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stone-cold-groove · 3 months

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United States Five Dollar Silver Certificate - series 1896.

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govtshutdown · 1 year

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Calling it now, DOA.

#House Republicans #House GOP #Speaker Kevin McCarthy #Congressman Chip Roy #Republicans #emergency plan #debt limit #budget negotiations #$31 trillion #debt ceiling #public debt #U.S. Treasury #Congress #House of Representatives #divided government #Government Shutdown?

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siliconpalms · 17 days

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The US Treasury Certificate Transition: A New Era for Offshore Investments and Tax Transparency

The financial world stands on the brink of a significant transformation with the introduction of the US Treasury Certificate, marking a pivotal shift toward a quantum financial system underpinned by asset-backed money. This development is set to reshape how offshore investments are handled, particularly with an eye towards mitigating the prevalent issue of tax evasion. Understanding the…

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#Treasury Certificate #U.S. Treasury

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mfb1949 · 20 days

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#economics #economy #recession #2008 recession #interest rates #yield curve #liquidity trap #2011 #u.s. treasury #treasury bonds #treasury bills #monetary stimulus #monetary policy #debt ceiling #deficit #federal reserve #great recession 2008

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danbrekke · 2 years

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Saturday Rabbit Hole: The $100,000 Bill

The $100,000 gold certificate, printed for only three weeks in 1934-35. Reverse of U.S. $100,000 note. Per the U.S. Treasure’s Bureau of Engraving and Printing: “The largest note ever printed by the Bureau of Engraving and Printing was the $100,000 Gold Certificate, Series 1934. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the…

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#U.S. Treasury

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newyorkthegoldenage · 7 months

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September 25, 1941 marked the 150th anniversary of the ratification of the Bill of Rights. Six thousand people turned up in front of the Sub-Treasury Building on Wall Street for the opening of the three-month celebration. (How many of them would endorse the rights contained in the constitutional amendments is another question.)

Photo: Carl Nesensohn for the AP

#vintage New Yor #1940s #Carl Nesensohn #Bill of Rights #U.S. Constitution #civil liberties #Wall St.#Sub-Treasury Bldg.#September 25 #25 September #25 Sept.#Sept. 25

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betty-bourgeoisie · 1 year

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Honestly I really don't view Alfred as being especially wealthy compared to any of the other nations. The country he represents has a lot of money sure, but he's a government bureaucrat with the same union contract and dental insurance as any other government bureaucrat.

#hws america #aph america #boring Alfred strikes again #this man hasn't touched the stock market since 1929 either #his investments are in U.S treasury bonds if anything #Hetalia

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dontmeantobepoliticalbut · 9 months

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Three years after receiving a $700 million pandemic-era lifeline from the federal government, the struggling freight trucking company Yellow is filing for bankruptcy.

After monthslong negotiations between Yellow’s management and the Teamsters union broke down, the company shut its operations late last month, and said on Sunday that it was seeking bankruptcy protection so it could wind down its business in an “orderly” way.

“It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business,” the company’s chief executive, Darren Hawkins, said in a statement. Yellow filed a so-called Chapter 11 petition in U.S. Bankruptcy Court in Delaware.

The downfall of the 99-year-old company will lead to the loss of about 30,000 jobs and could have ripple effects across the nation’s supply chains. It also underscores the risks associated with government bailouts that are awarded during moments of economic panic.

Yellow, which formerly went by the name YRC Worldwide, received the $700 million loan during the summer of 2020 as the pandemic was paralyzing the U.S. economy. The loan was awarded as part of the $2.2 trillion pandemic-relief legislation that Congress passed that year, and Yellow received it on the grounds that its business was critical to national security because it shipped supplies to military bases. Government watchdogs have scrutinized the loan because of the company’s financial turmoil and close ties to the Trump administration, which awarded the loan.

Since then, Yellow changed its name and embarked on a restructuring plan to help revive its flagging business by consolidating its regional networks of trucking services under one brand. As of the end of March, Yellow’s outstanding debt was $1.5 billion, including about $730 million that it owed to the federal government. Yellow has paid approximately $66 million in interest on the loan, but it has repaid just $230 of the principal owed on the loan, which comes due next year.

The fate of the loan is not yet clear. The federal government assumed a 30% equity stake in Yellow in exchange for the loan. It could end up assuming or trying to sell off much of the company’s fleet of trucks and terminals. Yellow aims to sell “all or substantially all” of its assets, according to court documents. Mr. Hawkins said the company intended to pay back the government loan “in full.”

The White House declined to comment.

Yellow estimated that it has more than 100,000 creditors and more than $1 billion in liabilities, per court documents. Some of its largest unsecured creditors include Amazon, with a claim of more than $2 million, and Home Depot, which is owed nearly $1.7 million.

