Is the Fed Allowed to Finance U.S. Treasury Borrowings?
We have always written that the Fed is “the buyer of last resort for the US Treasury.” Therefore, concerns that other countries... Read More
A “ROGUE WAVE” Coming in the Financial Markets?
A rogue wave occurs seldom, although more frequently than had been thought. It can be 85 ft, high. It will shatter ships... Read More
Banks Squirm as Congress Moves to Cut the 6% Dividend Paid to them by the Fed
Did you know that the Federal Reserve pays an annual 6% dividend to its shareholders, i.e., the member banks of the cartel?... Read More
