from David Dees:
Will the Fed’s 0.9% equity capital balance sheet limit QT?
by Dan Kurz, DK Analytics.com:
It really is absurd, isn’t it, the Federal Reserve cabal’s balance sheet? 0.9% equity capital or debt that is 111x equity. A closer and broader look (and a follow-up of sorts): That leverage spells huge Fed exposure to rising bond yields/falling bond prices. Same bonds’ durations — how long it takes for an investor to be repaid the bond’s price determined by the bond’s total cash flows — are particularly lengthy given (artificially) low interest rates and the associated lofty valuations or “bubbles.” Those bubbles, or valuations divorced from constructive capital preservation and sound return prospects, are thanks to nearly a decade of globally-orchestrated financial repression that has pushed bond yields to historic lows, in the process eviscerating price discovery and thus free market capitalism-based pricing.
In the ultimate financial deformation, as of January 2018, globally speaking there was over $7trn in negative yielding “Frankenstein” bonds; in other words, creditors who are PAYING for the right to lend their money to debtors! Those bonds’ twilight zone valuations stand to be crushed by a sustained rise in interest rates given their extreme valuation sensitivity to rising interest rates; call them “zero-coupon bond bastard cousins,” i.e., bonds were YTM would move to zero from a negative return!
by Patrick Howley, Big League Politics:
The Federal Bureau of Investigation (FBI) under director James Comey carefully plotted logistics and security for President Bill Clinton’s meeting on an airplane tarmac with then-Attorney General Loretta Lynch during the 2016 campaign.
The FBI then attempted to cover up the tarmac meeting by targeting a Bureau whistleblower. The FBI worked with its offices around the country to execute the plan.
Breaking Judicial Watch emails (READ THEM HERE) show an FBI plot to cover up Bill Clinton’s meeting with Lynch, which Lynch claimed was just about golf and grandchildren.
If you think Trump is a joke and #Q is a LARP, you’re simply not paying attention. President Donald J. Trump just dropped the bomb on pedophiles and sex traffickers with this official statement on Whitehouse.gov: “President Donald J. Trump is Working to End Human Trafficking – My Administration will focus on ending the absolutely horrific practice of human trafficking. And I am prepared to bring the full force and weight of our government, whatever we can do, in order to solve this horrific problem. President Donald J. Trump”
WAKE UP. The storm is coming.
from Jay Taylor Media:
David Jensen discusses an emerging international market dynamic that some think may pose a threat to the dollar and thus the Anglo-American Empire.
from The Alex Jones Channel:
by Kimberly Johnson, Patch:
Thirteen children were rescued from an eight-state child pornography ring that led to the arrest of 76 people seeking and distributing the most violent child pornography involving infants and toddlers, authorities said.
Of the 76 arrested, eight men were in North Carolina and ranged in age from 32 to 73, according to N.C. State Bureau of Investigation. Eight of the 13 children rescued in the multi-state sting were in North Carolina.
by Aaron Klein, Breitbart:
James Comey took to Twitter on Saturday to respond to an earlier tweet by President Donald Trump about the Russia probe, with the former FBI director exclaiming that the “American people will hear my story very soon.”
“And they can judge for themselves who is honorable and who is not,” Comey added.
Comey was responding to Trump’s charge that the ex-FBI chief was aware of illicit activity at the FBI regarding the probe into unsubstantiated claims of Russian collusion.
from The Alex Jones Channel: