‘Walk of shame’: Banks beg the Fed for money & may all fall in domino effect

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02-11-19 07:13:00,

RT’s Max Keiser sat down with publisher David Morgan to discuss the turmoil in the repo markets, which are already flashing red sirens, and how banks that are desperate for cash may come to insolvency one by one.

“If these banks, like JP Morgan or Deutsche Bank, are unable to settle trades because they don’t have the cash…then when the end of the quarter comes they’re gonna have to, by law, if there is the rule of law anymore, it’s an open question, announce that they’re insolvent. And therefore, they’re gonna set off the cascade… and [it] will be the continuation of the 2008 crisis, but much much worse,” Keiser told his co-host Stacy Herbert as they delved into exploding “debt bomb” that the Federal Reserve is trying to cover up in the repo market.

The rapidly increasing intervention into the repo market indicates that there is “obviously some insolvency” in the system, warned Morgan, the publisher of The Morgan Report, which covers economic news.He explained that the banks are required to have a certain reserve of cash on hand and if they don’t, they have to borrow overnight to meet this requirement. They may go to other banks to make their books square, but if other lenders turn them away, they have to ask the Fed as a last resort.

“That’s kind of telling that [in] the banking system at large, no bank would loan to me, because I don’t trust the bank that needs the money…So it puts some caution into the system,” Morgan said. “So it’s sort of the walk of shame to go to ask the Fed to borrow money when another bank or other banks won’t loan to you.”

Given that this could happen multiple times and because all the lenders are interconnected, the fall of one of the banks could cause a domino effect, like what happened when Austria Creditanstalt bank failed and initiated the Great Depression, Morgan said.

For more stories on economy & finance visit RT’s business section

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Empire SITREP – The “Collective West” betrays Julian Assange: SHAME! SHAME! SHAME!!! | The Vineyard of the Saker

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11-04-19 09:04:00,

As a thought experiment, picture what a true land of freedom and democracy might look like. A land where the citizens have rights that equal government’s or corporation’s. A land where the government listens and responds to what the people want, since in a democracy its the people who hold the power. A land of freedom where people can say what they want to say without fear, and artists and writers and vbloggers from around the world flock there to be a part of that.

Now, picture the places that the world’s self-proclaimed champion for Freedom and Democracy have left in its wake after its wars, coups and electoral interference campaigns. Kosovo, Kuwait, Haiti, Afghanistan, Iraq, Libya, parts of Syria, Honduras, Egypt, Sudan, Ethiopia, Ukraine, Brazil are a partial list. And of course we also see the actions of the countries with whom Uncle Sam has a ‘special relationship’. The UK is now violating international courts over the Chagos Isl (aka Diego Garcia) and arresting people out of embassies, while Israels murders protesters and tortures people and threatens everyone with war.

Of course, when you compare what the Yankees have left behind them to what an ideal of freedom and democracy should look like, it of course becomes obvious that what the Yankees and their allies stand for is pretty much the opposite of freedom and democracy.

I guess it was easy for me. I grew up during Vietnam. So, I knew both that the government wanted me to die as a draftee in their wars, and that the so-called DeepState really ran things. When unarmed protesters are shot down in Ohio, then pretty much every illusion of freedom and democracy falls from your eyes. Hopefully today will wake up some more.

If you see someone opening their eyes and acting like they just woke up, be nice to them, buy them a cup of coffee or the local beverage, and have a good conversation with an awake person.

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A Badge Of Shame: The Government’s War On America’s Military Veterans

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08-11-18 09:00:00,

Authored by John Whitehead via The Rutherford Institute,

For soldiers serving in Afghanistan and Iraq, coming home is more lethal than being in combat.” 

– Brené Brown, research professor at the University of Houston

Not all heroes wear the uniform of war.

In the United States, however, we take particular pride in recognizing as heroes those who have served in the military.

Yet while we honor our veterans with holidays, parades, discounts at retail stores and restaurants, and endless political rhetoric about their sacrifice and bravery, we do a pitiful job of respecting their freedoms and caring for their needs once out of uniform.

Despite the fact that the U.S. boasts more than 20 million veterans who have served in World War II through the present day, the plight of veterans today is America’s badge of shame, with large numbers of veterans impoverished, unemployed, traumatized mentally and physically, struggling with depression, suicide, and marital stress, homeless, subjected to sub-par treatment at clinics and hospitals, and left to molder while their paperwork piles up within Veterans Administration offices.

Still, the government’s efforts to wage war on veterans, especially those who speak out against government wrongdoing, is downright appalling.

Consider: we raise our young people on a steady diet of militarism and war, sell them on the idea that defending freedom abroad by serving in the military is their patriotic duty, then when they return home, bruised and battle-scarred and committed to defending their freedoms at home, we often treat them like criminals merely for having served in the military.

The government even has a name for its war on America’s veterans: Operation Vigilant Eagle.

As first reported by the Wall Street Journal, this Department of Homeland Security (DHS) program tracks military veterans returning from Iraq and Afghanistan and characterizes them as extremists and potential domestic terrorist threats because they may be “disgruntled, disillusioned or suffering from the psychological effects of war.”

Coupled with the DHS’ dual reports on Rightwing and Leftwing “Extremism,” which broadly define extremists as individuals,

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