BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system

I have tried to get a few people at work to look at what's going on ...but I see they are not interested in bad news. Oh well..they will cry when their 401k gets destroyed..AGAIN!

half empty grocery store, and stores in general.

people dying in the streets from starvation...

TIANJIN

Seriously..?

and since the entire western economic paradigm is now irreparably entangled with the rest of the world - the real US economy is slowing too.

Since 2008 it's all been a game of musical money printing chairs on the sinking titanic.

The ultimate end is not in question.

this is kind of fuzzy.
interesting.

..... Federal Reserve Act of 1913

commentary:

"The Federal Reserve Act was originally granted a twenty-year charter, to be renewed in 1933. This clause was amended on February 25, 1927: "To have succession after the approval of this Act until dissolved by Act of Congress or until forfeiture of franchise for violation of law." 12 U.S.C. ch. 3. As amended by act of Feb. 25, 1927 (44 Stat. 1234). The success of this amendment is notable, as in 1933, the US was in the throes of the Great Depression and public sentiment with regards to the Federal Reserve System and the banking community in general had significantly deteriorated. Given the political climate, including of Franklin D. Roosevelt’s administration and New Deal legislation, it was uncertain whether the Federal Reserve System would survive.

Federal Open Market Committee
In 1933, by way of the Banking Act of 1933, the Federal Reserve Act was amended to create the Federal Open Market Committee (FOMC), which consists of the seven members of the Board of Governors of the Federal Reserve System and five representatives from the Federal Reserve Banks. The FOMC is required to meet at least four times a year (in practice, the FOMC usually meets eight times) and has the power to direct all open-market operations of the Federal Reserve banks.

12 USC § 225a
On November 16, 1977, the Federal Reserve Act was amended to require the Board and the FOMC "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." The Chairman was also required to appear before Congress at semi-annual hearings to report on the conduct of monetary policy, on economic development, and on the prospects for the future. The Federal Reserve Act has been amended by some 200 subsequent laws of Congress. It continues to be one of the principal banking laws of the United States."

[link to en.wikipedia.org (secure)]

Manufacturing is contracting
Service sector is contracting
Retail sales is slipping
GDP is heading to zero
Home sales are falling
Auto sales suck

There’s a reason Trump is begging for rate cuts and more stimulus. He knows it’s about to crash

The same things he ripped Bath House Barry's sham economy for.

The Joke is on everyone who doesn't see that the Joke is on them.

Your 401K won't save you in this one.

Manufacturing is in contraction (fact)
Service sector in contraction (fact)
GDP heading to zero (1.5 estimates in Q3 and 1% in Q4)
Retail sales falling
Home sales falling
Auto sales falling
Durable goods just fell
Business investment just fell to lowest levels since Trump was elected
CAT earnings just tanked
Boeing earnings just tanked
Amazon earnings just tanked
Ford earnings were bad
GM earnings were bad
FED is pumping in 100 billion per night in the repo market to keeps the banks solvent

Tell me where this strong economy is?


Have I missed anything?

I think it's more than one problem these repos are handling. Yes, a bank is probably in trouble. DB comes to mind. JPM is also involved and no one thinks JPM is in trouble so why would JPM be so involved in these repos? Perhaps they are offloading Treasuries from sovereign/foreign holders like the Chinese? The Chinese, for example, aren't going to plainly dump trillions in T's into the open market. They'd instead approach a JPM, put up their T's as collateral for cash loans from JPM (not unlike the Fed's repo operations), then not repay. JPM is left with the Treasuries and then dumps them onto the Fed via repos. Sneaking in money laundering like this is standard procedure for bankers.

Btw anyone who still thinks all these Trump admin meetings with the Chinese is about swapping dollars for plastic Walmart shit, aka a "trade deal", is a moron. This is about ending the dollar reserve system and turning over assets to the Chinese, who slaved away for many years to finance the deficit spending that's been used to fund the military, so the military can complete the Belt and Road Initiative from China to Israel.

No, that poster is wrong about the Fed's charter. The Fed Act was amended to change the original 99 year charter to "in perpetuity". Whether the Fed is an illegal entity, meaning the largest fraud in history, is a different issue.

It's no use, the fake 3.5% unemployment rate that all the shills keep repeating on camera overrides the ton of evidence showing the economy contracting

Interest rates should be going up, instead Trump again calls for rate cuts and pence said today it's the greatest economy in US history!

Radio silence on the endless QE and intervention from both sides. The single biggest issue for the US today and it's a non-issue

America is in great shape.

MAGA