The Fed’s specialty is propaganda through data, with a long record of failure. This is by design. Their communication tools must work in overtime, particularly in the face of a decision like this, to avoid “spooking markets”, though this veneer is easy to see through.
When Breitbart’s own singer/songwriter Jon Kahn sat down at the piano recently, he had one simple thought: What kind of man could withstand the relentless barrage of attacks that have been leveled at former President Donald Trump? The answer was as simple as the question: a FIGHTER.
The post ‘If He Can Take a Bullet, I Can Write a Song’: ‘American Heart’ Singer/Songwriter Jon Kahn Releases Trump-Inspired ‘Fighter’ appeared first on Breitbart.
For cosseted, empty-headed third-rate thinkers like the average talking head, Trump is a threat to democracy not because of anything he’s actually done but because he’s a threat to rule by people like them.
Banking systems around the world have huge effects on our lives, yet few people understand how banks work. Worse yet, even fewer understand the malign powers of central banks and how this system undermines economies. Thus, it is important to demystify these systems.
Can you understand how it can be that the Federal Reserve, the world’s greatest and by far most important central bank, has now lost the astounding sum of $193 billion? If not, you are surely not alone. Since September 2022, the Fed has lost money every month. These unprecedented losses continue, and this fall…
by Harley Schlanger, LaRouche Organization: The imperial oligarchy is unwilling to give up, without a fight, the special privileges they have established, which has made them rich. That is why there is a NATO war against Russia, and threats to China. Those two countries are leaders of the BRICS alliance, which is committed to ending […]
Hezbollah chief Hassan Nasrallah will make an address on Thursday, a statement from the Iran-backed group said, after hundreds of pagers used by his movement’s members exploded across Lebanon. Nasrallah will speak at 5:00 pm (1400 GMT) on Thursday in a speech addressing “the latest developments”, the group’s statement on Wednesday said.
The post Hezbollah chief to make address Thursday after pagers blasts appeared first on Insider Paper.
Biden’s Department Of Energy Short On Cash To Refill SPR At Low Prices
By Charles Kennedy of OilPrice.com
The price of the U.S. WTI crude oil has finally stayed in the low $70s per barrel for a sustainable period of time, allowing the Biden Administration to ramp up the refill of the Strategic Petroleum Reserve (SPR), which it had said would do at prices of $79 a barrel or below.
WTI Crude is now at $70 per barrel as of Tuesday morning, after spending days below that threshold.
But the Energy Department has just $841 million left to buy crude for the SPR, Bloomberg reported on Tuesday, citing an estimate by ClearView Energy Partners, a consulting firm. That money would be enough to buy only around 12 million barrels of crude at today’s prices, per Bloomberg’s calculations.
This would be a drop in the ocean, considering that the SPR is only just over half full compared to its capacity of 700 million barrels.
DOE’s Office of Petroleum Reserves has recently announced a call for bids to supply up to 1.5 million barrels of oil to the Bayou Choctaw site in January 2025. An additional solicitation will follow on August 12, 2024, for another 2 million barrels destined for the Bryan Mound site, also for delivery in January 2025.
The replenishment strategy comes in the wake of the SPR’s critical role in stabilizing the market during global supply disruptions, notably the release of more than 180 million barrels of oil from the SPR starting in 2021, as gasoline prices remained high. The Department of Treasury claims that these releases, along with coordinated international efforts, helped reduce gasoline prices by up to 40 cents per gallon in 2022.
The SPR currently houses 375 million barrels of crude—a figure that is 263 million barrels less than oil in the SPR at the beginning of President Joe Biden’s term in office. The SPR, capable of storing as many as 714 million barrels of crude oil, is kept in underground salt caverns at four sites in Texas and Louisiana and was designed to protect the economy and American livelihoods during oil shortages.
Tyler Durden
Wed, 09/18/2024 – 06:30
The Fed is desperate for you to think that “this time is different.” Unfortunately, Powell can’t seem to come up with explanation of why that is the case.
After Trump narrowly escaped another assassination attempt, the establishment seems uninterested in the motives of the would-be shooter. Perhaps that’s because he’s echoing the same simplistic narratives about the Ukraine war and Trump that they demand we all believe.
