Precious metals are apparently waking up. And here is where you can find the best deals.
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A wordy definition, yes; but it is applicable to our topic of Fractional-Reserve Banking. After reading the rest of this article, you should be able to see just how important and enormous Fractional-Reserve Banking is; as well as how dangerous.
Sep 23, 2020 - 09:51:18 PDT
Thousands of secret “suspicious activity reports” offer a never-before-seen picture of corruption and complicity — and how the government lets it flourish.
Sep 23, 2020 - 09:34:49 PDT
The Fed is buying the bonds of roughly 800 companies, and there’s no estimate of how many jobs have been saved by the central bank’s efforts.
Fed's Evans Tries To Set Record Straight On "Rate Hike" Miscommunication, But Dollar Barely NoticesSep 23, 2020 - 09:33:41 PDT
"I don’t fear stronger accommodation to support inflation... the setting of monetary policy I think is quite adequate." - Chicago Fed president Charles Evans.
No rate hikes for three generations.
POWELL: THE MAIN STREET PROGRAM WOULD NOT WORK FOR MUCH SMALLER LOANS.
Sep 23, 2020 - 08:39:20 PDT
Fed Mester: Recovery Will Require Very Accommodative MonPol, Fiscal Support, SAYS US HAS LOST ABOUT 6 YEAR'S WORTH OF GROSS IN TERMS OF ECONOMIC OUTPUT AND EMPLOYMENT...
Sep 23, 2020 - 08:31:18 PDT
(VOTER) FED'S CLARIDA: ADDITIONAL FISCAL SUPPORT WILL LIKELY BE NEEDED FOR US RECOVERY. (VOTER) FED'S CLARIDA: IF FINANCIAL STABILITY THREATENS MAXIMUM EMPLOYMENT OR INFLATION GOALS...
Sep 23, 2020 - 08:26:45 PDT
FED'S EVANS SAYS IT'S PROBABLY A BIT AMBITIOUS TO THINK THERE WILL BE $1 TRLN IN FISCAL HELP (NON-VOTER) FED'S EVANS: FISCAL POLICY SUPPORT AND IMPROVED PUBLIC HEALTH SAFETY ARE KEY TO THE RECOVERY....
“If the economy performs worse than we expect, then Main Street will be there to take on a heavier load,” Powell said in testimony before the House of Representatives Select Subcommittee on the Coronavirus Crisis.
The Fed Is Preparing To Deposit "Digital Dollars" Directly To "Each American"Sep 23, 2020 - 07:52:49 PDT
"legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments."
Congressional Watchdog GAO Faults IRS & Treasury for Millions of Missing Pandemic Relief ChecksSep 23, 2020 - 07:34:08 PDT
Government Accounting Office’s report also faults Centers for Disease Control and Prevention over school-reopening guidelines.
Sep 23, 2020 - 07:30:30 PDT
Shortly after Congress passed the Cares Act, the Pentagon began directing pandemic-related money to defense contractors.
Who Got the $33 Billion in Farm Subsidies for the US-China Trade War and Coronavirus Payments?Sep 23, 2020 - 07:25:13 PDT
Individual recipients don’t even have to work on a farm; people getting these payments can be “city slickers.”
The Delta Announcement is for Pilots Only and that is on top of over 1,800 early retirement acceptances.
Watch Live: Fed Chair Powell’s Second Day of Testimony on Capitol Hill: 10:00AM ETSep 23, 2020 - 07:04:29 PDT
Powell returns to Capitol Hill on Wednesday for a second day of testimony on the Fed's efforts to support U.S. business.
S&P 500 Turns Negative as Tech Selling Returns, Amazon Down More Than 1%Sep 23, 2020 - 06:59:27 PDT
The Dow got a boost from a blowout earnings report from component Nike as the market built on its solid gains from the previous session.
It's not just the federal government running massive deficits and piling up enormous levels of debt. Thirty-nine US states don't have enough money to pay all of their bills.That was the grim conclusion of Truth in Accounting's annual Financial State of the States report.The report summarizes a comprehensive analysis surveying the fiscal health of the 50 states prior to the coronavirus pandemic.
The pullback has been quite orderly...
Gold could hit a record before the year-end, aided in part by the risks surrounding the U.S. presidential election, according to Citigroup Inc.Uncertainty over the contest and delays about the outcome may “be under-appreciated by precious metals markets,” ...