Good Morning yinz, I am headed into 8 of 9 days working so any help would be greatly appreciated.
Let’s get to it…Dorian has a guest post here:
AND…a little on the opiate crisis and lawsuits that are working their way through the system.
PLEASE read both entries in full so that you start to get the gist of all this:
According to a lawsuit filed by the Massachusetts attorney general, the company pushed big sales of OxyContin from the start. Doing so meant persuading doctors who had been reluctant to prescribe such strong painkillers that this one was safe.
A court filing asserts that Richard Sackler, then a senior vice president in charge of sales at the company, told the sales force at a launch party for the drug: “The launch of OxyContin Tablets will be followed by a blizzard of prescriptions that will bury the competition. The prescription blizzard will be so deep, dense, and white.”
Along with others in the industry, Purdue paid doctors who attested to the drug’s safety and became a major funder of groups that advocated for pain patients and campaigned to have opioids prescribed.
The Associated Press and the Center for Public Integrity found the industry and groups it funded were also politically active, spending more than $880 million nationally on lobbying and campaigns from 2006 through 2015. That spending helped the industry fight off restrictions on prescribing the powerful painkillers.
The Joint Commission, the bureaucrats who come in and tell you how to run your hospital or you get no Medicare money, are at the ROOT LEVEL of this opiate scourge as they DEMANDED that pain be The 5th Vital sign. I want to know who was taking payoffs over at Joint from the Pharma Companies. Frankly, The Joint has lost pretty much all respect after this from the Medical Community.
EVERYONE in the medical community that the Joint standards were going to cause addiction rates to skyrocket. EVERYONE.
https://www.thegatewaypundit.com/2019/09/report-over-a-million-households-have-risen-to-middle-class-under-trump-according-to-census-data/
Yep.
feelgood story of the day
rain of lead wrote:
would help if the link was included
https://www.weaselzippers.us/432595-british-special-forces-operator-takes-out-5-suicide-bombers-in-7-seconds/
I’m on the wrong end to be objective about an opiate crisis. As a decades long sufferer of chronic pain with life changing diseases, I’ve had to suffer needlessly because doctors are in a bind wrt the laws about painkillers. First it was easy for people to cheat the system. When Ontario originally issued free or mostly free access to medical care, they did not even require a PHOTO ID on the card. A Chinese man who was testing my back 25 years ago, told me the Toronto Chinese community would invite all of their relatives from Hong Kong to come over and get free checkups and medical care because the residents just passed their Health Cards around.
Americans who knew Canadians would do the same, but nobody seemed to monitor the system. You could also go from one doctor to another and get scripts from all of them. Governments are not fit to rule. That’s what Armstrong says is true all over the globe. Everything is about getting elected and staying elected. The ONLY fixes they have to offer are short term. The high levels of Sovereign debt show that it is too easy to just go into debt and stay there. When they hit a debt ceiling, they just raise the roof.
Then the pendulum went swinging to the other extreme. Doctors became Civil Servants here and administrators who were doctors multiplied. Salaries were high and perks were great. Why busy yourself seeing actual patients and hire people who had to spend their time filling out paper work in order to be reimbursed by government? You could sit around in meetings and make increasingly more laws that constrained doctors by being a gov’t functionary.
Nobody wants to be a GP anymore. All the responsibility with fewer rewards. Socialized medicine does. not. work.
Back to painkillers. As the population bulge ages, pain becomes more common. Even crippling pain. I spent YEARS convincing doctors to get codeine. I represent a lot of people who never cheated the medical system. The term ‘quality of life’ elicits a big yawn. Weed doesn’t work for me. My most crippling disease is genetic.
They give drugs to junkies at ‘harm reduction’ sites. My opinion is that these are some of the symptoms of a society in decay. Democrats have gone too far to the extreme left and need to fall apart as a party in order for anything to change. I think they will.
@ rain of lead:
{{Rain}} We need a good news section. I still have a liberal friend who complains that dropping bombs on muzz causes air pollution. She even has a big brain. She is all about saving the earth. The polarization continues.
