Reading
The Federal Reserve is not working for the people but for wealthy individuals and corporations that can afford to have a say in the rules.
The post Private Opulence and Public Squalor in the US appeared first on scheerpost.com.
You’re none of them.
Why did you click this link? You already knew that. You know who you are, and it’s not one of the fictional characters on HBO’s drama sensation Succession. You still are who you have always been and who you will forever remain: you. For better or for worse. Breathe. Accept this.
You are not Logan. You are not Shiv. You are not even that guy that Fisher Stevens plays who just sort of showed up at one point and then never left. You are the one who watches them, their silent witness, laughing and holding your breath and shaking your head in wonderment at their cruelty. And then, when the end credits roll, you must turn off the television, shut your laptop, and live your life. Because you are you. You are no one but you.
I don’t even need to ask you any questions to know. You don’t need to pick a dream house, or a vacation destination, or a favorite color, because the fact that you’re here, in our universe, reading this, means that you are not one of the imaginary Roys or one of their imaginary associates or adversaries. You’re you.
I don't usually link to podcasts without transcripts, but this is worth mentioning.
The MMT Podcast with Patricia Pino & Christian Reilly#162 Warren Mosler: Anatomy Of A Bank Run
Americans for Prosperity, a giant of right-wing advocacy, has strongly supported the Florida governor — but is lobbying against his plan to cripple journalists.
The post Exclusive: Two Koch-Backed Groups Speak Out Against Ron DeSantis’s Attack on Journalists appeared first on The Intercept.
Iran International: Alan Macleod reveals how a network of Western and Saudi interests converged to create the ultimate propaganda tool in a failed bid to overthrow the government of Iran.
The post Iran International: Inside the “Saudi-Funded” Network Promoting Regime Change in Iran appeared first on MintPress News.
EDITED BY PETER ORNER AND LAURA LAMPTON SCOTT
Still from a video by rapper Izo, leader of 5 Segonn, a well-known gang in Port-Au-Prince.
Jean Marseille recorded these dispatches on his phone while surviving on the streets of Port-au-Prince, Haiti, from October through December 2022. As the chaos that followed the assassination of Haitian president Jovenel Moïse in July 2021 devolved into further lawlessness, Jean witnessed firsthand a city in free fall.
Facing hundreds of renters at a meeting in parliament earlier this week, the new government housing minister Rachel Maclean promised a ban on Section 21 ‘no-fault’ evictions would become law by Autumn. ‘My civil servants will probably kill me for this—but yes,’ she said, in answer to housing journalist Vicky Spratt. Maclean, who in February […]
Co-authors: Vladimir Roudakov, Lisa McCray
The industry summits at DrupalCon are a great way to get the most out of your conference experience if you’re a government or higher education professional. Summits are full day sessions scheduled when there are no general conference sessions happening, so you won’t miss anything from the main event.
What are the registration details?
Although the Summits are part of the DrupalCon program, they are separate events and require a separate registration. There is also an additional cost associated with Summit registration. It’s an additional $250, and you can add a summit package to regular registration all through one convenient platform.
Even if they go to the Fed to borrow reserves at par of their USTs they don’t have the capital to support the increase in reserve assets they borrow from the Fed…iow if they are sitting there in compliance with SLR of 0.10 …. A-L=C…. Use the SVB reported numbers…. 200-180=20… (A-L)/A = 0.10 ….. ok everything is fine.. somebody comes in and tries to withdraw 20… they don’t have any reserves as RRR is 0%… they pledge UST assets at par to borrow 20 reserves from Fed… now 220-200=20 … (A-L)/A = 20/220 = 0.09 …. ie SLR drops below threshold due to the Fed transaction and they have to be shut down and everybody there gets wiped out with all the chaos… 🤔
Andy Vermaut shares:U.S. Banks are sitting on $1.7 trillion in unrealized losses, research says. That's not a problem—until it is: "As long as people aren't all coming in at the same time and demanding that their deposits back, you're okay,… https://t.co/6ZAbd2rwnf Thank you. pic.twitter.com/EXv2JFDE4r
Good!
MAGA take on the current crises….