Insisting on buying trillions of dollars in assets, including MBS into a supply constrained housing market during a time of record fiscal stimulus causing a historic asset bubble while purposefully targeting to run inflation above their target was a colossal boneheaded mistake.
— Sven Henrich (@NorthmanTrader) October 21, 2022
Then all year since last year they put out positive GDP growth forecasts in the 4% range which they had to continually revise down again revealing their incompetence in assessing how the real economy works. Completely off base.
— Sven Henrich (@NorthmanTrader) October 21, 2022
Just in June Powell said he expected 75bp rate hikes to not be common and now he's done 3 in a row going on 4 again showing nothing said can be believed or is credible in face of reality.
— Sven Henrich (@NorthmanTrader) October 21, 2022
In 2018 right to the end of the year they made everyone believe they would continue raising rates in 2019. Instead they cut them 3 times with unemployment at 3.5% and inflation at their target of 2%.
How can they be trusted with their "guidance"?
They can't. That's my point.— Sven Henrich (@NorthmanTrader) October 21, 2022
And yet nobody is held to account, nobody gets fired and the middle class and most vulnerable get to pay the consequences for all these mistakes.
It's just not right.
Rant over.— Sven Henrich (@NorthmanTrader) October 21, 2022
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Reformed? No. It needs to be eliminated.
So do its members.
The Federal Reserve and its’ partner IRS cannot be reformed no more than the public school system can be reformed (and probably the FBI and CIA); they need to be eliminated and replaced by new organizations with new charters.
Or just eliminated and NOT REPLACED.
Federal Reserve (private banking cartel) working in conjunction with Government Agencies?
Sounds like Fascism to me, Bill!
I think America has a Nazi problem.
Ashkenazi problem ?
Please identify the big businesses and industry cartels that DO NOT work in conjunction with government in one way or the other. Not a serious question…there are NONE.
Fuck you and fuck your change in leadership bullshit. End the madness this unConstitutional organization has been inflicting on our country and the world for over 100 years.
And replace it with…what, exactly?
GOLD AS NATURAL MONEY
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Starting at 50k an ounce could be a good start.
(Not my down vote Central)
Why does it merit replacement? It thrives on fairy dust fiat money. Anything that would inject trillions of dollars of unearned capital into our economy knowing full well that the nightmare of inflation will result needs to be eliminated.
Government is the greatest evil ever created by man, followed closely by central banking (yes, technically created by the usual suspects, but projected by government), and government monopoly “education.”
Sorry, meant to write “protected by government”
The Fed’s buying [with book-entry credit] of more than $20 trillion of bogus MBS and Treasury securities from the TBTF banks [alleged to be] shareholder owners of the FRBOG, Inc., was a case of the banker/owners who had lost their shirts in derivaties using the Fed to prevent their bankruptcy.
Ref. https://stateofthenation.co/?p=116267 THIS IS OUR BANKING SYSTEM.
Wasn’t this the weekend that the moon-cycle guy was predicting things won’t open on Monday?
In other news, water is wet.
Secession is the cure to the terminal cancer that The Fed deliberately spreads.
Secede from DC, restart commodities backed currencies, and tell The Fed to pound sand.
The Elephant in the room! Debt!!
“Stock Market MANIA”, a favorite indicator reviewed very well. Margin Debt!!! Long way to down-stopping!!
Ya think that the brokers and banksters are willing to loan money at high rates to customers to buy more stocks from them??