OF THE
TIMES
When men yield up the privilege of thinking, the last shadow of Liberty quits the horizon.
Data indicates? Like safe and effective. Could be.
Are they referring to China, the nation, or Chinese migrants?
James Files explains how he did it. Look on tube. Cia and maffia orgsnised it according to him.
arms or ammo have gone from Ukraine into an array of criminal networks worldwide Some time ago, in France, a street drug dealer got a cop bullet...
For example, Aaron Mate, whom I think you will agree is one of the most incisive of analysts referred to the Russian "invasion" of Ukraine, a slip...
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โAs you know, the market for U.S. Treasuries is the largest in the world at $28 trillion, and it's critical for the financial stability of the United States. There's actually a proposal for an entity to clear U.S. treasury futures at the London clearing house which is overseen by the Bank of England. Some argue that the Bank of England would have control over ...a default scenario in this critical market instead of the U.S. Is this of concern to you?โ
Scott Bessent replied: You raise a very important question and one that I will investigate further. I was unaware, until the past few days, of this with the new exchange. What I can tell you, as a student and professor of economic history, is that it is important for the U.S. - for the U.S. Treasuries, for us to be able to resolve any stress issues in the markets in the U.S. We saw during the Lehman Brothers bankruptcy, that much of the, many of the problems emanated from the U.K. subsidiary, so this is something that ... my inclination is that the resolution authority must lie here in the U.S., but I will get back to you in writing with an answer on this, if confirmed.
Before declaring his "inclination," Bessent thanked Senator Cornyn for bringing the matter to his attention, and during their exchange, Cornyn made it clear that the two have visited together at his office and discussed the issues. The first, obvious question is, why should American treasuries be cleared in London, through a clearing house under Bank of England's control? Who wanted this to happen, and where did such a proposal originate from? Why is there no public debate about such a major development? Why are the media ignoring it?
'It starts tomorrow: people vs. the banks' The U.K. could be in for a bumpy ride...by Alex Krainer Jan 19, 2025 [Link]