BILLINGSGATE POST: Another major bank has just bit the dust, joining Silicon Valley Bank and Signature Bank of New York. Beaver Crossing National Bank was founded over one hundred years ago by Homer Smuckmeister, Elmer’s great, great grandfathe…
Federal Reserve Chair Jerome Powell shook up Wall Street this week by announcing his attention to raise interest rates. The Reserve Chair admitted the latest rate hike would lead to job losses and slow the economy, which is already contracting. Powel…
Tether, Inc – a cryptocurrency stablecoin worth one dollar – will change their name to ‘Crypto Federal Reserve’ in a rebrand that comes as the company faces a series of accounting crises. Similar to how there is nothing federal about the ‘Federal…
Washington - President Joe Biden reappointed Jerome Powell to continue his job as head of the Federal Reserve Board on Monday. A small ceremony marked the occasion, however Powell was not present. A spokesman for the Fed Chairman explained to r…
Washington - The stocks market suffered a huge setback on Thursday after Federal Reserve Chairman Jerome Powell, in his monthly report to Congress, shared the news that his wife and kids had told him at dinner one night recently that prices for every…
WASHINGTON, D.C. – (Satire News) – Boom Boom News is the first American news agency to report that multi-gazillionaires Jeff Bezos and Elon Musk have agreed to lend the U.S. government $80 billion. BBN’s Hacienda Fiddle broke the story even before…
Washington - Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen continued to support the creation of trillions of dollars of credit, in excess of the amount needed by the actual economy, creating a boom in prices of stocks, ho…
In an explosive outburst that echoed around the Oval Office and shattered windows in 1600 Pennsylvania Avenue, Mr Trump expressed his passionate dislike for the Federal Reserve. “I’m just #$%@ Fed Up” said POTUS, which triggered the universal Ital...
Sleepy Hallow, Connecticut - Chairman of the Feudal Reserve, Graat “The Shark” White, held a small press conference here today to announce a plan to save on ink used for printing currency. “We only profit from the value of the money we print, b...
Washington - After being heavily criticized by President Trump for raising interest rates from zero to just below the inflation rate, Federal Reserve Chairman Jerome Powell and Fed Open Market Committee members have indicated that they will slow, or...
No more taxes. All the debt sold by the Federal Feserve will be canceled. Then the institution will be abolished. The Treasury itself will print all Dollars. Each Dollar printed will have an expiration date five years from the printing of the note. When this note is deposited in the bank the bank will record the expiration date whereupon the money expires. No tax forms will be required. The de...
Washington D.C. According to YouTube viewer Joe Blow, the Federal Reserve lost its banking license on September 14, 2018. “I was watching YouTube, and all of a sudden this Scottish guy started saying the Federal Reserve was DONE. No more licen...
New York - A government official, whose private company owes banks and investors over 2.5 billion dollars through 500 private partnerships, broke long standing protocol and criticized the Federal Reserve Board for raising interest rates, rattling bus...
There's still a year left for Janet Yellen to serve in her term as the current Federal Reserve Chairperson, yet President Trump has already nominated Bernie Madoff to replace her. The early nomination tactic is probably to see what kind of deal he c...
Washington - In testimony before a joint session of Congress, Federal Reserve Chairman Janet Yellen unveiled a new preferred measurement of inflation, developed to further combat the tendency of prices to increase in the U.S. economy. "Historical...
Washington - In testimony before the Joint Economic Committee of Congress, Fed Chief Janet Yellen reported that the Federal Reserve Board had voted 8-4 not to raise interest rates, keeping them near zero. "The situation with Kanye West, first suff...
While the American Economy struggles to regain its footing following the massive recession and credit crisis, the Fed seems to have their own agenda. Economists on Capitol hill have been expressing growing concerns over the budding economy. One f...
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