In addition to an economy held together with the baling-wire of Fed stimulus (that’s ending), both the US & the world are facing a wild spectrum of assaults that could have huge economic impacts.

The CEO of America’s largest bank is worried, and for good reason.

Yesterday the Fed started something it hasn’t done for quite a while. It started dumping bonds.

The Fed has been goosing the economy steadily since the Bush Crash of 2008, buying US and corporate bonds with money it creates out of thin air (only the Fed can "print money" like this by simply willing the dollars into existence).

By purchasing and holding those bonds over the past 14 years, the Fed has created and then flushed into our economy $8 trillion in liquid cash. This is how the Fed stimulates an economy in crisis: pouring newly-created money into the system.

Read more at HartmannReport.com.

-Thom

Thursday's Daily Stack

Article: "The Economic Sh*tstorm Coming is Due to Reagan's Deregulated Economy" by Thom Hartmann.

Article: "Oct 29, 1929 CE: Black Tuesday" by National Geographic.

Article: "Elizabeth Warren’s Foreclosure Settlement Bombshell: Banks Determined the Number of Victims of Their Own Foreclosure Frauds" by Pam Martens.

Book: "The Hidden History of Neoliberalism: How Reaganism Gutted America and How to Restore Its Greatness" by Thom Hartmann.

Article: "Fed Starts Experiment of Letting $8.9 Trillion Portfolio Shrink" by Matthew Boesler.

Article: "Katie Porter's Questioning of Jamie Dimon Shows Exactly What a Member of Congress Is Supposed to Do" by Jack Holmes.

Article: "Recent balance sheet trends" by Federal Reserve.

Article: "Live news updates from June 1: Sheryl Sandberg to leave Meta, Russia holds nuclear missile exercises" by FT.

Article: "JPMorgan chief says ‘hurricane’ is bearing down on economy" by Joshua Franklin.

Article: "'Biggest fraud in a generation': The looting of the Covid relief plan known as PPP" by Ken Dilanian and Laura Strickler.

Article: "Reagan's Leadership, Too, Was Questioned After 1987 Market Drop" by Frank James.

Article: "The GOP’s most successful scam is about to reboot itself" by Thom Hartmann.

Article: "Trump's "Very Fine People" Full Speech and Transcript" by Jack Smith.

Article: "Cheese, Bro' ...Chuck Grassley was in on the attempted coup" by annieli.

Tweet: "@Thom_Hartmann @nprpolitics @SRuhle @11thHour @maddow
Got this from another forum
The Republican Party Is The Greatest Threat We Have Ever Faced" by Liberty One Radio.

Article: "The Republican Party Is The Greatest Threat We Have Ever Faced" by 634-5789.

Law: "2nd Amendment". A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed..

Case: "District of Columbia v. Heller", 2008 (2nd Amendment).

Article: "Gunman who killed 4 at Tulsa hospital was patient of doctor who is among the dead" by Timothy Bella, Bryan Pietsch, Hannah Knowles and Meryl Kornfield.

Article: "2017 Las Vegas shooting" by Wikipedia.

Article: "New documents suggest Las Vegas shooter was conspiracy theorist – what we know" by Jason Wilson.

Article: "Sandy Hook Elementary School shooting", December 14, 2012 by Wikipedia.

Article: "2019 El Paso shooting" by Wikipedia.

Article: "Trump Does a Little Dance at NRA Gun Celebration Days After Uvalde Massacre" by Ryan Bort.

Article: "Cruz Wags Finger At GOPers Who Skipped NRA Convention After Uvalde" by Cristina Cabrera.

Article: "Ronald Reagan's shameful legacy: Violence, the homeless, mental illness" by Dr. E. Fuller Torrey.

Article: "The Right’s Violence Problem" by David Leonhardt.

Article: "Brittney Griner" by Wikipedia.

Article: "Watch: Trump to police: Don’t worry about people in custody hitting their heads on squad cars" by AP.

