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Daily Reckoning/Brian Maher
“’Journalism is about covering important stories,’ said one scalawag. ‘With a pillow.’ A staggering bailout of the banking system presently proceeds apace. The mainstream financial press has seized a bed pillow, placed it over this important story… and pressed down murderously. Today we pry away the pillow… and vent in desperately needed oxygen.”
USAGOLD note: Maher, managing editor at the Daily Reckoning, makes the case that there is a great deal more to the repo market liquidity injections than the Fed is letting on. . . . .
Repost from 1-13-2020