@ yenta-fada:
what as going on here in the states was ridiculous. there were millions of dollars being spet to get prescriptions written for oxy.
it was CRIMINAL.
this has nothing to do with actual chronic, disease driven pain.
from the second article:
And how about that cozy Joint Commission-National Pharmaceutical Council relationship?
it certainly does demand some heavy investigation.
this was total corruption.
https://www.msn.com/en-us/news/us/8-years-of-trump-tax-returns-are-subpoenaed-by-manhattan-da/ar-AAHo5K0
the clintons turned theirs in every year, except they weren’t signed…
coldwarrior wrote:
Point noticed and taken. VERY different medical systems!! No comparison especially these days under the malicious Trudeau. Canada would happily vote for Obama as Prime Minister if it could. We carry private coverage for drugs. The Liberals want to make them free, of course. Because they will do anything to get elected.
@ coldwarrior:
Hillary Clinton is an outright psychopath. Buying the media meant EVERYTHING.
yenta-fada wrote:
To say that Hillary Clinton is a psychopath is like saying that water is wet.
coldwarrior wrote:
But that’s where it will backfire.
I have to ask why and how these people are becoming addicted? If I have a choice between debilitating pain and becoming an addict, I’ll take the addiction and it should be no one else’s business.
I HAVE dealt with one of the most painful conditions known to medicine, trigeminal neuralgia, and yes, I did reach the suicide point. Opioids are not used to treat that, but so what if they are? If you need the meds, you need the meds.
I’m not willing to leave people who suffer from intractable pain on the side of the road.
If I have to stand by and let a woman murder her baby under ‘a decision between a woman and her doctor’, then you bet your ass I’m going to push to give pain sufferers the same choice.
Change my mind.
Spoiler alert: He wants to use the Commerce Clause as justification
And Dorian’s piece is well worth it. And it brings to mind a recent, comical moaning complaint by one of the more pathetic never-Trumpers, Max Boot. He bitched that he’s been writing to bring down Trump for TWO WHOLE YEARS and that bastard is STILL in the White House.
Yes, he is.
Because we have guns, motherfucker.
And there is no doubt in my mind that if we didn’t, Trump would be living next door to Paul Manafort.
Point to Dorian.
Eddie Gallagher is suing his former lawyers. They deliberately delayed proceedings to run up legal bills
https://www.foxnews.com/us/eddie-gallagher-navy-seal-sues-ex-lawyers-military-nonprofit-united-american-patriots
(He’s the navy seal cleared of murder)
What a surprise!
Exclusive: Australia concluded China was behind hack on parliament, political parties
Altho the Aussies are so penetrated, I don’t know why China had to bother
https://www.reuters.com/article/us-australia-china-cyber-exclusive/exclusive-australia-concluded-china-was-behind-hack-on-parliament-political-parties-sources-idUSKBN1W00VF?utm_medium=Social&utm_source=twitter
Oh, Aussie, if you see this – I found Anna Marie Brady on twitter. She’s very good – but she also writes in Chinese sometimes so I’m a bit lost
There is a youtube channel RSNC or something like that where everybody could watch Trump rallies. He’s having one tonite in New Mexico.
Youtube shut them down over the weekend.
So Diamond and Silk set it up so they could broadcast on THEIR youtube channel.
Guess who youtube just shutdown?
@ eaglesoars:
There’s a Canadian youtuber named “amazing polly” For some reason I can’t cut and paste the vid I want. She is a great researcher into issues surrounding the deep state. Lately she’s been talking about Epstein and his connections to Robert Maxwell and his 3 daughters. Ghislane is the one who was a major procurer of underage girls for Epstein. The other 2 have Software companies that seem to be connected to the major software companies and lesser known ones such as..crowdstrike.
The vid I wanted to post was how much companies like google are involved in the fear creation business. They create algos meant to increase stress. Polly’s theory (with a specific study to back it up) is that FEAR makes people shop, acquire, and generally consume more. A big benefit to e.g. amazon and other large companies.
Must eat dinner.
