from Arcadia Economics:
TRUTH LIVES on at https://sgtreport.tv/
from reallygraceful:
TRUTH LIVES on at https://sgtreport.tv/
by Scott S. Powell, American Thinker:
America in the twenty-first century has been on an accelerating descent not unlike what befell ancient Rome. For some four centuries Rome’s Senate and constitution provided continuity which sustained the Roman Republic through various challenges. But in the end, what befell Rome from barbarian invasion, political corruption, and mobs that were manipulated and used by its Caesars, was a rampage against reason and freedom, leading to the Republic’s demise and transition to a centralized imperial authority under emperors.
by Pam Martens and Russ Martens, Wall St On Parade:
Tomorrow at 9:30 a.m., the CEOs of the eight mega banks on Wall Street will take their seats at a hearing called by the Senate Banking Committee as part of its annual nod to the pretense that it is providing oversight of these inscrutable Frankenbanks.
Among the gang of eight will be Jamie Dimon, Chairman and CEO of JPMorgan Chase, the largest bank in the United States with a rap sheet that makes a mockery of U.S. rules for maintaining the safety and soundness of banks.
by Peter Schiff, Schiff Gold:
Unrealized losses on securities held by US banks exploded by 22% in the third quarter.
Of course, unrealized losses don’t really matter — until they do.
This is yet more evidence that the financial crisis that kicked off last March continues to bubble under the surface.
Unrealized losses, primarily on US Treasuries and mortgage-backed securities rose by $126 billion in Q3 and now total $684 billion, according to the FDIC’s quarterly bank data release.