurge to make Britain the ‘naval superpower of Europe’ once again
Boris will unveil £16.6BILLION war chest to build space age military
BORIS Johnson has today announced a huge £24.1billion war chest to transform our Armed Forces and become Europe’s naval superpower once again. The biggest investment in defence since the Cold War will be used to create a new space command, cyber force and artificial intelligence agency, the PM proudly declared today.
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Jobs Recovery Tracker: Number of job adverts rises to 1.36 million for first time since early March, but regional disparities are clear :: The REC
Jobs Recovery Tracker: Number of job adverts rises to 1.36 million for first time since early March, but regional disparities are clear :: The REC
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THIS IS A 2 PART VIDEO. I WILL UPLOAD IT ASAP.
More money has been flowing into tech stocks. We have seen the financial system enjoying more cheap money, easy credit, low interest rates. Corporate debt has been accumulating.
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.
What Is The Money GPS? The Money GPS is a news aggregation source. It compiles data from government documents, white papers, mainstream news articles, financial reports, supranational entity reports, financial charts, and any other relevant information. The information is collected, dots are connected, and compiled into videos which tend to be around 10 minutes in length. Subjects include anything from central banks, debt, stock market analysis, and information which is specifically ALTERNATIVE to what the majority of people believe. If you are looking for stock tips or help with building your portfolio, this channel is not for you. If you… Read more »
“In your opinion, will there be another stimulus package from congress within the next couple months? If so, will it satisfy the economy?”
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Part 2 – Student Loan Defaults May Cost U.S. Taxpayer $400 Billion! Bigger Than Subprime Crisis?
Kary Mullins once said Fauci and his posse were looking for the right virus to create a health panic — Bingo they found it and used the most ridiculous methods PCR35+ (3% accuracy) to prove it. There is no pandemic. You have a virus with a mortality rate no more or less than any other virus. But; using it to destroy an economy takes a special kind of evil. So the question is to what purpose does a stimulus package really help and who does it really help? $1200 is a nice mac and cheese stop gap. Won’t really pay… Read more »