Yellow is the third-largest small-freight trucking company in a part of the industry known as “less than truckload” shipping. The industry has been under pressure over the last year from rising interest rates and higher fuel costs, while customers have been reluctant to accept higher prices.

Those forces collided with an ugly labor fight this year between Yellow and the Teamsters union over wages and other benefits. Those talks collapsed last month and union officials soon after warned workers that the company was shutting down.

After its bankruptcy filing, company officials placed much of the blame on the union, saying its members caused “irreparable harm” by halting its restructuring plan. Yellow employed about 23,000 union employees.

“We faced nine months of union intransigence, bullying and deliberately destructive tactics,” Mr. Hawkins said. The Teamsters union “was able to halt our business plan, literally driving our company out of business, despite every effort to work with them,” he added.

In late June, the company filed a lawsuit against the union, asserting it had caused more than $137 million in damages by blocking the restructuring plan.

The Teamsters union said that Yellow’s executives unjustly blamed the union for the demise of the company, which had been “plagued with financial trouble for nearly two decades,” officials said in a statement.

“Teamster families sacrificed billions of dollars in wages, benefits and retirement security to rescue Yellow,” said Sean O’Brien, the union’s general president. “The company blew through a $700 million government bailout.” Calling Yellow’s top executives “dysfunctional” and “greedy,” he blamed them for failing to “take responsibility for squandering all that cash.”

The bankruptcy could create temporary disruptions for companies that relied on Yellow and might prompt more consolidation in the industry. It could also lead to temporarily higher prices as businesses find new carriers for their freight.

“Those inflationary prices will certainly hurt the shippers and hurt the consumer to a certain extent,” said Tom Nightingale, chief executive of AFS Logistics, who suggested that prices would probably normalize within a few months.

In late July, Yellow began permanently laying off workers and ceased most of its operations in the United States and Canada, according to court documents. Yellow has retained a “core group” of about 1,650 employees to maintain limited operations and provide administrative work as it winds down. Yellow said it expected to pay about $3.4 million per week in employee wages to operate during bankruptcy, which “may decrease over time.” None of the remaining employees are union members, the company said.

The company also sought the authority to pay an estimated $22 million in compensation and benefit costs for current and former employees, including roughly $8.7 million in unpaid wages as of the date of filing.

Yellow had readily accessible funds of about $39 million when it filed for bankruptcy, which it said would be insufficient to cover its wind-down efforts, and it expected to receive special financing to help support the sale process and payment of wages.

Jack Atkins, a transportation analyst at the financial services firm Stephens, said that Yellow’s troubles had been mounting for years. In the wake of the financial crisis, Yellow engaged in a spree of acquisitions that it failed to successfully integrate, Mr. Atkins said. The demands of repaying that debt made it difficult for Yellow to reinvest in the company, allowing rivals to become more profitable.

“Yellow was struggling to keep its head above water and survive,” Mr. Atkins said. “It was harder and harder to be profitable enough to support the wage increases they needed.”

David P. Leibowitz, a Chicago bankruptcy lawyer who represents several trucking companies, said Yellow had found itself in a “perfect storm, and they have not managed that perfect storm very well.”

The company’s financial problems fueled concerns. It lost more than $100 million in 2019 and was being sued by the Justice Department over claims that it defrauded the federal government during a seven-year period. Last year it agreed to pay $6.85 million to settle the lawsuit.

Congressional oversight committees have scrutinized the company’s relationships with the Trump administration. President Donald J. Trump tapped Mr. Hawkins to serve on a coronavirus economic task force, and Yellow had financial backing from Apollo Global Management, a private equity firm with close ties to Trump administration officials.

Democrats on the House Select Subcommittee on the Coronavirus Crisis wrote in a report last year that top Trump administration officials had awarded Yellow the money over the objections of career officials at the Defense Department. The report noted that Yellow had been in close touch with Trump administration officials throughout the loan process and had discussed how the company employed Teamsters as its drivers.

In December 2020, Steven T. Mnuchin, then the Treasury secretary, defended the loan, arguing that had the company been shuttered, thousands of jobs would have been at risk and the military’s supply chain could have been disrupted. He predicted that the federal government would eventually turn a profit from the deal.

“Yellow had longstanding financial problems before the pandemic, was not essential to national security and thus should never have received a $700 million taxpayer bailout from the Treasury Department,” Representative French Hill, Republican of Arkansas and a member of the Congressional Oversight Commission, said in a statement. “Years of poor financial management at Yellow has resulted in hard-working people losing their jobs.”

