By Pam Martens and Russ Martens: October 27, 2022
At Fed Chair Jerome Powell’s press conference on September 21, he made a remark that went unchallenged by the bevy of reporters in attendance. Powell said this:
Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008
Tag: financial crises
Interest rate hikes leading to recession, UN says
The United Nations has added its voice to the growing list of international organisations, including the World Bank and the World Trade Organisation, warning that interest rate hikes imposed by the US Federal Reserve are creating the conditions for a financial crisis and global recession.
Interest rate hikes leading to recession, UN says
NPR is Not Your Friend
NPR is a problem. Good and proper leftists who read Current Affairs may already realize this. “Of course. NPR (Neoliberal Propaganda Radio) is a bastion of establishment groupthink and orthodoxy that gives cover to imperialism and corporate capitalism.” By contrast, readers on the Right who find themselves consuming Current Affairs may have an equally disdainful but entirely different critique. “Of course. NPR is an elitist liberal propaganda cult that serves as a mouthpiece for the Democratic Party, is openly hostile to any conservative voices, and ought to be defunded!”
NPR is Not Your Friend
The Expected Financial Crash Is Finally Here
When two experienced economy and finance analysts, who both correctly predicted the derivative crisis of 2008, again warn of an imminent crash one better listens up.
The Expected Financial Crash Is Finally Here
Previously:
What’s wrong with the USA?
China has been, variously described as a rising power, a sleeping dragon and a collapsing economy. Most of the rhetoric is driven from the US. Inside their government, both the Senate and Congress have anti-China hawks, their State Department seems to see a threat at every turning point and their military seems to believe that a defensive People’s liberation Army is a bad thing as it threatens US interests. Books reports and documentaries are created about mass dissatisfaction which extended academic research seems unable to identify.
What’s wrong with the USA? (archived)
During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful (and nothing will change with Biden)
Last Thursday evening, Justice Department Attorney General, Merrick Garland, held a brief press conference to announce that he had asked a federal court to unseal the search warrant and inventory receipts filed in connection with the FBI’s search of Donald Trump’s Palm Beach oceanfront home and beach resort, Mar-a- Lago. As part of his statement to the press, Garland said this:
“Faithful adherence to the rule of law is the bedrock principle of the Justice Department and of our democracy. Upholding the rule of law means applying the rule of law evenly, without fear or favor.”
During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful
Related:
“No one’s standard of living will change,” said Biden. “Nothing would fundamentally change.”
Jeffrey Sachs: “Dangerous” U.S. Policy & “West’s False Narrative” Stoking Tensions with Russia, China
The energy crisis will divide Europe
The energy crisis will divide Europe
German economic power is waning, and with its industrial base getting weaker and its population poorer, the willingness to support other members of the Eurozone will be more limited. This is not a recipe for stability, and it seems more likely than not that European solidarity is already past its high point.
The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal, One Day After Five Senators Accuse Him of Hampering the Investigation
By Pam Martens and Russ Martens, July 15, 2022
Yesterday afternoon, Mark Bialek, the Inspector General of the Federal Reserve, released a memorandum clearing Fed Chair Jerome Powell and former Fed Vice Chair Richard Clarida of wrongdoing in the trading scandal that has engulfed multiple officials of the Federal Reserve.
The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal, One Day After Five Senators Accuse Him of Hampering the Investigation
Related:
Debt Traps & Terrorism: The Roots of Sri Lanka’s Crisis
by Brian Berletic
The island nation of Sri Lanka, located south-southeast of India in the Indian Ocean has suffered economic and now political chaos that has grabbed international headlines.
Debt Traps & Terrorism: The Roots of Sri Lanka’s Crisis
Previously:
Sri Lanka ‘Uprising’ Is Not What You Think. Sri Lankan Activist Explains The Politics
Ms. Cat’s Chronicles 
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