https://twitter.com/GrubStreetJorno/status/1176340867629617152
Fed Balance Sheet in context.
A billion here a trillion there and soon we will be talking real money?https://twitter.com/GrubStreetJorno/status/1176348275781382145
Regarding Money and Debt the two are axiomatic in the current system money is debt
https://twitter.com/GrubStreetJorno/status/1176349536555536384
I think it was JP Morgan who sail Competition is a sin, the concentration of wealth and scotching of enterprise is a design and not a design fault. It is by design as is the planned obsolescence to wit this documentary is well worth watching.
When an econo-financial world based on never-ending credit meets the reality of suspicion about inability to repay debt, all bets are off. Last week saw the end of the beginning of a crisis of liquidity in credit-driven capitalism in the United States. This week, more information is available to confirm our fears. As we head towards the tidying of balance sheets at the year-end, more tartan paint salesmen are about to become IPOs on already squeamish markets. The signs are not good.
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Earlier last week, The Slog ran this story about the New York Federal Reserve bailing out a liquidity-short bank (to the tune of $35bn) under its remit last Monday. The MSM around the World completely ignored the story, although several online sites soon had it. I read the Wall Street on Parade story within an hour of being tipped off by an NYC contact, so they…
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