Free Republic

-A year after Silicon Valley Bank's failure, less than half of U.S. banks have established borrowing capacity by pledging collateral at the Federal Reserve's emergency lending facility, according to Fed data released on Friday. That's despite a crescendo of calls from financial regulators for banks to make sure they can access the Fed's discount window quickly if trouble arises. But the data also showed some real progress, with an increase in the number of banks signing up and a jump in the amount of total collateral pledged. SVB's inability to access the window in March of last year in the...

H.R. 187 – Default Prevention Act H.R. 187 guarantees the sovereign debt of the United States Government by authorizing the Treasury Secretary to continue to borrow to pay interest and principal due on the debt, even in the event of an impasse concerning the debt limit.

Has it occurred to anyone willing to tell the truth that the inflationary situation may actually be deliberate. Now, a lot of things for which people could have paid cash, they will have to finance to be able to afford. I believe this to be on purpose. It is going to ruin people financially. The Bible says, "The borrower becomes the lender's slave."

In the past during normal times, to raise money for the federal government, the Treasury would sell government bonds. However, in recent years, they have abandoned any pretense of selling bonds and have instead just printed more money. Which raises the following question)s); 1. If the fedres is just printing money, is the US actually borrowing it? And can we just print more money to pay it back? And the scary thing is that once the government discovers that when it needs more money it can just print it, it eventually does. The problem is runaway inflation which will destroy...

Today's political press has been captivated by the alleged plagiarism by Melania Trump, who is said to have stolen fragments of a speech delivered by Michelle Obama in 2008. The sections in question are the following: Melania Trump (July 2016): “My parents impressed on me the values that you work hard for what you want in life; that your word is your bond and you do what you say and keep your promise; that you treat people with respect. Michelle Obama (August 2008): “And Barack and I were raised with so many of the same values: that you work hard...

My augmentation is "purely" spirit led and guided every step of the way FOR MY WORD IS IN YOU , nothing lacking or missing FOR I AM THE WORD AND THE SPIRIT so do not be anxious that something is missing FOR I AM WITH YOU and will "never" forsake you and this is why I AM your Yes and Amen to all you do in and through Me! Acts 17:27-29 Amplified Bible (AMP) 27 So that they should seek God, in the hope that they might feel after Him and find Him, although He is not far from each...

President Barack Obama visited Val and Paul Keller on Friday. They owe $168,000 on their mortgage. Their home is currently valued at $100,000. Obama forgot to mention something. At the peak of the market in 2007, the Keller's did a $250,000 cash-out refinance! Now they want Obama's help.

More than half of Britons cannot cope on their current salaries with one in five forced to borrow money to buy groceries and other household essentials because of the soaring cost of living, a new survey revealed today. One in four people revealed they've had to use their savings to buy food or other daily essentials while one in five have gone into debt to do this. Another 10 per cent said they could envisage needing to borrow buy food in the future. Only 43 per cent currently feel they can afford to live on their current income while 36

The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills. "I will be unable to invest fully" the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress. The House of Representatives is expected to vote on Wednesday on the Obama administration's request to raise the country's legal debt limit to $16.394 trillion.

It's a formula many officials at all levels of government hope to see repeated across the country. On Monday, U.S. Transportation Secretary Ray LaHood and Peter Rogoff, lead administrator of the Federal Transit Administration, joined Gov. Mark Dayton at the Union Depot to tout President Barack Obama's $447 billion jobs bill, which is moving through a divided Congress. The bill, they said, would invest heavily in infrastructure projects such as roads, rail and bridges, putting more unemployed Americans back to work, if only for a few months to a few years at a time. At its heart, a key question:...

Ok, someone please explain this one to us because we must be a little slow. Wasn't the whole thing with the debt ceiling hike such that no more Congressional melodramas would have to be inflicted upon the population until after Obama [won|lost] the 2012 elections? Because according to the one again exponentially increasing debt balance of the US Treasury (there is another $51 billion in debt/cash coming in next week), the total US treasury balance (subject to the ceiling) is $14.54 trillion (and $14.58 trillion for total), an increase of $20 billion overnight, the Treasury will hit its latest ceiling...

Federal Borrowing on Pace to Hit Debt Limit in Less Than Week Wednesday, April 20, 2011 By Terence P. Jeffrey (CNSNews.com) - Federal borrowing is on pace to hit the legal limit on the national debt in less than a week. As set in a law passed by Congress and signed by President Barack Obama on Feb. 12, 2010, the legal limit on the national debt is $14.2940 trillion. As of the close of business Tuesday, according to the Daily Treasury Statement released at 4:00 pm today, the portion of the national debt subject to this legal limit was $...

"The conclusion then, is, that neither the representatives of a nation, nor the whole nation itself assembled, can validly engage debts beyond what they may pay in their own time." --Thomas Jefferson to James Madison, 1789. ME 7:457, Papers 15:398n "Then I say, the earth belongs to each of these generations during its course, fully and in its own right. The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on. For if the first could charge it with a debt, then the earth would belong to the dead...

Update: I've lost fifty pounds. I eat less. I still don't like the hassle of beggars, but I can always say No. I eat very little popcorn: only that popped at home.

Governments should increase borrowing to tackle global warming despite the dire state of public balance sheets, according to Lord Stern of Brentford, the former chief economist of the World Bank. The author of the 2006 Stern Review on the cost of tackling climate change said he was an expert in dealing with tough budgetary constraints and acknowledged that the current public debt was "worrying". But he believes that the irreversible nature of climate change means that extra pressures on the public balance sheet are justified. "What I'm saying is that we should be prudent with public finances, but if we...

While countries struggle, muddling their way through stimulus packages and bailouts, China is being touted as everything from, “the best current place to invest,” to being, “the engine that will pull the globe out of its recession.” These entreaties and prognostications are sprinkled with reminders of the power it wields over America, given the huge dollar reserves that it holds. If I may quote Tony Soprano, “forget about it.”China has asked rather politely, that the U.S. maintain its creditworthiness. No kidding? That plea was less a wish that the U.S. not skip town on its debt (devalue the dollar dramatically),...

WASHINGTON – The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink — increasing it to more than four times last year's all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money.

SACRAMENTO — California may need to borrow more than $20 billion in short-term loans to cover all its bills next year if revenues continue to drop and voters reject proposed budget-balancing measures, the Legislature's budget analyst said Thursday. The nonpartisan Legislative Analyst's Office released a worse-case scenario cash flow report showing the state will have to take on record borrowing if voters reject the May special election ballot measures. Gov. Arnold Schwarzenegger's finance officials had estimated the state would have to borrow $13 billion for California to get through the 2009-10 fiscal year. But since then, the analyst's report said...

Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers. Banks' primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed on Thursday. "It shows there's a shortage of liquidity in the system," said Christopher Low, chief economist at FTN Financial in New York. Secondary credit the Fed...

A new kind of Library has opened, where instead of books you can borrow a Muslim - or a single father, or a transvestite, for a chat. Alex Forsyth volunteers to be lent as a ‘book’, and asks whether this concept can really help break down stereotypes. A Muslim, a Catholic and a transsexual are sitting in a library. An opener to a joke this is not: It is the Living Library – where, instead of books, you borrow people. You pick a person for a 30-minute dialogue in which you can ask questions, engage in meaningful discourse or simply...