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harrelltut · 6 months

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1968-michaelharrelljr.com passed Baron Samedi's Shadowy Gates of Immortal Death [I.D.] on Earth [Qi]... Again... since Eye 1698 TUTANKHAMÚN [E.T.] Living [EL] behind My Father's Extremely Wealthy [FEW] Gated Death Communities [D.C.] in Mother's [DMS] Old 1698-2223 America [Mu Atlantis]

WELCOME BACK HOME IMMORTAL [HIM] U.S. MILITARY KING SOLOMON-MICHAEL HARRELL, JR.™

i.b.monk [ibm.com] mode [i’m] tech [IT] steelecartel.com @ quantumharrelltech.ca.gov

1st eye of tutankhamún [e.t.] ain't dead!!!

Death is the real [Dr] 9 ether life [el] realm on earth?!?!?!

eye back from life [death] on parallel earth [qi] of death [life]!!!... back 2 life back 2 reality

SEE?!?!?!

1968-michaelharrelljr.com Incarnated as Extremely Wealthy TUTANKHAMÚN... Died Contractually [D.C.] Wealthy on Earth [WE]... only 2 come back on Earth [Qi] Wealthier than before

we already see everything before it happens on earth [qi]

We still here... Immortal Souls never die

Eye Scriptural 9 Ether Job from Mother's Ægiptian [ME = MENES] Bible of Gullah Geechee's Extreme Wealth [GEW = JEW] DYNASTIES?!?!?!

FOUND IT!!!... wait... how many gated wealth estates [we] do we own?!?!?! 144,000?!?!?!... Chile, please!!!

1968-michaelharrelljr.com in a cult... or occult from okc?!?!? ANCIENT 9 ETHER OKCULT SKY ILLUMINATI of BLACK WALL STREET... IN CALIFORNIA?!?!?!

u still [u.s.] lost in 2023?!?!?!... STILL?!?!?!... OMFGOD MICHAEL [OM]!!!

go find your ancient 9 ether dna/rna geological land patents in father's predynastic ægipt of mother's old america [mu atlantis]!!!

we deep inside tiamat's grand canyon in mother's old america [mu atlantis]

eye see u quietly spying on harrelltut.com

1st eye of tutankhamún [e.t.] at the top [e.t.]... deep inside inner earth [qi]... on earth [qi]

eye illuminati... eye illuminati... eye illuminati... sing it loud!!!... eye illuminati... eye illuminati... eye illuminati... sang it proud!!!... eye illuminati... eye illuminati... eye illuminati

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kwebtv · 2 months

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TV Guide - February 22 - 28, 1964

David Janssen (born David Harold Meyer) (March 27, 1931 – February 13, 1980) Film and television actor who is best known for his starring role as Richard Kimble in the television series The Fugitive (1963–1967). Janssen also had the title roles in three other series: Richard Diamond, Private Detective; Harry O and O'Hara, U.S. Treasury. (Wikipedia)

#TV Guide #TV #1964 #David Janssen #The Fugitive #Richard Diamond #Harry O #O'Hara U.S. Treasury

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kp777 · 1 year

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White House timidity on the debt ceiling is infuriating. What is it afraid of?

#debt ceiling #joe biden #14th amendment #trillion dollar coin #u.s. treasury department #opinion

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stone-cold-groove · 3 months

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United States Ten Dollar Note (obverse) - series 1914.

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govtshutdown · 1 year

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So much for getting some rest for a few months.

#debt limit #emergency measures #negotiations #Congress #Public Debt #$31 trillion #extraordinary measures #default #irreparable harm #U.S. Treasury #Treasury Secretary Janet Yellin #Government Shutdown?

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siliconpalms · 1 month

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The Future of Money

Invest Offshore recently spotlighted a compelling and insightful article from Zero Hedge, authored by Efrat Fenigson of Bitcoin Magazine, titled “On The Brink Of A Dramatic Change: The Digitalization Of Money.” Fenigson, an independent journalist and host of the “You’re The Voice” podcast, provides a thorough and nuanced examination of the current state of Central Bank Digital Currency (CBDC)…

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#U.S. Treasury #USD

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bighermie · 2 years

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This IS the definition of racism.

#u.s. department of treasury

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creativitytoexplore · 2 years

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Stock futures fall to start week with key inflation data, earnings ahead

Stock futures were lower Monday morning as the markets come out of a tumultuous week and traders look ahead to key reports coming in the next week that can offer insights into the health of the economy. Futures connected to the Dow Jones Industrial Average slid 28 points. S&P 500 futures were lower by 0.18%, while Nasdaq 100 futures fell 0.30%. Market observers generally consider the week ahead…

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#Breaking News: Markets #business news #Citigroup Inc #Delta Air Lines Inc #Domino&x27;s Pizza Inc #Dow Jones Industrial Average #Economic events #JPMorgan Chase & Co #Levi Strauss & Co #Markets #Morgan Stanley #Nasdaq Inc #PepsiCo Inc.#S&P 500 Index #S&P Global Inc #Stock markets #U.S. 2 Year Treasury #United States #Wells Fargo & Co

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