Trump rally livestream broadcaster banned from streaming on YouTube
https://www.lacortenews.com/n/trump-rally-livestream-broadcaster-banned-from-streaming-on-youtube
@ yenta-fada:
I found her on youtube, if you tell me the title, I’ll link it
eaglesoars wrote:
and
eaglesoars wrote:
I think one can label this as “attempting to influence an election” and should be the subject of congressional and FEC hearings as well as potential FEC fines as this seems to be a “donation in kind” to the democrat party by denying the other party a platform that they freely provide to the democrats.
Did they shut down any livestreams of the democrat clown car debates?
AZfederalist wrote:
were there any? I mean the ratings for CNN sucked, you would bother livestreaming it?
eaglesoars wrote:
‘Leaked Psychological Study’ post from Aug 29/19. It’s 20 min, so I would say just listen to the first 5 minutes where she states her case on what comes up automatically as you enter your google search.
The study is whistleblower info.
@ yenta-fada:
here ya go!
https://www.youtube.com/watch?v=8Py2XuPTOQI&list=PL_c8l9iwUhrZxQxKyYUBvDo5jF693eErL
eaglesoars wrote:
See #22. My ‘puter is acting funny. And my TV turned itself on this evening. At last the 2 weeks of robocalls in Chinese have stopped.
Lucky I’m not paranoid. 🙂
yenta-fada wrote:
My tv used to take pics at 4 am.
I put a towel over it for a week and they gave up
@ yenta-fada:
Well, the most stressed out people around seem to be on the Left.
Stuff in Russia keeps going KABOOMSKI!!
Explosion Hits Russia’s Largest Virus Lab Which Houses Plague, Smallpox, Ebola And Other Deadly Viruses
https://www.zerohedge.com/health/explosion-hits-russian-virus-lab-home-anthrax-smallpox-and-other-deadly-pathogens
https://static.wixstatic.com/media/603e50_4304156db652473ca92d1d64059e8137~mv2.jpg
Here’s a TYPICAL picture of the mentally challenged PM as he criss-crosses the country pre-election to attend all of the gay pride parades. Canadian liberals seem to have no idea that his record for showing up for work is abysmal. This type of pic never gets media coverage, but he was certainly in Montreal, Ottawa, and Toronto at the Pride parades. Out west to BC, over to the Maritime Provinces in the East.
This criminal has blocked all RCMP direct requests for information on SNC Lavalin. It is illegal, but he’s stalling because nobody will confront him. He NEEDS to be tossed out on October 21.
@ yenta-fada:
Toodles and recreational pharmaceuticals go way back……………..
eaglesoars wrote:
They have LOTS of trigger words. he name of the President is the biggest, but it’s only a start.
@ yenta-fada:
It’s not they have have lots of trigger words, it’s that they have trigger words at all
I have to go to bed. nite.
@ eaglesoars:
Phantom Secure is the Company producing the phones that got the RCMP high level Intelligence agent noticed eventually.
“But sources told Global News the investigation began with the Phantom Secure case and the arrest of Ramos, 41, a Canadian serving a 108-month sentence in a Texas prison.
Phantom Secure bought smartphones, stripped them of their functions and installed an encrypted email system so the phones could only communicate with each other, according to the FBI.
The phones had 10,000 to 20,000 users, many of them “top-level” organized crime leaders, said police, who claimed the phones were used to co-ordinate drug trafficking, murders and money-laundering.”
I think it’s getting harder to tell the criminals from the Criminals if you know what I mean.
yenta-fada wrote:
No kidding! McCabe was going to call Brennan, Holder, Clapper, et. al. as ‘character witnesses’.
ok mebbe not
UPDATE: McCabe’s spokesperson now says Brennan, Rice, Holder won’t be testifying as character witnesses for him after all, despite calling the full witness list (below) “accurate” just a few hours ago
The cross would have been a blood bath
https://twitter.com/NatashaBertrand/status/1173708090623107074
yenta-fada wrote:
I’m afaid that I do.
I posted the following on my blog:
@ The Other Les:
The German communists (KPD) were told my thier soviet handlers to vote for the NSDAP (nazis) over the other competing (and less hostile) socialist party (SPD). The reasoning was that the nazis were more aligned with communist ideals (which even Hitler mentioned on occassion).
All that got flushed down the memory hole after June 1941.
Hunh. Look what I found.
