history, economics, and current events

Fed Assets and 17 Million Americans Unemployed

Fed Assets and 17 Million Americans Unemployed

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The Federal Reserve owns $6,083,141,000,000 worth of assets. That is up from the previous weeks record high of $5,811,607,000,000.[1]

17 million Americans filed for unemployment benefits. According to zerohedge, that could put the unemployment rate at 13%.

The three-week tally implies an unemployment rate of around 13% or 14%, surpassing the 10% peak reached in the wake of the last recession.”[2]

[1] https://fred.stlouisfed.org/series/WALCL

[2] https://www.zerohedge.com/personal-finance/shocking-17-million-americans-have-filed-unemployment-past-3-weeks

Happy Birthday, Thomas Jefferson

Happy Birthday, Thomas Jefferson

Civil Disobedience in New York and Mississippi

Civil Disobedience in New York and Mississippi