Carson Group, the $12-billion investment management firm that once touted itself as the new “Amazon of financial services,” secured a forgivable Paycheck Protection Program (PPP) loan from the U.S. government. So did the $6.3-billion Cornerstone Advisors Asset Management and Creative Financial Designs, which handles $1.4 billion in assets. Dozens of investment management companies rolling in...
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FED BAILOUT MANAGER BAILS ITSELF OUT FIRST
The U.S. Federal Reserve’s Secondary Market Corporate Credit Facility (SMCCF) is one of the central bank’s 11 programs to help revive the U.S. economy. But, despite Fed chair Jerome Powell’s reassurances that the programs are intended to rescue small businesses, the SMCCF is one of the ten initiatives that bails out Wall Street, not Main...
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PONZI 2.0: FED BUYING CORPORATE BONDS
Extending its efforts to artificially inflate the American economic recovery, yesterday, the U.S. Federal Reserve announced it will buy individual corporate bonds on the secondary market. The Fed added this operation to its Secondary Market Corporate Credit Facility, which is empowered to buy up to $750 billion in bonds. The program will buy bonds with...
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U.S. MILITARY PRESENCE ON THE RISE
Last week, two of the Navy’s battleships, the USS Ronald Reagan and USS Nimitz, were ordered to the Pacific to protect against another COVID-19 outbreak in the area. The order came at a time of increasing political and economic tension between the U.S. and China. On 9 June, Taiwan reported a number of Chinese military...
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ISRAEL CRITICIZED FOR ANNEXATION PROPOSAL
Prime Minister Benjamin Netanyahu, supported by the Trump administration, has promised to annex parts of the West Bank next month. In response, Palestinians say since this would breach the ongoing peace accords established in the 1990s, they would no longer be bound by its conditions. This includes coordination between Israel and the Palestinians on important...
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LEBANON: PROTESTS CONTINUE
New waves of anti-government demonstrations broke out across the country again last week. The protests were a reaction to the continuing plunge of the Lebanese currency, which dropped to a new low. Most Lebanese citizens have lost virtually all means of supporting themselves and their families, and they have put the blame on the greed...
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HONG KONG: PROTESTS ENDING
Last Tuesday, thousands of demonstrators risked violating social distancing orders and unauthorized assembly rules to protest the expansion of charges against people involved in the months-long protests, which rocked the city in 2019. Some who had been charged with illegally entering the city legislature last year are now being charged with “rioting,” a far more...
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“BUBBLE” HEAD LEADERS IN CHARGE
With countries continuing to reopen their societies after the unprecedented global shutdown, we keep seeing more and more evidence of non-scientific, irrational restrictions decreed by political leaders. Many of these “Dictators 2.0” now are agreeing to end the months-long “stay in your house and shut down your business” rules they have imposed… but with a...
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SEX DRIVE STALLING
The diminishing sexual appetite resulting from the young and the free sheltered-in-place was already declining in the U.S. before the nation was locked down. A study published last Friday by researchers at San Diego State University, published in the Journal of the American Medical Association (JAMA), found that between 2016 and 2018, the percentage of 18-24...
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AUTHORITIES DICTATE COVID SEX RULES
While pointing out the facts that governments instituting strict lockdown policies have robbed people of their Constitutional and Bill of Rights, now, they have made moves to control bedroom behavior. Beyond the laundry list of new regulations and phased-in opening restrictions of stores and restaurants, which not only are limiting the amount of customers allowed...