Remember during the Kavanaugh hearings, there was a bald guy with a neatly trimmed beard sitting next to Christine Blasey Ford? And remember that shot of him taking an envelope from Sheila Jackson Leigh and she looked guilty as hell? Here’s the video to remind you.
https://twitter.com/wade222/status/1173820086500515840
His name is Michael Bromwich
Guess who McCabe’s lawyer is? Yeppers!
https://www.thegatewaypundit.com/2019/09/huge-development-new-evidence-emerges-that-rep-ilhan-omar-married-her-brother-and-is-using-a-fake-name/
@ Gateway Pundit
Some people did somting? Yeah like defrauding immigration den marrying her brudda.
@ RIX:
Don’t know if I can find it again, but she deleted a 3 year old father’s day tweet that was telling. Daddy was a warlord
@ eaglesoars:
oh, here we go, zip has it
https://www.weaselzippers.us/432691-ilhan-omar-just-deleted-a-fathers-day-tweet-from-2013-which-might-shed-light-on-question-of-husband-being-brother/
Apparently Corey Lewinowski is testifying before Congress against his will, so is finding creative ways to tell them all to piss of. To Sheila Jackson Lee “Could you repeat that please, all I heard was a rant”.
Cicilline(asshole, Rhode Island) wants him held in contempt
The Other Les wrote:
I figured you would. 🙁
eaglesoars wrote:
Is that the one where she thanked
Allah for the best father in the world?
@ RIX:
Yeah. Now she’s says it’s a nickname, but it happens to be the surname of her brother.
She’s a crappy liar
https://twitchy.com/brettt-3136/2019/09/17/rep-joe-kennedy-iii-has-something-to-say-about-impeachment-and-sexual-assault-allegations-and-justice-for-survivors/
@ Twitchy
Joe Kennedy III, grand nephew of uncle Teddy is morally pontificating about rights of victims of sexual assaults and Kavanaugh. The kenndys need Togo away. I was a big JFK fan back in the day,but I was rally. young.
eaglesoars wrote:
Lyin Muslima.
@ RIX:
For a Kennedy, JFK and John-John weren’t too bad. A damn sight better than most of ‘em.
RIX wrote:
Opie? OPIE??!! AHAHAHAHAHA!!
priceless
Swalwell questioning Lewindowski (this is real)
Swalwell: “So every note you take of the President, you put in a safe? How big is that safe?”
Lewandowski: “It’s a big safe, Congressman. There’s a lot of guns in there.”
KABOOMSKI!!
LINKY
https://twitter.com/CalebJHull/status/1174082752964169732
eaglesoars wrote:
You bet the Aussies are penetrated. BOTH the major parties have VERY dodgy MPs some actually chines and some known to be on the Chinese payroll.
Anne Marie Brady is a serious commentator on China, so much so that the Chinese MSS have targeted her personally by breaking into her University office twice, Her home once and also tampered with her car’s brakes. She is however one ‘mothy lady’ who will not be cowered by the CCP.
She is the bane in the lives of the leftist Progressive ‘luvvies’ both in Oz and also here in NZ. I was supposed to hear her speak last week at the University of Auckland but couldn’t make it. Apparently I missed a real treat especially as her 40 minute lecture was right on the money. She also fielded questions from both the press and assorted Progressives who left feeling that they’d been hit by a 40 ton bulldozer. One of my mates who are part of the bunch who meet on Tuesday afternoon at the Claddah Irish Pub to solve the world’s problems said that she’s the real deal, and has a massive knowledge about what makes China tick.
We are having another mate of mine who has just returned from the US(Florida) and Beijing to talk to us next Tuesday over a Guinness or two about his experiences in both Beijing and Hong Kong ( which recently passed through). He’s a former ‘Red Guard’ who ‘shopped his own parents’ during the Cultural Revolution. He’s since seen the error of his ways and is an implacable foe of the CCP. He visited both his parents in Beijing Father 94 and Mother 92. They were Party members and academics high up in the party hierarchy until they were sent to work in the paddy fields for 2 years. Their opinion of the CCP is rather different the days !
