Free Republic

President Joe Biden’s political capital is deteriorating with every negative balance sheet, which could affect whether he is another one-term president. The Federal Deposit Insurance Corporation’s (FDIC) board of directors allegedly warned about the impending “financial crisis and their lack of faith in our banking system and how to keep the public from freaking out,” according to a popular Twitter account specializing in banking, claiming to have footage of a private November FDIC meeting. In the two videos posted by WallStreetSilver, the FDIC warned that economic conditions in the U.S. will worsen to the point where there could be a...

NEW YORK (MarketWatch) -- The top-performing letter that predicted the Crash of 2008 now predicts a confiscatory Franklin D. Roosevelt-style "bank holiday." But it's surprisingly sanguine about stocks -- in the (very) short term. The Harry Schultz Letter (HSL) was my pick for Letter of the Year in 2008 because it really did predict what it rightly called a coming "financial tsunami." But its performance in 2008 was still terrible, albeit arguably for technical reasons. ( See Dec. 28, 2008, column.) Now HSL has bounced back big-time. ( See April 13 column.) Over the year to date through May, it's...

At 2 minutes, 20 seconds into this C-Span video clip, Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a "tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars." According to Kanjorski, this electronic transfer occured over the period of an hour or two. Here is a transcript of what Kanjorski says in the video: "On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in...