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Thursday, September 23, 2021

Carney: In Janet Yellen’s Nomination, A Break from the Past

Janet Yellen breezed through her confirmation hearing on Tuesday and Joe Biden’s nomination of her to head up the Department of Treasury will likely win approval of the Senate Finance Committee, perhaps as soon as Thursday. So it is worth taking notice of how unusual the nomination of Yellen is and how little her experience…

The US National Debt Has Exceeded The Total Value Of The GDP

August 21, 2020 8:41 PM ET The U.S. national debt now exceeds the size of America’s total gross domestic product and the milestone may have been met as early as June, according to a Friday New York Times report. America’s federal debt stands at around $26.6 trillion — an approximate $7 trillion increase since 2016,…

Time To Separate Capitalism From Finance

What is the difference between the laws of nature and the laws of economics? If you don’t know the answer to that question, it is that the laws of nature are immutable while the laws of economics are not. In other words, the laws of economics are not really laws, they are statements about the…

Share Market Meltdown Was in the Cards

Submitted by Steve Brown… The alarming decline in world share markets may be unprecedented but is not unexpected. In a series of articles over many months we’ve covered the weakness in globalist structures present for a long time, leading to a unique set of circumstances. Since the United States treacherously reneged on its agreement with…

President Trump’s Effort To Shake Up The Federal Reserve

February 21, 2020 5:03 PM ET There is more to President Donald Trump’s monetary policy than political self-interest. If the president simply wanted low rates and to ease the regulatory burden of the Federal Reserve, he could achieve these outcomes without much resistance. However, Trump also wants to disrupt the Fed’s ruling monetary clique. To…

30-Year Treasury Yield Drops To Lowest Level Ever

The yield on the 30-year Treasury bond dropped to an all-time low as investors around the globe reassessed the potential economic costs of the coronavirus outbreak. Bond yields fall as price rise so the record low yield indicates a jump in demand for long-dated U.S. Treasury bonds.  On Friday, the yield on 30-year Treasuries fell…

Mexico’s Fight for National Banking Revives a Forgotten History

From Strategic Culture In Ellen Brown’s brilliant new article “Mexico’s AMLO Shows How It’s Done”, the researcher and national banking advocate made the powerful point that the only way to properly fight the neo-liberal order is for nations of the west to follow the lead of Mexico’s current President Lopez Obrador who recently announced the…

U.S. Manufacturing Rebounds Sharply in November

U.S. manufacturing output and industrial production rebounded sharply in November, beating economists’ expectations and ending a two-month period of softness. Manufacturing production rose 1.1 percent in November, more than reversing the upwardly revised seven percent decline in October, the Federal Reserve said Tuesday. Economists had expected a less than 1 percent rebound following the end…

Donald Trump Has ‘Cordial’ Meeting with Federal Reserve Chair Jerome Powell

President Donald Trump on Monday confirmed he met Federal Reserve Chairman Jerome Powell at the White House to discuss monetary policy. “Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve,” Trump wrote on Twitter. The meeting was first disclosed by Powell in a press statement, revealing…

Federal Reserve: Out-sourcing the Monetary System to the Money Trust Oligarchs Since 1913

Submitted by Steve Brown… Today, ‘money’ is a guarantee to honor government debt, where the currency in our pockets represents tax claims as well as debt purchased by the Federal Reserve and others (1) from the US Treasury, so that the Federal Reserve may issue the notes that constitute the cash in your wallet. Just…
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