The Fed’s QE may be over, and QT may be just starting (it won’t last long), but don’t think the Fed free money giveaway is ending any time soon. In fact, for a handful of happy, mostly anonymous counterparties, the real free-money bonanza has just begun!
Case in point: the Fed’s reverse repo facility. While one can debate for hours why there is a record $2.330 trillion in cash parked at the Fed’s overnight facility and what it means for systemic plumbing problems, the fact is that there is a record $2.33 trillion in cash parked at the Fed’s overnight facility, doing nothing.
Well not nothing: it was nothing when rates were zero, but at 1.55% which is the current reverse repo rate, that $2.33 trillion is a golden goose for the 108 counterparties that are parking cash at the facility, a mixture of money market funds, banks, GSEs and various other financial intermediaries.
How big is this particular Golden Goose? The chart below shows the payment in interest that the Fed makes day on this record $2.33 trillion in funds: as of today it amounts to just over $100 million every single day! That’s right, more than $100 million in interest payments on funds parked with the Fed, which is by definition the world’s only risk-free counterparty!
Since 2012, 19 states and Washington, DC have legalized marijuana for adults over the age of 21. In total, 38 states and DC have legalized medical marijuana — meaning that a majority of Americans have access to cannabis, whether medically or recreationally. There are just 12 states in the country left who outlaw cannabis entirely — and even they are fading fast.
Currently, 144 million Americans live in states where recreational marijuana is legal and decriminalization measures are currently sweeping through all the other states where it is not. The war on weed is crumbling and the drug warriors who’ve ruined an untold number of lives over this plant are quickly finding themselves on the wrong side of history.
Despite the prohibition wall collapsing and legal cannabis winning the drug war, there are still police state-addicted tyrants holding strong while attempting to maintain their relevancy through enforcement. The US Drug Enforcement Administration is full of these tyrants and their latest numbers prove just how bad their addiction to the drug war is.
In the last two years, one would think that cannabis plant seizures and arrests related to marijuana would go down thanks to widespread legalization. Unfortunately, however, one would be wrong. The DEA is still carrying out their Domestic Cannabis Eradication/Suppression Program with a vengeance.
Federal law enforcement agents and their partners seized over 5.5 million cultivated marijuana plants and made more than 6,600 marijuana-related arrests in 2021, according to annual data compiled by the DEA.
According to figures published in the DEA’s Domestic Cannabis Eradication/Suppression Program Statistical Report, agents and their partners confiscated approximately 5.53 million cultivated cannabis plants last year – a 20 percent increase over 2020’s totals. Law enforcement also reported making 6,606 marijuana-related arrests, a 25 percent increase over the prior year’s totals (when agents reported 4,992 arrests) … for a plant.
These numbers are record breaking and are the highest since 2011 — before any states had legal weed. Since then, arrests have been going down, but in 2021 a surge began once more as police-state worshipping tyrants ramped up their hatred of this amazing plant and the people who choose to grow it.
China might be contemplating a “takeover” of the Moon as part of its military space program, NASA’s administrator Bill Nelson has told newspaper Bild.
In an interview published on Saturday, Nelson claimed that the United States is now involved in a new race to space, with China this time. He emphasized that in 2035 Beijing might finish construction of its own Moon station and start experiments a year later.
79-year-old Nelson claimed that we must be very concerned about China landing on the Moon and saying that it now belongs to the Peoples’ Republic and everyone else should stay out.
Claiming that China’s space program is a “military” space program, Nelson explained that the competition for the south pole of the moon is especially intense: potential water deposits there could be used in the future for rocket-fuel production.
When asked by Bild what military purposes could China be pursuing in space, Nelson claimed that Chinese astronauts are busy learning how to destroy other countries’ satellites.
The Biden administration announced new security assistance to Ukraine on July 1 in a package worth about $820 million in total.
The assistance comprises an authorization of a Presidential Drawdown (PDA) of security assistance valued at up to $50 million, as well as $770 million in Ukraine Security Assistance Initiative (USAI) funds. The PDA is the 14th drawdown of arms and equipment from the Pentagon’s inventories since August 2021.
Since Russia invaded Ukraine on Feb. 24, the United States has committed a total of about $6.92 billion in military aid to Ukraine to fight Russian forces. Prior to the invasion, since 2014, the United States had committed some $1.8 billion in weapons and military training to Ukraine, $700 million of which came from the Biden administration.
The latest $820 million aid package was broadly announced by President Joe Biden at a news conference on Thursday in Madrid, which was the third and final day of the NATO summit focused on the Russia-Ukraine war.
