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Pam and Russ Martens: A year later, we have no idea who got $9 trillion from the Fed
By Pam and Russ Martens
Wall Street on Parade
Monday, March 1, 2021
Beginning on September 17, 2019 -- months before there was any report of a Covid-19 case anywhere in the world -- the Federal Reserve turned on its money spigot to the trading houses on Wall Street.
By October 23, 2019, the Fed announced that it was upping these loans to $690 billion a week -- again, months before any report of Covid-19 anywhere in the world. Earlier in October 2020, the Fed had also announced that it would be buying back $60 billion a month in Treasury bills.
... Dispatch continues below ...
American Lithium Named
to TSX Venture Exchange Venture 50
via Globe Newswire and Yahoo Finance
Wednesday, February 24, 2021
VANCOUVER, British Columbia, Canada -- American Lithium Corp. (TSX-V: LI, OTCQB: LIACF, Frankfurt: 5LA1) has been named to the 2021 TSX Venture 50, an annual ranking of top-performing listed companies on the TSX Venture Exchange.
The 2021 TSX Venture 50 is an annual ranking of the top-performing listed companies from five industry sectors: clean technology and life sciences, diversified industries, energy, mining, and technology. The selection is based on year-over-year performance across three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume for the year ended December 31, 2020.
"We are very pleased to be recognized in the 2021 TSX Venture 50," said Michael Kobler, CEO of American Lithium. "The past year has seen American Lithium reach new highs as we continue to forge ahead on our large-scale TLC Lithium Project in Nevada and now that we have agreed to acquire Plateau Energy Metals to create a leading diversified lithium development company. On behalf of our Board of Directors, I thank our team at American Lithium for their hard work and our shareholders for their support along the way." ...
... For the remainder of the announcement:
Within a span of six months, the Fed had pumped out a cumulative $9 trillion in loans to Wall Street's trading houses, according to its own spreadsheets, with no peep as to which Wall Street firms were getting the bulk of that money. It's more than a year later and the American people still have no idea what triggered that so-called "repo loan crisis" or which Wall Street firms were in trouble or remain in trouble.
The Federal Reserve, as is typical, outsourced this money spigot to the New York Fed, which is literally owned by some of the largest banks on Wall Street. We wrote at the time the New York Fed was making these massive repo loans that this action was unprecedented in Federal Reserve history for the following reasons. ...
... For the remainder of the report:
Toast to a free gold market
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