May 26, 2023

Government by slush fund

The U.S. General Fund, also called the Treasury General Account (TGA), pays the expenses and expenditures of all federal entities.  The payments are cash transfers made by the New York Fed at the direction of the Bureau of the Fiscal S...

May 7, 2023

Keeping up with the Fed’s Debacles

Defaults on commercial real estate (CRE) properties have surged to a new high unseen since the global financial crisis (GFC) of 2008-9. Major companies with hundreds of billions of dollars in assets have chosen to default on billions of dollars of mo...

March 18, 2023

A milestone on the road to financageddon

Yesterday, the U.S. Big Banking Cartel announced its intention to provide $30 billion in unsecured deposits to First Republic, an action without precedent in their history.  This brings to the fore the issue of TBTF — Too Big To Fail ...

November 7, 2022

The Fed is hemorrhaging money

The enormous daily losses of the Federal Reserve System require a scale for context to be understood.  The scale we will use is the budgeted cost of the U.S. armed forces for 2022, including the Air Force, the Navy, the Army, the Space Forc...