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.
The NYPD said that several officers sustained injuries, including one who was struck in the head with a garbage can and another who was punched in the face. Protesters shut down the street around police headquarters in St. Louis, Missouri.
Riots broke out in Minneapolis, and fire crews responded to 30 intentionally set blazes during the protests, including at least 16 structure fires. Violence spread a few miles away to a Target store in St. Paul’s Midway neighborhood where police said 50 to 60 people rushed the store attempting to loot it.
Trump’s executive order can be reversed by his successor when he leaves office, therefore, Congress should pass a law against censorship. But it won’t because politicians accept generous campaign contributions from big tech.
Dr. Fauci and Dr. Birx relied on bogus computer models to frighten politicians into shutting down the country. Last week, after 39-million Americans lost their jobs, Fauci acknowledged that staying closed could cause “irreparable damage!” [Every school child in the country could figure that out, so why did he do it?
Church pastor Jerry Waldrop filed a lawsuit against the city of Holly Springs, alleging police officers had disrupted Easter service, and some believe that the fire was set by people who support the lockdown.
JP Morgan CEO Jaime Dimon acknowledged that the stock market is rising only because the Fed is using taxpayer dollars to save large companies. These bailouts are rewarding bad behavior by banks and their favored businesses, and it is creating massive debt that will destroy the nation.
While Bill Gates was spreading panic over the coronavirus and pushing for a 3-month lockdown, the Bill and Melinda Gates Foundation was buying up tech stock, such as Apple, Amazon, Google-parent Alphabet, and Twitter, all of which did a booming business during the lockdown.
The doctors say the loss of livelihoods are causing poverty, loss of homes, despair, alcoholism, drug abuse, and suicides. It is the view of these doctors that these effects are more deadly than the virus.
People objected to sensors that would be placed everywhere collecting data on everything. They also were not not comfortable with a private company running their city [Good decision on the sensors, but it is hard to imagine that private-sector crooks would be much worse than public-sector crooks.]
Gates’ banker father was head of Planned Parenthood and the family was connected to a group of wealthy intellectuals who called themselves Eugenicists. That means they advocated so-called public-health programs that secretly sterilize those who are considered by the elite to be unworthy of procreation.
Heather MacDonald says says the longer people are under lockdown, the more dependent they become on the government for survival – which is what socialism, communism, fascism, and all other forms of collectivism are all about.
The proposed law law would enable mainland Chinese police and military agencies to operate on city soil for the first time. Protesters were hit with tear gas and a water cannon. At least 120 were arrested.
The state currently is counting anyone who dies WITH the virus as having died FROM the virus. Nevertheless, the epidemiologist on the payroll of the state’s Department of Health continues to claim that virus deaths are being undercounted.
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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.
G. Edward Griffin reveals why the bankers are flooding the economy with money in anticipation of a global collapse. He poses thought-provoking questions about how President Trump was elected, his relationship with Henry Kissinger and George Soros, and his reversal on campaign promises and early accomplishments.
In anticipation of the value of the decline in Zimbabwe currency after the military coup, citizens are rushing into cryptocurrency, which has bid up the price of Bitcoin. Last week, Bitcoin was $5,900. Now it is valued at $8,040.