The world’s richest nations are out of fiscal options. Even The Economist now admits debt can’t be repaid and growth won’t fix it. When governments inevitably inflate away currencies, where does that leave their citizens?…
Federal Reserve Quietly Pumps $29.4 Billion Into Banking System…
In the middle of the night, while most Americans were asleep, the Federal Reserve injected $29.4 billion into the U.S. banking system. It was a “repo operation” — short for repurchase agreement — a mechanism the Fed uses to lend cash to banks in exchange for collateral, usually Treasury securities…