This May Be The Beginning Of The Great Financial Reckoning

For the past several years, the government has always been able to rely on the usual suspects to loan them money and buy up all the debt, namely– the Federal Reserve, the Chinese, and the Japanese. Those three alone have loaned trillions of dollars to the US government since the end of the financial crisis. The Federal Reserve in particular, through its “Quantitative Easing” programs, was on an all-out binge, buying up every long-dated Treasury Bond it could find, like some sort of junkie debt addict. And both Chinese and Japanese holdings of US government debt now exceed $1 trillion each, more than double what they were before the 2008 crisis. But now each of those three lenders is out of the game. The Federal Reserve has formally ended its Quantitative Easing program. In other words, the Fed has said it will no longer conjure money out of thin […] Read More

The Economic Crash of 2016 Has Begun

Shoppers in Tokyo The financial crash is already happening and the central banks are visibly panicking, they are now resorting to negative interest rates for the first time! They strongly believe that with this scheme, the middlemen lenders would be forced to lend more to their clients to spur economic growth. Otherwise, they will be charged for parking their money with the central bank. Bank of Japan, in a Surprise, Adopts Negative Interest Rate for the First Time The Japanese government has tried numerous stimulus measures, hoping to increase spending and spur inflation. Yuya Shino/ReutersAs Japan’s economic doldrums have lingered, its leaders have tried a number of tricks over the years, from increasing government spending to flooding the financial system with cash. With the global economy looking increasingly fragile, Japan is now taking a more aggressive step by cutting interest rates below zero on Friday. The policy — which […] Read More

Monied Interests Run America

Powerful Wall Street headquartered monied interests run America – in league with corrupt federal, state and local officials, waging financial war for profit. Reckless Fed-led central bank policy bears full responsibility for today’s market turbulence. Ordinary people are hurt most – fleeced of income, savings, benefits and futures. Most youths in America today haven’t the same opportunities as inner city kids like this writer growing up. When good public schools prepared students for college. When it was affordable. When many public colleges and universities were tuition-free. When student debt entrapment didn’t exist. When America was the world’s leading industrial economy. When full-time high-pay/good benefits jobs were plentiful. When each generation was financially better off than earlier ones. When wages kept up with inflation. When America’s middle class thrived. When corporations and high-income earners paid their fair share in taxes. Before class war pitted private wealth against popular interests more […] Read More