Aug 27, 2022 — France’s President Emmanuel Macron, a former banker, warned “we are living the end of what could have seemed an era of abundance.” Western wars and sanctions are boomeranging back at home. The neoliberal phase of capitalism is collapsing.
Neoliberalism has lost the key pillars it was built on: cheap energy and raw materials from Russia, cheap labor and consumer goods from China, an unsustainable bubble of household debt, low to zero interest rates, and Washington’s ability to organize regime-change operations in any country where a government tried a socialistic or state-led economic model.
West’s neoliberal ‘age of abundance’ is over, as war and sanctions boomerang home via Multipolarista
Tag: QE
Calling a recession and blaming it on interest rates
The latest US GDP figures for second quarter of 2022 renewed the debate about whether the US economy was in a recession or not. Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive quarters, and so ‘technically’ (by that definition) was in a recession. Real GDP is now up only 1.6% from Q2 2021. And business investment is slowing, up only 3.5% from this time last year, the slowest rate since the end of the COVID slump in 2020.
Calling a recession and blaming it on interest rates
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019
By Pam Martens and Russ Martens: April 27, 2022 ~
As long-term readers of Wall Street On Parade know well, we have regularly warned that the failure of Congress to meaningfully reform Wall Street by restoring the Glass-Steagall Act poses a national security threat to our nation in times of crisis.
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019
Since the Fed Announced It Was “Tapering” Last November, It’s Actually Added $332 Billion in Liquidity with New Debt Security Purchases
By Pam Martens and Russ Martens: February 15, 2022 ~
If you’re wondering why inflation is running hotter than it has in 40 years and why St. Louis Fed President James Bullard has broken with protocol and is openly criticizing the Fed on television for falling behind the curve on inflation, here’s a key part of that story.
The Fed’s Federal Open Market Committee (FOMC) made its first announcement that it would begin “tapering” the amount of its purchases of Treasurys and Mortgage-Backed Securities (MBS) on November 3 of last year. On that date, according to the Fed’s own H.4.1 filing, it held $8.063 trillion in debt securities. As of last Wednesday, that figure had risen to $8.395 trillion or an increase (not decrease) of $332 billion in the span of just three months.
Since the Fed Announced It Was “Tapering” Last November, It’s Actually Added $332 Billion in Liquidity with New Debt Security Purchases
The reason the US wants war in Ukraine is ultimately all about the dollar
The West’s wasted crisis
A year that began hopefully is ending grimly. Western political elites, unable (and perhaps unwilling) to turn a deadly pandemic and climate crisis into a life-preserving opportunity, have only themselves to blame.
The West’s wasted crisis
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF
Peak Irony: Fed Paper Admits Fed Policy Can Lead to Economic Ruin
Peak Irony: Fed Paper Admits Fed Policy Can Lead to Economic Ruin – Peter Schiff’s Gold News
— Read on schiffgold.com/commentaries/peak-irony-fed-paper-admits-fed-policy-can-lead-to-economic-ruin/
Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash
By Pam Martens and Russ Martens: January 27, 2020 ~ According to the data made available on the public website of the New York Fed, since September 17,
— Read on wallstreetonparade.com/2020/01/fed-repos-have-plowed-6-6-trillion-to-wall-street-in-four-months-thats-34-of-its-feeding-tube-during-epic-financial-crash/
Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos.
— Read on news.bitcoin.com/despite-st-louis-branch-warnings-new-york-fed-pumps-108-billion-into-us-economy/
Ms. Cat’s Chronicles 