MOXY = mothy
Grrrr
🙂
This is going to be interesting
San Francisco Becomes First US City to Make Big Buildings Go Green
. In phase 1, approximately 63 nonresidential buildings over 500,000 square feet must go carbon-neutral by 2022. In phase 2, about 113 commercial buildings over 250,000 square feet must achieve the same feat by 2024. For phase 3, a larger swath of 471 commercial buildings over 50,000 square feet must rely solely on nonpolluting power sources by 2030.
https://www.courthousenews.com/san-francisco-becomes-first-us-city-to-make-big-buildings-go-green/
I’m only half joking here, but they should look into anaerobic digestors. They use manure to generate electricity and heaven knows they’ve got a large enough supply of that
Aussie Infidel wrote:
jesus. let us know how it goes
@ lobo91:
thanks, perfect!
@ lobo91:
oh my god, somebody is going to turn this into a campaign ad
Corey is running for Senate in NH
Today’s hearing reminded me of this. My favorite courtroom scene ever:
eaglesoars wrote:
Hey The “Vector Institute” though the Russians had another name for it that I can’t remember was located outside Novosibirsk. That’s where our friend Lt.Col Alex Kouzminov did some of his work when wasn’t engaged in nefarious projects with ‘Directorate S’ of the KGB and legit outsourcing ‘phama firms’ on a contract basis.
The State Research Center of Virology and Biotechnology Vector ! That’s right. It had a Russian acronym, and it was the equivalent to the US CDC and Army Bio-warfare facility located at Four Corners …. waaaaay out West for the same reasons that The Vector Institute is located waaaay out East in the middle of Siberia.
🙂
Living in the vicinity of these types of places lowers property values!
HEH!
🙂
lobo91 wrote:
One of my favorite lines in a movie: I just completed my opening statement
Aussie Infidel wrote:
You mean the one that used to be at Ft Detrick? I don’t think it exists anymore, at least not in that form. I’m sure the work is being done somehow, somewhere, but I suppose it’s decentralized. I hope.
@ eaglesoars:
I believe he’s referring to Dugway Proving Ground, Utah.
Ft. Detrick is where they made the stuff. Dugway is where they tested it.
Tucker is interviewing Nick Pope, the Brit UFO guy. It’s about those videos we’ve seen, andit tuns out they weren’t supposed to be released.
eaglesoars wrote:
Apparently the Navy finally confirmed the videos are real. But we knew that.
Here they are again
https://www.dailymail.co.uk/news/article-7474455/Navy-confirms-three-spectacular-videos-appearing-UFOs-genuine.html
eaglesoars wrote:
Yup that was all part of the agreement on terminating most of the bio-warfare capability at the end of the Cold War. Both sides kept samples of their most virilant pathogens so that they could identify the various strains and also as a resevoir from which to manufacture counters. The Russian Smallpox and Plague pathogens that had been genetically altered to enhance their virulence were particularly nasty … and effective. They were transported via Aeroflot crews to the UK and spread in sealed vails to the 5 Home Counties around London by agents and hidden. No doubt the same thing went on in the US. In Oz Kouzminov actually told me that Sydney’s Garden Island Naval Base was targeted as well because it was a projected reserve base for US operations during WWIII. Everyone assumed it would be Exmouth Gulf but it was right in the centre of Sydney at Garden Island about a mile from the Bridge and Sydney Opera House!
lobo91 wrote:
is that still there?
Aussie Infidel wrote:
have t hey found them? I mean, we could write an espionage novel, yes?
@ eaglesoars:
Still there
@ eaglesoars:
lobo91 wrote:
… and mine !
https://www.youtube.com/watch?v=wJuXIq7OazQ
🙂
eaglesoars wrote:
Horifically NOPE!
Not all of them.
They lost contact with the agents in the 1990s and some died as the years passed by.
Some of these vails are still sitting out there … waiting … for some clot with a tractor to accidentally crush them!
or …
Some wild eyed nutter to find them and use them!
Aussie Infidel wrote:
oh man, this is a book! How did they find the ones they found?
@ lobo91:
Thanks for the pics Lobo
🙂
eaglesoars wrote:
We could. I know there are novels out there built on a lot less of a tale!