Article: "GOP candidate Marjorie Taylor Greene posts image of herself with gun next to members of ‘Squad’" by J. Edward Moreno.

Article: "Trump defends Jan. 6 rioters' 'hang Mike Pence' chant in new audio" by Jesse Rodriguez and Rebecca Shabad.

Article: "What Trump Has Said About Putin Since Russian Invasion of Ukraine Began" by Alexandra Hutzler.

Article: "Full List of 57 House Republicans Who Voted Against Ukraine Aid" by Darragh Roche.

Article: "NRA Was 'Foreign Asset' To Russia Ahead of 2016, New Senate Report Reveals" by Tim Mak.

Hour Two: It's Jim Crow 2.0 to a Crazy Extreme!
- Greg Palast, Investigative Journalist/Author - latest, How Trump Stole 2020: The Hunt For America's Vanished Voters & previously, The Best Democracy Money Can Buy

Article: "Warrior on two fronts" by Greg Palast.

Article: "It’s Jim Crow 2.0, gone to a crazy extreme! - Palast reports from the frontlines of the Georgia Primary Election" by Greg Palast.

Article: "2,000 Mules: Belly Laughs, Belly Aches from Film's "Proof" that Trump Won" by Greg Palast and Zach D. Roberts.

Article: "Ku Klux Klan Act" by Wikipedia.

Article: "Stacey Abrams" by Wikipedia.

Site: Fair Fight.

Article: "2002 Report to the Congress: Federal Cocaine Sentencing Policy" by United States Sentencing Commission.

Law: "S.1789 - Fair Sentencing Act of 2010" by Sen. Durbin, Richard J. [D-IL].

Article: "Bill Clinton admits 'regret' on crack cocaine sentencing" by DeWayne Wickham.

Tweet: "WATCH: ex-KGB agent explains how Russia uses ACTIVE MEASURES to destroy a country — “It takes only 2-5 years to destabilise a nation... The next stage is crisis.”
They “change minds”, facts become useless. Sound familiar? [video]" by Vonnie932.

Article: "Tucker Carlson Says Democrats ‘Know They Rule Illegitimately’ and Are Trying Disarm People Before They ‘Rise Up’" by Michael Luciano.

Article: "DeSantis signs bill creating new Florida election police force " by Fredreka Schouten.

Tweet: "Rep. Thomas Massie (R-KY) was criticized for posting a Christmas photo Saturday showing his family members all holding long guns. The Twitter post was accompanied by the caption, 'Merry Christmas! ps. Santa, please bring ammo.'" by NowThis.

Article: "Both sides using Rove's campaign strategy this year" by Tom Cohen.

Article: "Reminder: The House Voted to Repeal Obamacare More Than 50 Times" by Tessa Berenson.

Article: "12 red states have refused Medicaid expansion. Biden's funding offer may turn the tide." by Phil McCausland.

Tweet: "We need more of these." [sticker on petrol pump saying "oil and gas price gouging bill
Democrats 217 yes 4 no
Republicans 0 yes 203 no
Biden didn't do this. Republicans wanted this "] by Really American.

Article: "Jane Goodall" by Wikipedia.

Article: "Gunman at a Texas elementary school kills 19 students and two adults before being fatally shot, officials say" by Eric Levenson, Andy Rose and Steve Almasy.

Article: "Salvador Ramos: Everything we know about Texas school mass shooter" by Bevan Hurley, Sravasti Dasgupta, Gustaf Kilander, Alex Woodward, Josh Marcus,Graeme Massie, Abe Asher and Shweta Sharma.

Article: "The Simplest Response to School Shootings" by Ross Douthat.

Article: "Why Inequality Matters" by My Fair London in association with The Equality Trust.

Book: "The Spirit Level: Why Greater Equality Makes Societies Stronger" by Richard Wilkinson, Kate Pickett.

Book: The Inner Level: How More Equal Societies Reduce Stress, Restore Sanity, and Improve Everyone's Well-Being by Richard Wilkinson, Kate Pickett.

Site: "The Equality Trust".

