Banks

Rep. Jim Banks Says Nancy Pelosi Was Responsible for Security Breakdown on January 6

Rep. Jim Banks, one of the Republicans barred from the January 6 Committee by Speaker Nancy Pelosi, has accused her of being responsible for the breakdown in security during the protest at the Capitol that day. Appearing on Fox News Sunday, Banks asserted that “Due to the rules of the United States Capitol, the power…

Pelosi Rejects McCarthy’s GOP Picks Jim Jordan, Jim Banks For January 6 Committee

House Speaker Nancy Pelosi on Wednesday rejected two of McCarthy’s Republican picks for her highly partisan January 6 committee. Earlier this week GOP House Leader Kevin McCarthy released his pics for Pelosi’s sham Jan. 6 select committee:The five included: Jim Banks (ranking member) Jim Jordan Rodney Davis Kelly Armstrong Troy Nehls Pelosi rejected GOP Reps….

GOP Leader McCarthy Pulls His 5 Republican Members From Jan. 6 Committee After Pelosi Rejects Jordan, Banks

New: GOP Leader McCarthy Pulls His 5 Republican Members From Jan. 6 Committee After Pelosi Rejects Jordan, Banks Tap here to add The Western Journal to your home screen.

Holds Presser, Trashes McCarthy and GOP Reps, Says She Agrees with Pelosi for Blocking Jim Jordan and Jim Banks from Jan. 6 Commission

LIZ CHENEY GOES ROGUE: Holds Presser, Trashes McCarthy and GOP Reps, Says She Agrees with Pelosi for Blocking Jim Jordan and Jim Banks from Jan. 6 Commission Tap here to add The Western Journal to your home screen.

Banks Now Dictating What Customers Are Permitted to Purchase with Their Own Money

Banks are now dictating what you can and cannot purchase with your own money. Banks are now making purchasing decisions for their customers. Meanwhile, governments have policies to make it very difficult for you to avoid using financial intermediaries whose policies dictate how you can spend your money. The war on cash is about forcing…

Small EU Firms Hold Mountain Of Debt, Could Be Next Major Headache For Banks 

The European Union is doing the same as they did in 2008-09, extend and pretend, dishing out cheap loans to businesses and hoping for a recovery.  What’s worrying today is that excessive optimism comes as European governments invest in the recovery by increasing public spending as the central bank keeps rates low and floods capital…

Argentina Central Bank’s Sudden Dollar Shortage Sparks Fears Of Mass Corporate Credit Crisis

By Tyler Durden Despite Emerging Markets’ recent surge higher on the heels of a dumping dollar and massive global liquidity injections, at least one country is facing crisis rather than crescendo. MSCI Emerging Market stocks have soared… Source: Bloomberg YPF, a 99-year-old oil company that some have called Argentina’s flaghship company, is threatening a large-scale…

"Simply Insane" Central Banks Attack Cryptocurrencies

Authored by Daniel Lacalle, The main central banks of the world are increasing money supply in an uncontrolled and unjustified way in what is so far the largest transfer of wealth from savers to governments ever. While savers see their deposits disappear with negative real rates and devaluations, while central banks seek at all costs to…

Lagarde Pushes ECB To Shun Fossil Fuel Bonds As Central Banks Embrace "Green" Future

Later this year, the ECB will meet for a grand strategy review. Expected to be one of the most consequential policy reviews for years to come, the central bank could opt for changes to its inflation target (some doves have proposed following in the footsteps of the Fed by loosening the ECB’s inflation target) as…

Here Are All The Banks That Paid Janet Yellen $7.3 Million In Speaking Fees In The Past 2 Years

When openly bribing a politician, financier or any other power figure is too – how should we put it – illegal, there is a well-known loophole that has been used for decades to circumvent the straight to jail hazard: the old “pay for speeches” shortcut, where otherwise boring, insipid and uninspirational figures who have nothing…

Cost Of Doing Business: Big Banks Have Paid $195 Billion In Fines Since 2000

By Tyler Durden Often times when the “too big to fail” banks are caught with their hands in the cookie jar (or placing the entire global economy on the precipice of collapse, as was the case in 2008), nobody goes to jail and the banks wind up paying a hefty fine and putting the “youthful indiscretions”…

Morgan Stanley: We Are Bullish Because Central Banks Will Inject Another $2.8 Trillion Of Liquidity In 2021

By Matthew Hornbach, chief rates strategist at Morgan Stanley Liquidity. It’s What’s For Dinner With futures contracts tied to the price of water starting to trade last week, this seems a good time to take a look at the impact of liquidity. Liquidity means different things to different people, so before digging in, let me…

For The First Time Ever, Millions Of Working-Poor Americans Forced To Turn To Food Banks

By Tyler Durden For the first time, millions of Americans waited in food bank lines this year, unlike anything seen since the Great Depression of the 1930s. According to AP, as the pandemic rages on, with more than 20 million still claiming unemployment benefits, food banks are dishing out more meals than ever. The one place…

Here’s How Central Banks Will Finally Unleash Inflation: The Shenzhen Case Study

Back in 2009, when the Fed first launched QE, a majority of traders and strategists were convinced that the Fed would spark an inflationary inferno as a result of the hundreds of billions of dollars (back then, that was a big number) of liquidity injected into markets and which – using the Weimar Republic as…

Unprecedented Lines At Food Banks Cause Waits Of Up To Five Hours

By John Vibes In the week leading up to Thanksgiving, food banks across the United States have seen unprecedented lines with struggling families hoping to get some help for the holidays. A report from the Rhode Island Community Food Bank estimated that roughly as many as 1 in 4 households in the state was facing…

House Down Payments Soar To 20 Year High As Banks Crack Down On New Loans

American homebuyers have to pony up even greater amounts of money for a down payment due to tightening credit standards and skyrocketing home prices.  According to Bloomberg, citing a new report from Attom Data Solutions, the median down payment for a single-family home is $20,775 for the third quarter, the most in at least two decades…

Central Banks To Add Liquidity Worth 0.66% Of Global GDP On Average Every Month In 2021

Earlier we discussed why Morgan Stanley’s chief equity strategist Michael Wilson voiced concerns about the continuation of the “overcooked” equity rally, expecting a drawdown into year end for the simple reason that “both fiscal and now monetary policy have become reactive rather than proactive. For markets, that becomes the itch that needs to be scratched–i.e….

China’s Financial Distress Floods Shadow Banks As Trust Giant Scrambles For Liquidity

The wave of financial distress flooding China’s corporate sector, which has seen a furious selloff in bonds following the unexpected default of several state-owned enterprises, is spilling over into a key financing conduit used by China’s giant shadow banking sector — the trust industry. As Caixin reports, Huaxin Trust Co. one of 68 companies licensed…

Why Big Banks Are Bullish on Bitcoin Now!

By Neenah Payne The following articles show the sea change happening now as big banks hop on the bitcoin bandwagon! The Forbes October 26 article Why America’s Biggest Bank Is Suddenly Very Bullish On Bitcoin says: JP Morgan, the largest U.S. bank by assets, has this year softened its previously harsh tone on bitcoin. The…

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