Tag Archives: economy

Repo Redux

03 Monday Nov 2025

Posted by in Legal/Political Columns

≈ Comments Off on Repo Redux

Tags

, , ,

And just like that, we’re back to the good old days of fall 2019. Once again, the banks have never been healthier!

Federal Reserve liquidity facilities caught fire on Friday as month-end pressures pushed a key lending tool to a record level of usage.

The Fed’s Standing Repo Facility lent a total of $50.35 billion on Friday to eligible financial firms in two separate availabilities, the highest-ever usage since the tool was put in place in 2021 to provide fast loans collateralized with Treasury or mortgage bonds. At the same time, financial firms also parked a considerable amount of cash on Fed books, with the reverse repo facility seeing inflows of $51.8 billion.

Ah! “Loans,” yes, yes. And the 2021 system was put into place after the 2019-20 mania, C19 hoax and all, and the sometimes daily “loans” totaling well over $100 billion. And let’s not forget the C19 hoax stimulus checks from Kongress (not the Fed Repo window): $1k for you, $1.5T for the commercials.

Why? Now, they’re just saying “a variety of reasons.” LOL. Who, really, knows or even cares at this late hour. I’m sure this is nothing a war with Russia, China, Iran, Venezuela, Nigeria(???) won’t cure.

Another “Conspiracy Theory” Laid to Rest

08 Sunday Sep 2024

Posted by in Legal/Political Columns

≈ Comments Off on Another “Conspiracy Theory” Laid to Rest

Tags

, ,

As we all know, the “Great Replacement” is a conspiracy theory, probably pushed as part of a Russian disinformation campaign to undermine the very honest GAE electoral charade and circus. Democracy. Free speech. Constitution. Hocus pocus. Only domestic extremists and foreign terrorists (backed, no doubt, by Iran) believe in this nonsense. Please pay no attention to all of the evidence that you, stupid insouciant ‘Murican, what’s left of your economy, and now, your damned job are in fact being replaced.

No need to call for punitive sanctions – you’ve been under those since 1965.

Blood Money

06 Saturday Apr 2024

Posted by in News and Notes

≈ Comments Off on Blood Money

Tags

,

Here’s a list of some American-Western companies profiting from the Gazacaust. It’s about what one would expect. However, it leaves off the banks and funds that always make money killing people. Note that it would be hard to boycott many of these companies without a direct boycott of the GAE government. Maybe that comes later.

It’s Not Just “Feeling” Tricked

10 Saturday Feb 2024

Posted by in Legal/Political Columns

≈ Comments Off on It’s Not Just “Feeling” Tricked

Tags

, , ,

Gen Z and younger ‘Murcians WERE tricked by many, many lies. Perhaps only second in terminal magnitude to the lies about ditching Christianity and the traditional family are the lies about college, education, and employment. While the situation is bringing them to tears it is also bringing the US to disintegration.

Many major employers have dropped their long-held degree requirements; meanwhile, recruiters globally are now five times more likely to search for new hires by skills over higher education. Even LinkedIn has echoed that the hottest skills to land a job right now can’t be learned in a textbook.

“I was so upset and disappointed in myself because growing up, I was told that if I get an education, if I go to college, then I’ll be successful,” Santos told Business Insider—and she’s not the first Gen Zer to complain about feeling tricked into pursuing further education.

The solution, to be implemented via the three steps I’ve previously outlined, is a Jubilee. Now. I’m sure one of the witches, felons, liars, or incompetents vying for your electoral attention this year will address this with a hard plan shortly. In the meantime and as to these Gen Z kids in big blue cities, maybe show up at the “refugee” handout center, sans ID, and pretend to speak no English. The paid dignity of work in the USSA is gone, so why not try the looter’s way? Come to think of it, the time may be right for all of us to start identifying as “refugee$”.

