The Federal Reserve Bank of New York says it will increase the size of its overnight short-term repurchase agreements, or repos, to $120-billion from the current $75-billion. In a repo, banks give bonds to the Treasury in exchange for cash with an agreement to buy them back the following day or shortly thereafter. They are the equivalent of overnight loans. The size of the loans have continually increased, and there is no end in sight. Because the loans are to be paid back to the Fed after a short period, they are said to not cause inflation. [However, if $120-billion loan one day is replaced by another $120-billion loan the next day, the result is that the constant money supply has been increased by that amount. Since the long-standing pattern is for the size of these loans to continually increase, the inflationary effect is undeniable.] -GEG
The Federal Reserve Bank of New York said Wednesday that it would increase the size of its overnight repo operations to $120 billion from the current $75 billion.
The Fed announcement came without explanation. Recent Fed offerings for the short term repurchase agreements, or repos, have been oversubscribed, meaning banks sought more liquidity than the Fed was prepared to provide.
On Tuesday, the Fed injected nearly $100 billion in combined overnight and slightly-longer term loans to banks.
Mainstream news reported that he had hosted a dinner party the night before the attack to watch mass-shooting videos. Six Saudi nationals were also arrested, including three who were seen filming the shooting.
Kanye West was addressing the homeless crisis on his own 300-acre plot of land, on his own dime, at zero cost to the the government. Yet, the government required him to either get a new set of permits or tear down the structures.
A new study from the University of Washington found that humans are exposed to 44 TIMES higher levels of BPA than is considered safe; BPA is a chemical toxin found in plastics that can cause cancer, infertility, hormone disruption and gender bender interference with male and female chromosomes.
Refugee Resettlement Watch urges everyone to contact the governors of theirs states and then contact county executives or commissioners. Sample letters are provided, but must be modified to make it clear you are against the refugee program.
The cost to American taxpayers is estimated at $79,600 PER REFUGEE in the first 5 years of resettlement. Americans are being forced by their leaders to pay for the destruction of their own economy and their culture. Voters finally may have the right to say no.
The National Health Federation that provided legal counsel for Thyer says the regulatory agencies in the UK and France are controlled by pharmaceutical corporations and are determined to stop the use of GcMAF because it is competition to their products.
Paul Singer’s Elliott Management company has made billions by buying large stakes in American companies, then firing workers, driving up short-term share prices, and then selling out quickly before the companies collapse.
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Ten Days at Jekyll Island, a novel by Patrea Patrick, tells the true story of a secret meeting held in November of 1910 on a privately owned resort island, the outcome of which drastically changed the world. It was at this meeting that a banking cartel was forged; a cartel that, three years later, would be issued a government charter to do business as The United States Federal Reserve System. You will discover why secrecy was essential. Based on historical documentation from The Creature from Jekyll Island by G. Edward Griffin. (More)
Offline is a documentary on the inevitability of the Earth being slammed by a mega solar flare – not the common type that interrupts communications and creates a light show in the Northern skies – but the big brothers thousands of times more powerful. These monsters deliver enough energy to blow apart the master transformers that supply the planet’s energy grids. When that happens, the lights go out for longer than anyone wants to think about. These X-Class solar storms hit the Earth every 150 years, on average. The last one arrived 156 years ago. We are overdue (More)
The Federal Reserve Bank of New York has refused to inform GATA, a watchdog group, which investment houses have been getting the infamous “repo” loans, and informed them that they must wait two years to discover the identity of the loan recipients.
The Federal Reserve raised the interest rate one-quarter of a percent. In response, the US dollar dropped by 1%, gold rose a bit, and stocks skyrocketed. Debt is soaring while the GDP is falling, which is the forerunner of inflation and depression at the same time.