— Although one day’s stock market move means little, let alone one minute’s swing, it is noteworthy that this quote about infinite cash coupled with the commitment by the Fed’s and Treasury’s $trillions “war on this virus” resulted in a +1000 point move in the stock market. It probably won’t hold, since the martial law freeze on economic activity is unprecedented, terrifying and oh so destructive. We as a people have not come to grips with how destructive this national shut down can become.
— The looming Great Depression being crafted by government is being caused by Public Opinion. Yes, that opinion is manipulated by MSM and cheered by Democrat Party etc, but Public Opinion is pushing our leaders to do all this too us. Fear and Blindness of Perspective is the New PC.
— Nothing can stop the flood of money from being unleashed. Let’s just break the bank and fix this. Not fixing it will be worse than the 1930s. 60% of Americans will be wiped out in 6 months. And that destruction will be determined in the next 6 days.
— After Trump wins re-election, fix what we have broken. Remake our economy in the AMERICA FIRST image. That is when our voices need to be heard. His re-election is now more important than ever.
I completely agree with most of that but I don't think the "bank is broke" just yet and 60% of Americans will be wiped out.
Mathematically, there is a premise for Neel's position (I've not read the link you posted, but I will) and I don't claim to be a fan of Neel (or really, any of the Fed guys) but due to the unique combination of Fed, Treasury, Seigniorage, and a Trump presidency, we are on the verge of something massive. Either complete destruction or a complete rebuilding of the US economy.
I'm betting on complete rebuild because President Trump has (cue Liam Neeson's voice) an incredibly wide ranging set of skills and he knows exactly how to play the Fed. My position has been for at least ten years that the Fed risks becoming obsolete because technology is deflationary. They don't really have much to do with out inflation.
Hence, Trump got them to the table and I think he and Jay pretend to hate each other (maybe they do) but they are working together. Obviously, I speculate a lot and can't prove any of this, but love or hate the Fed, they are here for one more round of economic cycle "get rich or die trying".
https://thedonald.win/p/FMEqyIcM/the-fed-has-an-infinite-amount-o/
— Although one day’s stock market move means little, let alone one minute’s swing, it is noteworthy that this quote about infinite cash coupled with the commitment by the Fed’s and Treasury’s $trillions “war on this virus” resulted in a +1000 point move in the stock market. It probably won’t hold, since the martial law freeze on economic activity is unprecedented, terrifying and oh so destructive. We as a people have not come to grips with how destructive this national shut down can become.
— The looming Great Depression being crafted by government is being caused by Public Opinion. Yes, that opinion is manipulated by MSM and cheered by Democrat Party etc, but Public Opinion is pushing our leaders to do all this too us. Fear and Blindness of Perspective is the New PC.
— Nothing can stop the flood of money from being unleashed. Let’s just break the bank and fix this. Not fixing it will be worse than the 1930s. 60% of Americans will be wiped out in 6 months. And that destruction will be determined in the next 6 days.
— After Trump wins re-election, fix what we have broken. Remake our economy in the AMERICA FIRST image. That is when our voices need to be heard. His re-election is now more important than ever.
I completely agree with most of that but I don't think the "bank is broke" just yet and 60% of Americans will be wiped out.
Mathematically, there is a premise for Neel's position (I've not read the link you posted, but I will) and I don't claim to be a fan of Neel (or really, any of the Fed guys) but due to the unique combination of Fed, Treasury, Seigniorage, and a Trump presidency, we are on the verge of something massive. Either complete destruction or a complete rebuilding of the US economy.
I'm betting on complete rebuild because President Trump has (cue Liam Neeson's voice) an incredibly wide ranging set of skills and he knows exactly how to play the Fed. My position has been for at least ten years that the Fed risks becoming obsolete because technology is deflationary. They don't really have much to do with out inflation.
Hence, Trump got them to the table and I think he and Jay pretend to hate each other (maybe they do) but they are working together. Obviously, I speculate a lot and can't prove any of this, but love or hate the Fed, they are here for one more round of economic cycle "get rich or die trying".
The Fed is not your savior boys. It is your mortal enemy. Take no solace in their words or actions.
As the saying goes, it is what it is...
There's much more at stake in all this than a few trillion dollars. If enough people wake up to that, we may prevent the next one.
Who does the Fed borrow money from?