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A Forensic Look at Jerome Powell’s “Pants on Fire” Explanation for His $1 Million to $5 Million Stock Sale…

On Monday, October 18, the fearless Robert Kuttner at the American Prospect, broke the news that Fed Chairman Jerome Powell had sold between $1 million and $5 million of the Vanguard Total Stock Market Index Fund on October 1, 2020, the same day that Powell had been on four phone calls with Treasury Secretary Steve Mnuchin, who was coordinating the White House response to the financial crisis resulting from the pandemic…

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Pandemic Wiped Out Entire Savings Of 20% Of U.S. Households…

While especially true for the top 1%, it is all the rich that have benefited from the Fed’s generous liquidity pump at the expense of the extinction of the US middle class – as the next chart shows, over the past 30 years, 10 percentage points of American wealth has shifted to the top 20% of earners, who now hold 70% of the total. The bottom 80% are left with less than 30%…

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IT’S CALIFORNIA’S GREEN NEW DEAL EMISSION STANDARDS CREATING THE EMPTY SHELVES AT YOUR LOCAL STORE…

The issues being discussed today relate to events that happened a long time ago. As a matter of fact, it was so predictable that Amazon, Walmart, UPS, FedEx, Samsung, The Home Depot and Target all had taken actions years ago -long before COVID- because they knew this day would come. It was not accidental that those companies showed up at the White House to discuss the issue, because there’s now a full court press to hide it…

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Merck Charging U.S. 40 Times What It Costs to Make Govt-Financed COVID Pill…

Merck’s new ‘not Ivermectin’ Covid-19 treatment, molnupiravir, costs $17.74 to produce – yet the company is charging the US government $712 for the treatment – a 40x markup, according to The Intercept, citing a report issued last week by the Harvard School of Public Health and King’s College Hospital in London…

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Never Thought I’d Post This Headline: Biden’s Soviet-Born Nominee for Comptroller of the Currency Thinks Fed Should ‘End Banking’, Admires USSR’s Economy…

Saule Omarova is a Cornell Law School professor who graduated from college in Moscow, where she attended on a scholarship named after Vladimir Lenin…She wrote a paper advocating for the Federal Reserve to take over Americans’ personal banking in order to have more policy clout against big banks…The agency she would oversee is tasked with regulating the country’s banks…

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