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Pam and Russ Martens: Why does only Wall Street have access to the Fed's money machine?
By Pam and Russ Martens
Wall Street on Parade
Thursday, January 2, 2020
Consumers represent two-thirds of gross domestic product in the United States. And yet when consumers run into trouble, they don't get a handout from the Federal Reserve -- they are forced to file bankruptcy. There are no Fed handouts to small business owners, farmers, or Main Street merchants either.
So why is it exactly that the trading houses on Wall Street, with a serial history of crimes and with the most overpaid and under-punished executives on the planet, are able to perpetually have secret communications with the New York Fed and magically turn on the flow of trillions of dollars of ridiculously cheap loans to bail out their hubris and corruption?
... Dispatch continues below ...
Northstar Gold Closes Initial Public Offering
and Lists on Canadian Securities Exchange
Company Announcement
Wednesday, December 31, 2019
NEW LISKEARD, Ontario, Canada -- Northstar Gold Corp. (CSE: NSG) announces that it has completed its initial public offering of 9,985,498 common shares at the price of C$0.30 per common share for gross proceeds of C$2,995,649. The corporation will be listed as a natural resource company on the Canadian Securities Exchange (CSE) and the common shares are expected to commence trading on January 2, 2020 under the trading symbol NSG.
Haywood Securities Inc. and Canaccord Genuity Corp. acted as co-lead agents and joint bookrunners under the offering. For their services, the co-lead agents received a cash commission equal to 10% of the gross proceeds of the offering and 998,549 common shares reserved for issuance upon exercise of the common share purchase warrants granted to the co-lead agents upon completion of the offering. The agents' warrants are exercisable at a price of $0.30 per common share within two years.
The corporation intends to use the net proceeds from the offering to complete Phase I of the work program recommended in the technical report dated December 10, 2018, entitled "Independent Technical Report on the Miller Gold Project, Kirkland Lake, Ontario." ...
... For the remainder of the announcement:
https://www.northstargoldmining.com/pdf/2019-12-31-nsg-nr.pdf
The obscene money spigot from the New York Fed to Wall Street's trading houses didn't start with the epic financial crisis of 2008, as most Americans believe. It started following the dot.com bust, which was fueled by fraudulent research from Wall Street's trading houses. The money from the Fed to Wall Street simply flowed under the cover of the 9/11 crisis. ...
... For the remainder of the commentary:
https://wallstreetonparade.com/2020/01/why-is-wall-street-the-only-indus...
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