By: Thorsten Polleit In an effort to “fight” the consequences of the politically orchestrated “lockdown,” the Fed pumps vast amounts of money into the economy. It injects base money into the banking system. It also monetizes outstanding debt and finances the US administration’s deficit spending policy by issuing new money. This not only increases “excess […]
Federal Reserve
Money printer go brrr will not prevent the economic collapse
By: Frank Shostak To counter the likely severe side effects of the lockdowns on the economy—introduced to prevent the spread of the coronavirus—the Federal Reserve has embarked on massive expansion of its balance sheet. The size of the Fed’s assets jumped to $6.2 trillion in April this year from $3.9 trillion in April last year—an […]
Federal Reserve adds more cities, counties to $2.3 trillion muni-bond scheme amid racism charges
The Federal Reserve took unprecedented action when it recently announced that it would be intervening into the municipal bond market, scooping up state and municipal debt amid the coronapocalypse. On Tuesday, the U.S. central bank announced some updates to the $2.3 trillion program. One of the first changes is that it would permit a larger […]
Former Federal Reserve official pushes U.S. central bank ‘to go negative’
Well, it begins: The push for subzero interest rates. Narayana Kocherlakota, a Bloomberg columnist and former president of the Federal Reserve Bank of Minneapolis, wrote an op-ed in which he encouraged the U.S. central bank to slash rates to negative territory. But the opinion piece fails to make the case for negative write, merely writing […]
Federal Reserve’s money supply growth surges to 92-month high
By: Ryan McMaken The money supply growth rate rose again in March, climbing to a 92-month high. The last time the growth rate was higher was during July 2012, when the growth rate was 11.5 percent. At that time, however, money supply growth was on its way down. The current upward trend has more in common […]