$78 billion removed from U. S. Banks within last few weeks....

[GregV814]

J.P.Morgan Chase is slightly alarmed that $78,000,000,000 has "left" the U.S. banking industry. "Applying the brakes to the economy 's growth"... on the horozon is possibly freezing withdraws....

Joe pushed through tuition "forgiveness".... against the people's wishes.... (ahem)

and this..... oh, this is just the first college....

Penn State to raise tuition for the next two academic years

In-state tuition will increase by two-percent, and out-of-state tuition will increase by four-percent.

www.cbsnews.com

 

[HemiHauler]

In an environment of rising interest rates, money is being pulled to satisfy debts — some of it ends up in other bank accounts. Some gets destroyed/removed from M2. Nothing new under the sun, it’s just smart thinking.

 

[LightRoasted]

For your consideration ...

In an environment of rising interest rates, money is being pulled to satisfy debts — some of it ends up in other bank accounts. Some gets destroyed/removed from M2. Nothing new under the sun, it’s just smart thinking.

Hummm. Sure about that? Could it also be that people, people with money that is, are pulling out of no interest giving banks and buying treasuries paying near/over 5% instead? Or investing in other appreciating assets?

 

[Monello]

$148 of that total amount was my withdrawal.

 

[BOP]

J.P.Morgan Chase is slightly alarmed that $78,000,000,000 has "left" the U.S. banking industry. "Applying the brakes to the economy 's growth"... on the horozon is possibly freezing withdraws....

Joe pushed through tuition "forgiveness".... against the people's wishes.... (ahem)

and this..... oh, this is just the first college....

Penn State to raise tuition for the next two academic years

In-state tuition will increase by two-percent, and out-of-state tuition will increase by four-percent.

www.cbsnews.com

Well, if you want a free Penn State degree, get yourself carted off to the State Pen. Or so the saying used to go.

Prisoners across the US will get free college paid for by the government

Thousands of prisoners throughout the United States get their college degrees behind bars, most of them paid for by the federal Pell Grant program, which offers the neediest undergraduates tuition aid that they don’t have to repay

abcnews.go.com

 

[BOP]

In an environment of rising interest rates, money is being pulled to satisfy debts — some of it ends up in other bank accounts. Some gets destroyed/removed from M2. Nothing new under the sun, it’s just smart thinking.

The rest of it is going to Ukraine, apparently.

 

[HemiHauler]

Hummm. Sure about that? Could it also be that people, people with money that is, are pulling out of no interest giving banks and buying treasuries paying near/over 5% instead? Or investing in other appreciating assets?

Sure, that is one aspect.

Another aspect is folks who took out variable rate notes in the last 15 year — near ZIRP, mind you — and need to satisfy those notes to stop the bleeding.

Also, smart money is more interested in corporate bond or equity markets rather than government bonds.

 

[Bird Dog]

When the stock market climbs as it has this month the money usually comes from bank deposits and other low return investments

 

[LightRoasted]

For your consideration ...

Sure, that is one aspect.

Another aspect is folks who took out variable rate notes in the last 15 year — near ZIRP, mind you — and need to satisfy those notes to stop the bleeding.

Also, smart money is more interested in corporate bond or equity markets rather than government bonds.

To whom are you referring? Hedge funds, commercial real estate owners, etc.? Because the average person is just trying to make ends meet. You say "smart money is more interested in corporate bond or equity markets" when many corporations that took out cheap near ZIRP just to sustain operations, or to do stock buybacks, are bleeding money and are unable to secure any new bonds via refinance simply due to the fact their revenue streams have been severely diminished. Aka their credits scores suck. Hell, many corporations cannot even settle up the current loans they have now and in which many are now defaulting on these "bonds". You must be wearing very nice rose colored glasses.

It is interesting though. That corporate tax receipts to the IRS are pretty much relatively non-existent compared to what is extorted from the people. How corporations, that pay little or no taxes still need to sell bonds to survive is quite the feat.

 

[Merlin99]

Let’s save 200 billion and get rid of DOE. Education should be a local function instead of a federal blackmail scheme

 

[Monello]

Let’s save 200 billion and get rid of DOE. Education should be a local function instead of a federal blackmail scheme

A lot of the functions the feds strong armed from the states. But I agree, do things at the lowest level possible. Education is 1 of the things where 1 size doesn't fit all. What might work in NYC, isn't necessarily good for Wyoming.

 

[GURPS]

Let’s save 200 billion and get rid of DOE. Education should be a local function instead of a federal blackmail scheme

I think we can get rid of the Dept of Energy as well

 

[Merlin99]

If we're going off list I'm putting the Dept of the Interior on the block. Why does the federal government own land in states. That's literally state land and should be administered by them. Let them keep Puerto Rico and the Mall area of DC, but get out of the states.

 

[blacklabman]

If we're going off list I'm putting the Dept of the Interior on the block. Why does the federal government own land in states. That's literally state land and should be administered by them. Let them keep Puerto Rico and the Mall area of DC, but get out of the states.

Not necessarily so, especially for western states. The federal government obtained these lands before they were states. Statehood did not transfer these lands to the state. Years ago there was the "sage brush revolution" demanding to give the states back their land. The states never owned the land to begin with.