🙂
HEH!lobo91 wrote:
As far as Kouzminov knows the SVR lost contact with many former agents and some had died without disclosing the hiding places.
As far as the Sydney Garden Island dissemination is concerned, all of the locations were scouted by Dept V personnel but the bio-warfare weapons were never installed.
eaglesoars wrote:
SVR approached the former agents during the 1990s and the vails were recovered intact and transported out of the UK back to Russia for disposal. BUT NOT ALL. Some former agents just disappeared or died and took the knowledge of their hiding places with them.
Scary!
@ Aussie Infidel:
LOL
lobo91 wrote:
very cool pics, thanks
Aussie Infidel wrote:
you know, there should have been a plan B. I mean, anybody can get hit by a truck and then where are you?
dumbasses
I shall go to bed now. Good night.
We need to remove cheaters (like Democrats) from the playing field.
morning y’all
https://www.weaselzippers.us/432762-breaking-car-plows-into-trump-plaza-building-in-new-rochelle-new-york/
https://www.dailywire.com/news/51906/trump-jr-blasts-new-york-times-after-more-bigoted-ryan-saavedra
@ Daily Wire
The NY Times maybe should stop all the virtue signaling and phony attacks until they address their staff bigots.
Well, THIS sure as hell went under the radar. Yesterday from the White House.
Statement from the Press Secretary
At the request of a number of committees of Congress, and for reasons of transparency, the President has directed the Office of the Director of National Intelligence and the Department of Justice (including the FBI) to provide for the immediate declassification of the following materials: (1) pages 10-12 and 17-34 of the June 2017 application to the FISA court in the matter of Carter W. Page; (2) all FBI reports of interviews with Bruce G. Ohr prepared in connection with the Russia investigation; and (3) all FBI reports of interviews prepared in connection with all Carter Page FISA applications.
In addition, President Donald J. Trump has directed the Department of Justice (including the FBI) to publicly release all text messages relating to the Russia investigation, without redaction, of James Comey, Andrew McCabe, Peter Strzok, Lisa Page, and Bruce Ohr.
https://www.whitehouse.gov/briefings-statements/statement-press-secretary-34/?utm_source=twitter
@ eaglesoars:
Ignore. It’s 2018
Trump just revoked California’s federal waiver on emissions.
not enough snark…………………
@ eaglesoars:
I have no linky, but I read that Trump has replaced, through attrition, 150 Federal judges since taking office. Turning the ship of state has no fast fixes when the system has degenerated for so long.
@ yenta-fada:
yep. Carter has the record for one term with about 250, Reagan for 2 terms with about 440
https://www.politico.com/story/2019/09/18/bolton-trump-foreign-policy-1501932
Blow it out your ass, neocon shitbag.
@ coldwarrior:
I like Bolton and agree with him a lot. But this is graceless. Everyone who serves at the pleasure of any POTUS should remember the word SERVE. Nobody elected you, Sparky, and if there were disagreements that profound, save them for your post-admin memoirs where you deal with them as differences of opinion between honorable people. In the meantime, STFU and adjust the MAGA hat so that it covers the hole in your head.
I think we could have some fun with this one. NBC has a web site up where we can all confess our climate change sins.
I’ll think I’ll write one about chartering a private jet to get to my cabin in the Idaho backwoods (via snowmobile for the last leg), where I’ve had to clear cut the forest to get enough sunlight for my solar panels, but that’s ok because I use the wood – cut with a gasoline powered chainsaw – for the 5 wood stoves in the place.
*sigh*
linky
https://www.nbcnews.com/news/specials/climate-confessions-share-solutions-climate-change-n1054791
@ eaglesoars:
Let’s see… The Little Wooden Boy, AlGore has sins to confess.
eaglesoars wrote:
That is freakin’ awesome!
eaglesoars wrote:
Pretty much all muslims are. They will smile at you, tell a lie, and then say, “I tell the truth, I’m not lying” all the while smiling. They really do think the infidels are sub-human and stupid enough to believe anything they say. Of course, being a religion founded by the Father of Lies, lies are their native language.
That definitely works in our favor.
This is really cool. A 3D infographic animation showing earthquake activity from 2001 thru 2015 globally
https://twitter.com/RT_com/status/1174484499616301056
eaglesoars wrote:
Ahhhh Haaaa.
