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The Federal Reserve building needs to be erased
The Federal Reserve is the ‘Chaos Knob’, manipulating the fiat dilution as a type of reverse Ponzi Scheme.
Pay no attention to the man behind the curtain!
For real! 😢
Of course not, it’s a magic trick
you can polish a turd all day and in the end you just got a shiny turd
A polished turd ends up being a smelly mess
His rich man laugh gets me every time 💀
It’s a condescending affectation, but he is occasionally insightful, between ejaculations, so forgivable.
Call em out George
I’m going to spend my 2k rebate check on king crab legs and fried chicken
Gold or silver would be a better option. Or steel, aluminum, copper, lead and brass.
😅😅
@roflchopter11 whoosh
@alexlogan202indeed. I get it now.
Not a lot of food then 😅
Ok Tie this to the Triffin Dilemma! We are in much worse shape than most understand.
Run away inflation incoming.
HYPERINFLATION
( IS )
CURRENCY COLLAPSE
My jaw dropped when Powell said that about the jobs numbers and was even more shocked that the markets didn’t react when he said it. But the markets finally reacted on Friday, that’s for sure!
Markets were able to react this time coz they locked out the opponents acc on Friday
Thanks George, appreciate everything you do!
You crack me up. Even more importantly you teach really well! ❤
I enjoyed this vid a lot! Cuestions:
1.- Treasury has been spamming T-bills. If there’s lack of it, why wouldnt the Treasury just keep spamming more? Cheap financing for them and availability of collateral in the system. I’d guess you just don’t run out of “houses”?
2.- When liquidity (reserves) is plenty and the FED is flooding you with it, you don’t want to just keep it in your balance sheet as pasive, I’d guess? And that inclines the banks to lend, that’s the whole point of it (wait, thats maybe why interest rates need to be at 0 first!)
Thanks George and rebel crew
Now we just have to ask ourselves what happens to an economy of zero manufacturing and the bottom 90% are broke with no collateral and loaded up with debt.
Infranomics pointed this out in the middle of September and you as well both covered the collateral blowing up in the subprime auto market
The repo blow up in 2019 was the reason I got further into economics. It freaked me out and I started learning.
I really appreciate the charts and animation – great job editor! Thanks very much for a great video.
George is crazy curious about banking details