Government Cuts $5.5 Billion from Food Stamps Over Five Years, but Gives Banks $300 Billion in Only Three Months

The Federal Reserve is quietly pumping big money into the banking system by way of the market for repurchase agreements (the repo market). In September, this sector—which connects institutions with cash to institutions in need of quick cash (short term loans)—went suddenly dry, and interest rates on short term debts spiked from around 2 percent to 10 percent. To normalize interest rates, the Fed began pumping cash into market by purchasing stagnant paper (treasury bills…
— Read on www.thestranger.com/slog/2019/12/05/42180283/government-cuts-55-billion-from-food-stamps-over-five-years-but-gives-banks-300-billion-in-only-three-months

Fuck them!

Recession ahead: China won’t bail US out this time (Full show)

5 Nov, 2019 01:28 / Updated 7 hours ago

Recession ahead: China won’t bail US out this time (Full show)

Rick Sanchez explains why the Federal Reserve’s recent behavior seems to indicate a looming recession. Beijing bought trillions of dollars in US debt in 2009. Would China again rescue the US from economic oblivion? Sourabh Gupta of the Institute for China-America Studies joins Rick Sanchez to share his expertise.

President Trump has announced that he intends to “secure the oil” in Syria. US media was largely uncritical of the move while the Defense Department confirmed that the US military would be protecting the oil “from ISIS and others.” RT America’s Michele Greenstein has the details.

Then former Pentagon official Michael Maloof offers his analysis. Senior airlines officials plan to fly in the Boeing 737 MAX 8 aircraft in an attempt to rebuild consumer confidence in the company. RT America’s John Huddy reports. Plus, RT America’s Trinity Chavez reports on a lawsuit against a fertility clinic by a man who says it used his sperm to beget 17 children.