Understanding the Surprises Without Fear

01 Thursday Feb 2024

Posted by in Legal/Political Columns

≈ Comments Off on Understanding the Surprises Without Fear

Tags

, ,

In the GAE, the commercial banks and the federal reserve control the state and society on behalf of their masters. In Russia, the banks, some of them partly state-owned, answer to the public Bank of Russia. The BOR answers to the Kremlin and ultimately to Vladimir Putin. Things are different and work better. Within this relationship, while speaking to bankers, urging them to start operations in new territories (Crimea, Sevastopol, etc.), Putin observed that the worst Russians feared – Werewestern sanction – has already happened and has been a blessing.

“Что касается банков, то просил бы обратить внимание наших коллег, они нас услышат наверняка: бояться нечего. Все и так — то, чего боялись раньше, санкций, — все уже случилось, чего бояться-то. Надо заходить на эти территории активнее и работать там”, — сказал он.

ENG (auto):

““As for banks, I would ask our colleagues to pay attention, they will hear us for sure: there is nothing to fear. That’s all and so — what they were afraid of before, sanctions, — everything has already happened, why be afraid. We must go to these territories more actively and work there, “— he said.

Why be afraid? The Russian spirit is not given to fear.

I’ve started reading La Défaite de l’Occident (The Defeat of the West) by Emmanuel Todd. I already highly recommend it, though for now, I think it is only available in French. In his introduction, Todd notes ten surprises from Russia’s successful SMO which portend much for the whole world in these new post-post-modern times. The fourth surprise is the resilience of the Russian economy (again, different and better). Really, the eighth surprises is related to Russian economic ability too. He also gets right into what and who brought down the West, particularly the USA.

Translated from French, from P. 27:

The implosion, in stages, of WASP culture – white, Anglo-Saxon and Protestant – since the 1960s has created a private empire of center and project, an essentially military organization led by a group without culture (in the anthropological sense) which no longer has any fundamental values other than power and violence. This group is generally referred to as “neocons”.

Strong words, popular euphemism! He goes on to note that war, or an SMO (or WWIII), is a reality test.

Again, translated, from P. 35:

War takes us to the other side of the mirror, into a world where ideology, statistical illusions, media failures and the lies of States, without forgetting the delusions of conspiracy, are gradually losing their power. A simple truth will emerge: the Western crisis is the driving force behind the history we are experiencing. Some knew it. At the end of the war, no one will be able to deny it anymore.

No denial, and let the lies and illusions melt away. Why be afraid?

The Obvious Alternative

10 Tuesday Oct 2023

Posted by in News and Notes

≈ Comments Off on The Obvious Alternative

Tags

, , ,

Michael Hudson speculated about what the BRICS+ non-currency will look like.

John Maynard Keynes proposed an alternative to holding dollars – something like an anti-Bretton Woods. His aim was to avoid US financial dominance by creating a fiat currency, the bancor. That was not a form of international money, but had a special purpose as an asset of “paper gold,” akin to what the IMF later introduced as Special Drawing Rights (SDRs) in response to the US Government itself needing a bailout as its foreign military spending pushed its balance of payments deeply into deficit during the 1970s war in southeast Asia. Bancors or SDRs could be issued to countries running balance-of-payments deficits to pay payments-surplus countries.

The distinction between a “BRICS currency” and a “BRICS bancor”
This is the problem that the BRICS+ and Global South countries are trying to solve today. The popular press has confused matters by referring to a “BRICS currency.” It is not a currency like the euro or the ruble or renminbi. It is not a currency that anyone could spend at the grocery store or to pay rent. It is not “money” as generally understood. It is not a currency that can be traded on foreign-exchange markets, and certainly cannot be bought by speculators (although they could gamble on what it might exchange for, something like betting on a horse race without having a horse or jockey in the race).

