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.
Judge William Orrick, III, who has ties to Planned Parenthood, refused to disqualify himself and refused to allow a First-Amendment free speech defense. A jury awarded Planned Parenthood over $2-million that includes punitive and compensatory damages as well as attorneys’ fees.
The Fourth Geneva Convention bars an occupying power from transferring its own civilian population into occupied territory. However, President Trump’s State Department argues that this international law does not advance the cause of peace and, therefore, can be ignored.
In 1965, an identical twin infant male underwent surgery and his penis was accidentally destroyed during a circumcision. A psychologist, Dr. Money, believed that gender is not biological but learned, and convinced the mother to raise the boy as a girl in an experiment that he falsely claimed was a success.
Two prison guards, Michael Thomas and Tova Noel, have been arrested on federal charges for their behavior on the day that the prisoner died for their failure to check on Epstein even once, shopping for motorcycles and furniture online, walking around the common area, sleeping for two hours, and falsifying documents.
Some protesters battled against police with petrol bombs, bricks and arrows. Police were authorized to used live rounds on students using lethal weapons. Some 600 students have walked off campus, due to ill-health and hypothermia, giving themselves up to police; they face 10 years in prison for protesting.
The Trayvon Martin case was fabricated around his final phone with his girlfriend, Diamond Eugene, that falsely portrayed the shooting as a racial attack. Evidence points to Trayvon as the aggressor. The real Diamond Eugene never testified at Zimmerman’s trial, as a fake witness was substituted in her place.
Stone was not allowed by Judge Amy Berman Jackson, an Obama appointee, to demand proof that Russia did indeed hack the DNC computers. Attorneys for Stone contended that if the Russians did not hack the DNC computers, the case against Stone would have had to be dismissed.
An anti-ICE protester took a plea deal and a three year prison sentence after using a flag pole to attack a 60-year old disabled man. According to court papers, Pierce told jailers that he uses THC daily and LSD intermittently. He said he was homeless and living off food stamps.
The city of Denver is following liberal policies and refuses to enforce laws against trespassing, camping, and public defecation. Denver contends that if the trash is on Bayzar’s property, it is his responsibility to clean it.
After months of debate, the law was passed despite opposition. The measles vaccine in Germany is only available as a triple shot, and will also indirectly make immunization against measles, mumps and rubella, and in some cases chicken pox obligatory.
For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.
JWLABS – Building fine Rife frequency instruments in the USA since 1987. We offer customer support and an exceptional warranty. Learn why all households and clinics should employ this device. Call us at 888-891-1122 to discuss the many benefits. www.rifemachine.com
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)
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)
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.
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.