Helping You Survive and Prosper in the Greater Depression
Since it is Flashback Friday, now would be a good time to share this clip of then-Candidate Donald Trump warning about what would happen if the Federal Reserve raised interest rates. During a debate with Hillary Clinton, he warned that a rate hike … [Continue reading] about #FlashbackFriday: Donald Trump warns Fed rate hike would pop the ‘big, fat, ugly bubble’
Well, it has not even been a year since the Federal Reserve began trimming its balance sheet. It turns out that the Eccles Building restarted quantitative easing (QE) in the last week, taking on approximately $300 billion in assets. Here is a … [Continue reading] about Federal Reserve restarts quantitative easing (QE) as balance sheet explodes in one week
By: Connor O'Keefe There's nothing like a bank failure to get people thinking about the banking system. And though it appears the Fed has bought the nation's banks some time, the pair of bank runs on Friday and Sunday again exposed the fragility … [Continue reading] about It’s a Wonderful Life: The deception of the banking system
Treasury Secretary Janet Yellen is testifying in front of the U.S. Senate Finance Committee regarding President Joe Biden's 2024 budget and the banking crisis. Here is the live hearing: https://www.youtube.com/watch?v=7bqppxAMsRY … [Continue reading] about Watch: Janet Yellen testifies on banking crisis, Biden budget
The European Central Bank raised interest rates by 50 basis points on Thursday, despite the banking crisis that has decimated global financial markets. ECB head Christine Lagarde increased the benchmark policy rate to 3.5 percent, the deposit … [Continue reading] about European Central Bank raises interest rates amid banking crisis, prepares to provide liquidity support to financial system