March 14, 2021 ~ Wall Street Versus Workers
Senator Sherrod Brown (D-OH) delivered these remarks at the opening of the Senate Banking Committee hearing on March 4, 2021.
Senator Sherrod Brown
“The economy isn’t physics – it’s not governed by scientific laws outside our control. It’s made up of people making choices about our values and what kind of society we want […]
The Dark Money “Ring” of Charles Koch and Leonard Leo Gets an Airing
Before the U.S. Senate – Followed by a Mainstream Media News Blackout
By Pam Martens and Russ Martens: March 15, 2021 ~
Senator Sheldon Whitehouse (D-RI)
Last Wednesday, March 10, a Subcommittee of the Senate Judiciary Committee held a hearing of critical importance to every American on the growing tsunami of dark money that is corrupting the U.S court system, up to, and including, the U.S. Supreme Court. Senator Sheldon […]
Goldman Sachs Just Landed in the Cross-Hairs of the Senate Banking Committee
By Pam Martens and Russ Martens: March 16, 2021 ~
David Solomon, Chairman and CEO, Goldman Sachs
Less than five months ago, Goldman Sachs and its Malaysian subsidiary were criminally charged by the U.S. Department of Justice “for a sweeping
international corruption scheme, conspiring to avail itself of more than $1.6
billion in bribes to multiple high-level government officials […]
Janet Yellen’s Plunge Protection Team Has $142 Billion to Play With
By Pam Martens and Russ Martens: March 17, 2021 ~
Trading Floor at the New York Fed (Obtained by Wall Street On Parade from a Fed Educational Video)
Most Americans are unaware of the existence of the Exchange Stabilization Fund (ESF). Together with the Exchange Stabilization Fund (ESF) (New York Fed) it has morphed into the the U.S. Treasury Secretary’s Plunge Protection Team. Janet Yellen now sits atop her own Plunge Protection Team.
EXCHANGE STABILIZATION FUNDSTATEMENT OF FINANCIAL POSITIONAs of September 30, 2020
EXCHANGE STABILIZATION FUND STATEMENT OF FINANCIAL POSITION As of January 31, 2021
Bonds sell off as traders bet on faster growth, inflation.
Headlines: Obviously there are always two directions – Up and Down Every Day All Day Long
August 7 2020 https://twitter.com/ES_Operator/status/1291882024396103682
Bank of America says investors might start selling stocks and buying bonds sooner than expected and 42% of the euro investment grade bond market will start 2021 with negative #yields.
Nasdaq futures drop about 1% as bond yields spike.
U.S. bonds: 10-year Treasury yields tops 1.7% despite Fed reassurance.
Nasdaq slumps as bond yields surge
“Risk-free yield” is the financial equivalent of a perpetual motion machine. It doesn’t exist and it can’t exist. With sovereign bonds, the risk is the exchange rate if they can print the fiat to avoid default. No risk, no yield.