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Is the Run on the Dollar Due to Panic or Greed?

Is the Run on the Dollar Due to Panic or Greed?

    by Ellen Brown What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they shot up to over 5% on September 16 and got as high as 10% on September 17. Yet banks were refusing to lend to each other, evidently […]

The coming catastrophic collapse of the middle class

The coming catastrophic collapse of the middle class

By Jack Mullen | 17May2016 | The Government Rag “Is there no danger to our liberty and independence in a Bank that in its nature has so little to bind it to our country. The president of the Bank has told us that most of the State banks exist by its forbearance. Should its influence […]

Yellen Takes Off Training Wheels

Yellen Takes Off Training Wheels

By Chip Bok Bokbluster.com   Janet Yellen took the training wheels off the economy on Wednesday. After seven years of near zero percent interest rates, the Fed hiked rates a quarter percent. Meanwhile, Congress passed a 2,000 page,  1.2 trillion dollar budget. That tacked another 157 billion onto the 18.5 trillion dollar national debt. Yellen On Friday the Dow […]

IMF to make Chinese yuan reserve currency in historic move

IMF to make Chinese yuan reserve currency in historic move

Cartoonist Chip Bok: Fed Up

Cartoonist Chip Bok: Fed Up