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TS Radio Network: John Leckrone Returns! Part # 2

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Join us Tuesday evening November 5, 2019 at 7:00 CST!

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Fed’s Latest Plan for Bailing Out Wall Street Banks: Let Them Overdraft their Accounts at the Fed

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By Pam Martens and Russ Martens: October 31, 2019 ~

Victoria Guida, Reporter for Politico, Was First Reporter to Question Fed Chair Powell on Repo and Liquidity Problems on Wall Street During Fed’s October 30, 2019 Press Conference

Yesterday, following the announcement of another 1/4 point interest rate cut by the Federal Reserve’s Open Market Committee, Fed Chairman Jerome Powell held a press conference at 2:30 p.m. It proved to be an embarrassing and shameful example of New York City-centric business journalism.

Seven business journalists from leading business news outlets that cover Wall Street asked questions in the first 23 minutes of the press conference. Not one of these reporters asked about the liquidity crisis on Wall Street that has resulted in the Fed offering $690 billion a week to 23 Wall Street securities firms and one foreign bank as well as a newly launched “don’t call it QE4” operation by the Fed to buy up $60 billion a month in Treasury bills from Wall Street dealers.

The Fed began its repo loan interventions on September 17 of this year for the first time since the financial crisis. That crisis grew into the worst economic collapse in the U.S. since the Great Depression. What the Fed is now doing has all the same earmarks as the actions it took in the early days of the last crisis. (See our ongoing series of articles on the Fed’s actions and the liquidity stresses on Wall Street.) And yet, despite these frightening similarities, not one of the following reporters (in this order of asking questions within the first 23 minutes of the press conference) could summon the nerve to broach the subject: Michael McKee, Bloomberg TV; Heather Long, Washington Post; Jeanna Smialek, New York Times; Steve Liesman, CNBC; Nick Timiraos, Wall Street Journal; Edward Lawrence, Fox Business; and Brendan Greeley, Financial Times.

It was not until the eighth reporter was handed the microphone that we heard a question on the most critical financial topic of the day. More

The Fed Fears an Explosion on Wall Street: Here’s How JPMorgan Lit the Fuse

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By Pam Martens and Russ Martens of Wall Street on Parade

JPMorgan Chase is the largest bank in the United States with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact. 

According to the filings that JPMorgan Chase makes annually with the Securities and Exchange Commission (SEC), since 2013 JPMorgan Chase has spent $77 billion buying back its own stock. That includes the whopping $17.01 billion it has spent in just the first nine months of this year buying back its stock.

But here’s the shocking news. According to its SEC filings, JPMorgan Chase is partly using Federally insured deposits made by moms and pops across the country in its more than 5,000 branches to prop up its share price with buybacks. The wording in the filing is as follows:

“In 2019, cash provided resulted from higher deposits and securities loaned or sold under repurchase agreements, partially offset by net payments on long-term borrowing…cash was used for repurchases of common stock and cash dividends on common and preferred stock.”

Had JPMorgan Chase not spent $77 billion propping up its share price with stock buybacks, it would have $77 billion more in cash to loan to businesses and consumers – the actual job of its commercial bank. Add in the tens of billions of dollars that other mega banks on Wall Street have used to buy back their own stock and it’s clear why there is a liquidity crisis on Wall Street that is forcing the Federal Reserve to hurl hundreds of billions of dollars a week at the problem.

On September 17, the overnight lending rate on repurchase agreements (repos) spiked from the typical 2 percent range to 10 percent, meaning some very big lenders such as JPMorgan Chase were backing away from lending. That forced the Federal Reserve to jump in as lender of last resort, the first time it has done that in any material way since the financial crisis

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NewsGuard: What are They “Guarding”? “Fake” News Ratings Based on Biased Editorial Views – Not Fact Checking

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Medical Kidnap

by Brian Shilhavy
Editor, Health Impact News

Health Impact News was recently contacted by John Gregory, a medical reporter working for the company NewsGuard, a self-appointed Internet policing group that awards “nutrition badge” ratings for websites determining if they are “reliable” or not.

Mr. Gregory accused me right up front of publishing “false” claims, and asked me to comment on a list of articles in our network that he determined were “false.”

Curiously, one of the articles he chose to exhibit as something published that was “false” was one of our articles on the Department of Justice quarterly reports on compensated cases for vaccine injuries and deaths in the U.S. Vaccine Court, submitted every three months to the federal government Advisory Commission on Childhood Vaccines (ACCV) under the U.S. Department of Health and Human Services.

