This is the work of the most respected central banker in the world. I wonder how it ends.
If you had losses like these at your job, you’d be fired. Fortunately, these aren’t your losses – they’re the Fed’s… pic.twitter.com/YZUe76kXbH
— E.J. Antoni, Ph.D. (@RealEJAntoni) May 2, 2024
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That looks like the chart of an organization that is monetizing it’s debt.
If you think these yackers know what they’re doing listen to this genius:
“The only function of economic forecasting is to make astrology look respectable.”
― John Kenneth Galbraith
Loved that one. We print, then lend… he couldn’t make the leap between we print and then we borrow. The chasm was just too wide. He really sucked the greenie in the end… and he knew it.
I never tire of witnessing how these world beaters are actually friggin stupid.
I thought I had reached the zenith of cynicism about governmental economics stupidity. Watching this video proves I am not even close. What a schmoo this guy is!
Wonder no more, Weimar, Zimbabwe, Venezuela, etc.
They know how it turns out, that’s the point.
Unlike the currencies of those countries, the U.S Dollar is the reserve currency. That is why we haven’t seen hyperinflation despite running up the largest debt in the history of the world. As long as the U.S. Dollar is the reserve currency this will continue. However, foreign countries are moving away from the Dollar, though there is still strong demand for Dollars.
Tim, hyper is just starting to ramp up. Argentina is moving to the USD which will move dollars there , right now 10% of all USD’s are in that country but will increase greatly. That will relieve the inflation somewhat.
Like some man said, ‘collapse comes slowly, then suddenly.’ I believe we are between those events now.
Don’t worry, folks. They’re not your losses … nope, .. not at all. Nothing at all to do with you or your money. Nothing to see here.
Move along.
Mr. Ph.D. is either a liar or a moron with the statement that it is the Fed’s problem. WE THE PEOPLE get to hold the bag every time.
Don’t worry, folks. They’re not your losses … nope, .. not at all. Nothing at all to do with you or your money. Nothing to see here.
Move along.
Sorry. Unintended double post.
Interest paid on debt is a stupid tax!!!!!
See what they had to say about usury in the Bible . I’m sure you probably already have .
More to the point and the core message, read what it says about the love of money.
You’re plowing in the wrong field!