T-Room

The Best in Alternative News

Finance

Latest News

at

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…

at

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%…

at

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…

at

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…

at

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…

at

The $3.5 Trillion Monster Includes Biden’s Obscene Gifts to His Union Backers…

Nonunion workers make up nearly 90 percent of the US workforce. President Joe Biden is giving them the shaft. The massive $3.5 trillion budget bill Biden and Democratic lawmakers are trying to ram through Congress discriminates against nonunion workers, even forcing some of them to pay higher taxes than coworkers who joined the union…

at

House Democrats Quietly Insert a Ten-Fold Increase in OSHA Violations into 3.5 Trillion Human Infrastructure Reconciliation Bill…

Nancy Pelosi and the House Democrats are attempting to change the OSHA fines within the section of labor law that applies directly to the mandatory COVID vaccine. The scale of the fines is massive against any business that does not comply with the anticipated OSHA rule which is yet unannounced; and they are attempting to slip the OSHA change into the massive $3.5 trillion infrastructure bill…

at

Robert Kaplan Was Trading Like a Hedge Fund Kingpin for Five Years while President of the Dallas Fed; a Dozen Legal Safeguards Failed to Stop Him…

Dallas Fed President, Robert Kaplan, wasn’t just trading like an aggressive hedge fund kingpin in 2020, he’s been doing the same thing for five years at the Dallas Fed while simultaneously having access to non-public, market moving information from the Federal Reserve’s interest-rate setting FOMC meetings and other confidential communications…

This website lives off the kindness of your donations. If you would like to support The T-Room please visit our PayPal.

Any publication posted at The T-Room and/or opinions expressed therein do not necessarily reflect the views of The T-Room. Such publications and all information within the publications (e.g. titles, dates, statistics, conclusions, sources, opinions, etc) are solely the responsibility of the author of the article, not The T-Room.