“We are going to support Ukraine as long as it takes,” Biden said, adding that the United States is giving Ukrainians “the capacity” so that “they can continue to resist the Russian aggression.”
The media, and the people who work in and around it, the Blue Checks™ of Twitter, have upped the ante over the past few years regarding how far they are willing to go to enforce various preferred narratives.
Pick any major story of the past three years—e.g. Lab Leak, Jussie Smollett, Russiagate, Ukrainian Biolabs, Ivermectin, Hospitalizations From COVID v. With Covid, January 6th, ‘Transitory’ Inflation, and of course Hunter’s Laptop—and you will find absolutely hysterical narrative pushing up front followed by retractions, corrections, and outright denials as reality became undeniable.
In the meanwhile, our civilization was ripped apart, our citizens were gaslit and impoverished, and in countries across the Western world, innocent people were removed from polite society, branded as lepers, and fired from their jobs.
Why? Because there is one story that just won’t die and for which no corrections have been issued—the shibboleth that vaccination can prevent infection, transmission, and help “end” COVID.
While there is never an excuse for hateful rhetoric towards, and intervention in, the personal medical choices of law-abiding Americans, perhaps one could have, kinda sorta, understood the campaign if the new vaccines had provided long-lasting immunity and prevented community transmission. They do not.
Early on we were told: “Nine out of ten [vaccinated] people won’t get sick” (Columbia University feat. Run-DMC, February 12th, 2021, no this is not a joke); “Vaccinated people do not carry the virus, don`t get sick” (Dr. Rochelle Walensky, March 29th, 2021); “When people are vaccinated, they can feel safe that they are not going to get infected” (Dr. Anthony Fauci, May 17th, 2021).
And by mid-summer, 2021, we were still being told that unequivocally, these vaccines were a resounding success worthy of uncritical support. On July 27th in Scientific American, Dr. Eric Topol wrote, “Vaccination is the closest thing to a sure thing we have in this pandemic.” Not to be outdone, Dr. Anthony Fauci of the NIAID told CBS on August 1st, that the unvaccinated were responsible for “propagating this outbreak.”
But on July 29th, 2021, the Washington Post reported a scoop that the CDC was privately acknowledging that the vaccinated could spread COVID as easily as the unvaccinated. Occasionally, they are forced to report inconvenient facts. And August 5th, CDC Director Walensky told CNN’s Wolf Blitzer that, “They continue to work well for Delta, with regard to severe illness and death — they prevent it. But what they can’t do anymore is prevent transmission.”
While there is a mountain of medical literature available demonstrating quite clearly the failure of these vaccines to prevent infection and transmission, the August 5th declaration from the CDC Director should have made clear that being vaccinated is contributing in no way to the safety of others, nor to the eradication of this virus.
In fact, Israeli Health Minister Nitzan Horowitz was even caught on tape in September of last year explaining that the use of the Israeli Green Pass wasn’t intended to make a difference epidemiologically, but because it would help convince people to get vaccinated. And even vaccine poobah Bill Gates admitted in a late 2021 interview, that, “We got vaccines to help you with your health, but they only slightly reduce the transmissions.”
The Pizzagate topic has been one of great controversy, and for good reason – if true, the implications of the allegations are huge. It would shatter our illusions of powerful people including Presidents, high ranking politicians and those we trust to run our countries. These people would be, under the definitions of our systems, criminals committing heinous and unforgivable crimes.
So is there any truth to the allegations? Mainstream media has been operating as a branch of the Democrat Party’s PR department for years now, so there is no point listening to them about anything. But there was a time in the past when the occasional nugget of truth would be allowed to slip out between the wall-to-wall propaganda.
Take, for instance, this NBC news report that Hillary Clinton, while she was Obama’s secretary of state, shut down an investigation into an elite pedophile ring in the State Department. According to the report presented by Chuck Todd, Clinton shut down the investigation in order to avoid scandal and protect the careers of high ranking officials.
NBC even provided internal State Department memos to back up claims of the Hillary Clinton elite pedophile ring cover-up.
The NBC News report is disturbing enough, but what happened after NBC broadcast news of the Clinton “cover up” is perhaps even more disturbing.
The network deleted the footage and social media networks blacklisted the video from their platforms. Chuck Todd, who presented the report, has refused thousands of requests for comment. Nobody at NBC or the mainstream media wants to acknowledge the report even went to air.
And it gets even worse. Fact checkers including Politifact and Factcheck.org and have been employed to deny the undeniable, claiming as one that NBC did not report that Hillary Clinton “covered up” evidence of a pedophile ring in the State Department.