Yesterday, at a speaking event in Denver at the National Association of Business Economists, Federal Reserve Chairman Jerome Powell acknowledged that a larger, long-term bailout of Wall Street is coming. His two key points were buried in a subterfuge of puffery but came across loud and clear: “…my colleagues and I will soon announce measures to add to the supply of reserves over time.” And this: “As we indicated in our March statement on balance sheet normalization, at some point, we will begin increasing our securities holdings to maintain an appropriate level of reserves. That time is now upon us.” Let that final statement sink in for a moment. Under the previous Federal Reserve Chair, Janet Yellen, balance sheet normalization at the Federal Reserve meant reducing the Fed’s unprecedented $4.5 trillion balance sheet to get back to something near pre-crisis levels. Under Powell, normalization now means increasing the Fed’s balance sheet to as yet undefined heights.
The Fed’s balance sheet had been bloated to the unprecedented level of $4.5 trillion by buying up bonds from Wall Street’s teetering banks during the financial crisis. The Fed likes to give its Wall Street bailouts fancy names to disguise their real purpose. This one was called Quantitative Easing or QE. From November 2008 until October 2014, the Fed deployed three rounds of QE – QE1, QE2 and QE3. The final one was known on Wall Street as QE-Infinity since it appeared to be open-ended... https://wallstreetonparade.com/2019/10/feds-powell-admits-a-bigger-bailout-for-wall-street-is-coming-feds-balance-sheet-ballooned-by-176-billion-since-september-11/
By Design. The MIC And CRUDE-- Destabilizing The Middle East.. By Gregory Mannarino
Everything In The Middle East Is Interesting
Russian historian and linguist Vladimir Minorsky suggested that the Medes, who widely inhabited the land where currently the Kurds form a majority, might have been forefathers of the modern Kurds. He also states that the Medes who invaded the region in the eighth century BC, linguistically resembled the Kurds.
Kurds are the most likely descendants of the ancient Medes, but also other ancient peoples. ... The Kurdish language is, just like the Median language, a North-Western Iranian language. In addition, the area where the Medes were dominant and founded their empire are predominantly Kurdish nowadays. Look at this:
Modern Kurds, Ancient Medes: A Date with Destiny?
...Ancient Media, home of the Medes (also known as the Madai) was located in north-west Iran, south-west of the Caspian Sea and north of the Zagros Mountains, encompassing part of Persian Kurdistan and the modern country of Azerbaijan. The Medes were descendants of Japheth and their Aryan lineage is confirmed by Herodotus (7.62) and Strabo (15.2.8), as well as by surviving traces of their language. The first known mention of them was by Shalmaneser III, king of Assyria from 859-824BC, who raided the plains of the Medes in 836BC to acquire their famous, finely bred horses3. The Median kingdom reached the height of its power around 605-552BC (Figure 1) during the time of the Babylonian king Nebuchadnezzar and the prophet Jeremiah, and dominated neighbouring Persia until 550BC when Cyrus of Anshan (Elam) defeated the Median king Astyages, capturing the Medes’ capital Ecbatana (modern Hamadan, Iran) and adding ‘King of the Medes’ to his title...
...What is intriguing here is the tribe called the Magi. The ancient Magi were a hereditary priesthood of the Medes and are the Biblical “wise men from the east” who came to Jerusalem, asking after Jesus, and saying to Herod, “…Where is he that is born King of the Jews? for we have seen his star in the east, and are come to worship him” (Matt 2:2). When they reached Bethlehem the Magi presented to Jesus “gold, frankincense and myrrh” (Matt 2:11)... https://politicsandprophecy.com/blog/modern-kurds-ancient-medes-a-date-with-destiny/
Most recently Arms Watch published emails exposing how British shell companies were used as cover for a US government program to arm militants in Syria, called in internal memos 'Task Force Smoking Gun'.
Spain has announced its support for Turkey’s planned military operation into northern Syria, making it the first European country to do so. Spain’s official North Atlantic Treaty Organisation (NATO) Twitter account made the announcement in a series of tweets on Monday. “NATO Support to Turkey is aimed at contributing to a de-escalation of the crisis along the Alliance’s border.”
In Historic First, Greek Debt Carries Negative Interest Rate (Greeks PAID To Borrow!) Greece Sells E487.5M 91-Day Bills At -0.02%
Remember when Greek debt was a joke? Not anymore! Greece just held a T-bill auction and sold E487.5 million in 91-day bills at … drumroll … -0.02%... https://confoundedinterest.net/2019/10/09/in-historic-first-greek-debt-carries-negative-interest-rate-greeks-paid-to-borrow-greece-sells-e487-5m-91-day-bills-at-0-02/