Federal Reserve Chair Powell wants you to know that instead of avoiding or eliminating conflicts of interest, he's decided to manage them.
It's just a coincidence that when the credit markets froze up last September, the Federal Reserve had a financial bailout plan already on-hand that was designed to address this exact scenario. That plan was presented to the Fed by BlackRock just one month earlier.
I began this with the intention of writing about the oligarchs dream come true...the Federal Reserve. And that will be one focus, but I realized I'm fed up about lots more...like: US imperialism, self serving corrupt corporate controlled congress critters, imprisoning and torturing journalists who report about war crimes, propaganda paraded as the press, the charade of our elections, the failure of the US to adequately deal with COVID, and on and on. Perhaps I'm grumpy because I haven't been to play music with friends, nor visit, nor hug, shake hands, and give a pat on the back ... all those things that kinda define our humanity and appreciation of one another. Another layer is my increasing understanding of our situation which suggests we are just at the beginning of this mess.
Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Winston Churchill
At least the garden is doing well. This time of year it is the salad bar special.