Domestic money, like the dollar or euro, ultimately derives its value from being accepted by national governments in payment of taxes or other transactions with the public sector. That makes such money fungible. Money in that sense can be thought of as a public utility. But providing such currency for a number of countries requires a common government, fiscal authority and legal system. If the currency is to be issued by a number of countries – like the euro – it therefore requires a political union empowered to allocate who gets how much of the currency. No such political foundation yet exists for the BRICS. In President Putin’s words, countries are “at different stages of development.” More to the point, their mutual trade and investment is nowhere near in balance at present. That imbalance is the major problem to be solved, just as it was in 1944-45. It is a balance-of-payments problem, not one of financing domestic government budgets and spending.

Read the whole thing.

UB850

15 Tuesday Aug 2023

Posted by in Legal/Political Columns

≈ Comments Off on UB850

Tags

,

Remember UB40? The 1980s? No? Me neither. But, here’s a story about UBI in the GAE, a story that suggests money giveaways may “work”.

‘It helps with my stress’: US basic income project shows signs of success
Georgia pilot gives 650 predominantly Black women $850 a month for two years, no strings attached – and it seems to be working

…

And for the pilot, it means preliminary data is now available showing the effectiveness of guaranteed income as a means of combating poverty in Georgia – slightly more than half the women have saved some money, compared to none at the project’s outset; three times as many women have been able to afford childcare; and the share of women whose cell phone service was interrupted due to unpaid bills dropped from 60 to 40 %.

These and other findings come as more than 100 projects centered on giving cash with no restrictions or requirements have started in the last several years, leading a group called Mayors for a Guaranteed Income to launch a nationwide speaking tour in recent weeks, screening a new documentary on these efforts called It’s Basic.

Researchers say the growing body of evidence from guaranteed-income projects has the potential to spur a reevaluation of how government can more effectively create a social safety net for historically-marginalized populations.

I know what you’re thinking: It was “Red Red Wine”. The former conservatarian me might have scoffed at this program, successful or otherwise. However, now that it is obvious the GAE’s economy and, indeed, its very monetary base has been utterly destroyed and people have nothing … maybe this is a good idea. It’s not as good as, say, a Jubilee, but it’s something.

Those tempted to scoff would do well to consider there literally is no money left in the GAE economy, that it’s all smoke and mirrors, and if some of the smoke helps the people, then it might be a decent thing. Will it last? Can it? Most certainly not. But none of it will go on much longer. As such, here’s wishing these ladies well. May they make the most of it.

The Booming Economy

28 Friday Jul 2023

Posted by in Legal/Political Columns

≈ Comments Off on The Booming Economy

Tags

, , ,

Unlike the economies of the USSA and other ZATO countries, the Russian economy is flying high. In direct weapons production alone, the Russians immediately require 16,000 new employees.

The Russian military-industrial complex could use over 16,000 more specialized workers, but has nonetheless managed to ramp up production of certain weapons, Trade and Industry Minister Denis Manturov announced on Monday.

“Since the beginning of this year, for many types of weapons and special equipment, much more has already been produced than for the whole of last year,” Manturov told a conference in Nizhny Novgorod.

“Speaking about weapons, we are now reaching a level at which deliveries in just one month exceed the total order of last year,” he added.

I, of course, know of no one who is looking to relocate to Russia. However, if anyone is, then this might present an employment opportunity. Given the nature of the work, I expect that direct involvement in line production might be either off-limits or severely controlled. Yet other ancillary work may be readily obtainable. These really are what boomers and repibliCONS like to call “good jobs”. High pay. All kinds of perks. And they come with the sense that they help the worthwhile cause of defeating globohomo.

Z.

Time’s Up

26 Wednesday Jul 2023

Posted by in Legal/Political Columns

≈ Comments Off on Time’s Up

Tags

,

Please watch this young man run through a quick inflation calculator exercise to prove ‘Muricans today are in worse shape than their ancestors were during the 1930s. The calculator he used, and all of them, are a little rigged. His $95K number is shocking enough, though I have reliably calculated something closer to $300K. Either way, as Karl Denninger points out, this thing has run its course.

B-b-but, I’m sure your precious election next year will save you.