Article: "‘It's going to be an army': Tapes reveal GOP plan to contest elections" by Heidi Przybyla.

Article: "A Guide to Voter Caging" by Justin Levitt.

Book: 100% Democracy: The Case for Universal Voting by E.J. Dionne, Miles Rapoport.

Article: "Biden to deliver speech on guns Thursday" by Kaitlan Collins and Kevin Liptak.

Tweet: "Not gonna happen" by Senator John Cornyn.

Article: "Gov. Ron DeSantis begins recruiting for his own Florida army" by Rebekah Sager.

Article: "Florida Posts Openings for State Guard That Democrats Call a ‘Vigilante Militia’" by Nathan Crooks.

Article: "Ingraham exposes the REAL cause of mass shootings: It's not the guns, silly liberal, it's the weed!" by Aldous J Pennyfarthing.

Article: "Beto O'Rourke interrupts Texas Gov. Abbott's press conference: "You're offering us nothing"" by Jacob Knutson.

Video: Ever Heard of The Small Penis Gun Club?.

Article: "Trump claims he'll lead march to the Capitol, only to slip back to White House in motorcade" by Jeva Lange.

Article: "Most Mass Shooters are Terrorists, Not Mentally Ill" by Seth D. Norrholm, Alan D. Blotcky.

Article: "Emmett Till", 1955 by Wikipedia

Article: "Should We Be Forced to See Exactly What an AR-15 Does to a 10-Year-Old?" by Susie Linfield.

Article: "Congressman Steve Scalise, Three Others Shot at Alexandria, Virginia, Baseball Field" by Pete Williams, Alex Moe and Erik Ortiz.

Article: "Lt. Governor Mark Robinson’s Speech 2022 NRA Convention [Video]" by Mary Patriot News.

Article: "NC Gov. Cooper calls Lt. Gov. Mark Robinson's comments about guns 'dangerous'" by WLOS.

Article: "North Carolina’s Robinson faces pushback after AR-15 rhetoric" by Steve Benen.

Tweet: "GOP says we must "harden schools!" (Uvalde) And now hospitals! (Tulsa) Next Republicans will call on GM and Ford to put bulletproof windows in cars? WTF is wrong with just getting rid of assault weapons, like every other civilized country on Earth? Oh, yeah: NRA's Russian $$$$ [retweet]" by Thom Hartmann.

Tweet: "A 8 year-old third-grader from NH was shot in the neck and killed while on vacation in SC by a man taking random shots at cars passing by his home. [link]" by Ron Filipkowski.

Article: "New Hampshire boy, 8, killed in shooting during family vacation in South Carolina" by WMUR.

Article: "America's gun culture - in seven charts" by BBC.

Article: "Percentage of households in the United States owning one or more firearms from 1972 to 2021" by Statista.

Friday on The Thom Hartmann Program, 12-3pm ET

It's Anything Goes Friday!

Representative Ro Khanna (D-CA, 17th District / Vice Chair-Congressional Progressive Caucus, MEMBER: House Armed Services Committee / MEMBER: House Committee on Oversight & Reform)) will be here to talk issues of the day and take your calls.

Plus, Science Revolution: Dr. Michael Mann, Distinguished Professor of Meteorology & Director, Earth System Science Center-Penn State University / Member-National Academy of Sciences / author of several books including including his latest just out, The New Climate War / (previously, The Madhouse Effect: How Climate Change Denial Is Threatening Our Planet, Destroying Our Politics, and Driving Us Crazy) / Recipient of the Tyler Prize

And, Troy Miller, Social Security Works - West Virginia Organizer / (Writer - The Blue Ridge Breakdown) - Progressives Slam 'Phony' Manchin..

And, the best of the rest of the news along with your calls right here on...

The Thom Hartmann Program, Occupying The Media 3 hours a day 5 days a week for "we the people"

And don't forget...Democracy is NOT a spectator sport...it begins with you...

Crazy Alert: Fox News Blames Weed For Mass Shootings

Will Passing "Gun Control" Be A War?