Big US banking tsunami: deposits, equity and money market funds, update as of May 20
*** Undue money creation has developed in the US since at least 2011 and this money naturally and logically ends up in deposits on the…
The variation of GDP is inversely proportional to the variation of the free money supply (update, January)
When the money supply grows faster than real GDP, i.e. faster than wealth creation, GDP growth falls, and vice versa… *** Sound money is the…
Inflation: Still no slowdown in sight in the US!
When a country’s money supply has grown faster than GDP, inflation sets in and when it goes over the limits, the monetary authorities can do…
US inflation is caused by the M2 money bubble (update, January 2023)
The M2 money bubble in the US is huge: more than $7 trillion of unearned money is still sitting unduly in the accounts of Americans……
BNP-Paribas: more than… 30,000 billion euros of derivatives at the end of 2022 and 318 billion of commitments without guarantees!
BNP-Paribas’ total derivatives amounted to more than… 30,000 billion euros at the end of 2022, which ranks these banksters as the fourth worst bank in…
Overnight Reverse Repo Program to May 18
It’s the big return of the Overnight Reverse Repo Program (ONRRP)! Today, May 18, 91 U.S. banks placed… $1.973 trillion with the Fed overnight so…