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 question of whether Jones’ comments were protected as free speech and freedom of the press were never argued or resolved. The legacy of these cases is expected to have a chilling effect on independent media dealing with freedom-of-speech issues.
The IRS posted duties for prospective new agents, including using “deadly force if necessary” during tax audits. The job listing also called for being willing to “participate in arrests, execution of search warrants and other dangerous assignments.”
Hard coral cover has increased by 33% in the central part of the reef and by 36% in the northern part of the reef, which are at their highest levels in 36 years. The southern area of the reef decreased in cover since 2021 due to starfish that feed on coral.
Those in power are shutting down the oil industry, which will cost millions of lives, maybe more. The EU and Britain have reverted back to burning wood as fuel and nearly 40% of Europe’s renewable energy is wood, and the majority comes from the United States.
The spending bill allocates $80 billion to the IRS with plans to increase its staff with 87,000 new agents. A critic pointed out that the proposal will not reduce inflation, but will instead cause massive job loss and increase household electricity expenses by 23%.
The Biden administration has endorsed sex change operations and treatments for kids who suffer from gender dysphoria, including treatment with puberty blockers. Gender-related distress will alleviate for around 80% of pre-teen children once they become teenagers.
The clinic has been accused of rushing vulnerable children under 18 into life-altering treatment on puberty blockers. The clinic had been overwhelmed by a sudden increase in referrals, particularly among young girls and children on the autism spectrum.
Representative Lauren Boebert tweeted this message: “The Internal Revenue Service bought nearly $700K in ammunition earlier this year which begs the questions, why do their agents need guns to do their job and who are the IRS arming their agents against?”
Spain’s socialist government is actually imposing a decree that bans air conditioning below 27°C (80.6°F) in all public and commercial places including airports, public transport, restaurants, cinemas and more.
The UK is now warning citizens that their energy bills are about to surge over 60% in October. About 75,000 citizens have pledged to refuse to pay their bills for a mass non-payment action under a campaign by ‘Don’t Pay UK’ that is trying to get 1 million people to join the consumer strike.
Overall, foreign buyers bought $59 billion worth of US homes,. Canadians bought $5.5 billion in US houses, Indians bought $3.6 billion, Mexicans $2.9 billion, and Brazilians $1.6 billion,. Liz Wheeler points out that America’s policy of selling land to foreign nationals is outdated and leaves our country vulnerable.
Scientists at the Weizmann Institute in Israel found that instead of using a fertilized egg to create an embryo, stem cells from mice can be made to self-assemble into early embryo-like structures with an intestinal tract, the beginnings of a brain, and a beating heart.
Dr. Ute reported that there has been an increase in cancer samples from people in their 30’s-50’s, tumor sizes have increased, multiple tumors are being discovered and cancers that were in remission are now recurring shortly after vaccination.
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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.
The Fed will be creating $75-billion daily in overnight ‘repo’ loans through October 10, and likely beyond. The author of this article speculates that these loans look suspiciously like a concealed bailout. The US dollar is doomed.