The great Pacific Ring of Fire.
They don’t call New Zealand the ‘Shaky Isles’ for nothing!
🙂
Still you need a few hundred shakes a day to have access to all that Geo-thermal energy!
🙂
AZfederalist wrote:
oh, he was hilarious the whole way thru. At one point, Swalwell (who Lewindowski kept calling ‘President Swallwell) asked him to read a powerpoint thing Swallwell had. Lewindowski said ‘read your own damn graph’
He owned the place. But my favorite part was when Nadler lost it – and like Rumplestiltskin jumping up and down in frustration, yelped HE’S FILIBUSTERING ME!! Mom, he’s touching me!
I choked on my tea.
I have no idea what’s going on here
—————-
For the second straight day, the New York Federal Reserve injected a huge sum of money into the financial system in a bid to calm stress in the overnight lending market.
The Fed on Wednesday poured another $75 billion into the market following a $53 billion rescue by the NY Fed on Tuesday. Overnight lending rates have suddenly spiked, and the Fed is acting to bring them back down to keep markets functioning smoothly.
Until this week, the Fed hadn’t launched an operation like this since 2008.
Federal Reserve Chairman Jerome Powell said during a press conference on Wednesday that these steps were “effective in relieving funding pressures.”
https://www.cnn.com/2019/09/18/business/ny-fed-overnight-lending-rescue/index.html
Also, what are good gifts for someone whose favorite sport is trout fishing out west (Montana, Idaho)? Please don’t tell me to buy flies, I have zero clue what I’m doing there and I’m sure she has plenty
I’m out, nite
eaglesoars wrote:
A return ticket to NZ where the Rainbow trout are the size of salmon !
When my #1 son was 8 he and his cousin (10 years old) left before breakfast to see what they could catch in the Tongariro river which flows into Lake Taupo in the central North Island. Tiger had a fishing licence but #1 son didn’t and they ‘met’ a fishing inspector around 7:00 with 5 trophy sized rainbows on the bank. It seems that all the Inspector wanted was to get back to his vehicle where he’d left his camera to take a shot of two youngsters aged 8 and 10 with a brace of trout caught in just an hour before breakfast. It appears that he was also the Editor of a Fishing Magazine and was looking for a ‘fishing tale’ to help fill his pages.
When they arrived back in the cabin and told the tale of meeting the fishing inspector I almost freaked out as knew that Ben (#1 son) had no licence. They told the story, much to my relief, and we settled in for some VERY fresh trout for breakfast!
🙂
@ eaglesoars:
@ Aussie Infidel:
Near where I used to live in Wyoming there is a reservoir that the trout had to be caught with line rated three times stronger than you usuall would use. They kept snapping anything lighter. Not sure if it’s still that good though.
Antisemitism is the political equivalent of the canary in the coal mine.
The Other Les wrote:
Except when the ‘canary’ is actually a crow with an attitude and the mine is really a pedestrian underpass !
🙂
There are a lot of crows out there with agendas
@ Aussie Infidel:
The Book of Genesis never predicted what a horrible neighborhood the early Jews would be up against over a few thousand years later. But now they call the residents of the ancient site named Judea “settlers”.
@ eaglesoars:
That 75 billion is the overnight repo rate of banks lending fast liquidity to other banks. It is usually very low, but it spiked to 10% overnight. Lots of theories as to whether this is Quantitative Easing 4 (aka money printing). It’s not a good look for the FED or the financial system. One guy says this is Trump’s plan to weaken the Fed, but that doesn’t work for me. The one I thought sounded plausible was the Saudi oil attack. A lot of big money must have been caught flat footed in oil futures and had margin calls. Or it could be a specific bank that got into trouble and there was contagion.
No end of possibilities.
We are headed into more volatility. Fasten your seatbelts and get out the popcorn and a beverage. The Department of Justice will be prosecuting various high level traders of gold and silver for the manipulation and price rigging of precious metals…for years. That’s not why the repo rate spiked, but many secrets are being brought out where they can be dealt with. If I may quote Alex Jones, “There’s a war on for your mind.”