The article is reporting what is public information from government sources. It is not even considered controversial, and in the introduction I even write: “The fact that the annual flu shot is deadly and dangerous is not a fact even in dispute.” The flu shot is by far the most compensated vaccine for settlements in the U.S. Vaccine Court each year, according to these government reports. More

. Israel and US Introduce Tech “Solutions” to Destroy Political Activists

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by Kurt Nimmo

https://kurtnimmo.blog/

If you’re interested in the backstory on Jeffrey Epstein—a story largely ignored by the corporate media—read Whitney Webb’s How the CIA, Mossad and “the Epstein Network” are Exploiting Mass Shootings to Create an Orwellian Nightmare.

The subhead reads: “Following another catastrophic mass shooting or crisis event, Orwellian ‘solutions’ are set to be foisted on a frightened American public by the very network connected, not only to Jeffrey Epstein, but to a litany of crimes and a frightening history of plans to crush internal dissent in the United States.”

Webb mentions convicted felon Oliver North:

Perhaps most disturbing of all, whatever technological solution is adopted by the Trump administration [to address mass shootings], it is set to use a controversial database first developed as part of a secretive U.S. government program that involved notorious Iran-Contra figures like Oliver North as a means of tracking and flagging potential American dissidents for increased surveillance and detention in the event of a vaguely defined “national emergency.”

North and associates used PROMIS (Prosecutors Management Information Systems) software to build this database. The software has a rather colorful past. “The PROMIS software was created by INSLAW Inc., a company owned by a former NSA intelligence officer named William Hamilton,” writes Ed Encho.

The software was modified for espionage purposes to include a ‘back door’ that could be used for spying on those that it was sold to… It is important to keep in mind the period when PROMIS was stolen in the early 1980’s and the fact that the technology boom was still years in the future which should give one an idea to just how far advanced and therefore how important that it was to those who would use it in order to promote a sinister agenda.

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Pentagon Joins the War on Alternative Media

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https://kurtnimmo.blog/

by Kurt Nimmo

Fake news is so threatening to America’s national security, the Pentagon’s DARPA research agency has announced it will launch a project to repel “large-scale, automated disinformation attacks,” according to Bloomberg.

The Defense Advanced Research Projects Agency wants custom software that can unearth fakes hidden among more than 500,000 stories, photos, video and audio clips. If successful, the system after four years of trials may expand to detect malicious intent and prevent viral fake news from polarizing society.

As usual, a translation is in order. DARPA is working on a system that will prevent news and analysis contrary to the establishment narrative from rising above the mosh pit that is the lower depths of social media.

U.S. officials have been working on plans to prevent outside hackers from flooding social channels with false information ahead of the 2020 election. The drive has been hindered by Senate Majority Leader Mitch McConnell’s refusal to consider election-security legislation. Critics have labeled him #MoscowMitch, saying he left the U.S. vulnerable to meddling by Russia, prompting his retort of “modern-day McCarthyism.”

It should be obvious there isn’t any “election-security.” Even with alleged Russian interference—which has zero credibility and is remarkably evidence-free—can’t overcome the fact the election system is rigged in favor of the establishment’s handpicked “public service” careerists. Bernie Sanders knows about this and Tulsi Gabbard is learning.

No amount of “fake news” will change or even marginally impact the system. An astute eleven-year-old, after examining the evidence or lack thereof, would conclude the Russians are not hijacking elections. That job is left up to the DNC, RNC, and the corporate propaganda media.

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Get Your Head Out Of Your False Left vs. Right Paradigm

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Don Bowman

 

OPINION:

I cannot believe, after successive presidency’s reflecting both supposed political ideologies and party’s, that anyone is still buying into the right vs. left, Republican vs. Democrat, liberal vs. conservative, BS. And it is BS.

Playing on, at times, extreme religious beliefs, or manufactured propaganda meant to frighten you in to accepting another war of aggression, or professed moral righteousness, we are encouraged to vote for one party or the other. Along with the tossing about of the words socialism and communism and the chronic hysteria that accompanies those words, many of us are convinced that our votes really matter or that things will actually change as a result. Actually, they do change…they always get worse. Makes no difference which wing of the this one party system you vote for.

Combining church and state?

We have a 1st amendment prohibiting that and for good reason.

Let me say that the lunacy emanating from churches in today’s world is enough to make a rational, reasonable man’s head explode. When I see blanket statements such as “Democrats hate Conservatives and Christians”…Really?? Really America? How many of you actually believe that? Or how about, “conservatives hate Democrats and they are satanists?” Are you really that easily manipulated and stupid? But if you need one, the barrage of idiotic religious drivel from either side of this combination of church and state, or, the lack thereof, is really obnoxious.

That’s Socialism! That’s Socialism!

First, let’s clear one thing up right off the bat! America is in no danger of becoming a socialist or communist nation. We are heading full steam ahead More

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