Forget piddly 25-50 point interest rate hikes. The real pain will start June 1st. Fed will start reducing its balance sheet. (Explanation in comments)
(media.greatawakening.win)
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Runoff, or Quantitative Tightening is the opposite of what Fed has been doing for the past 2 years - printing money. Essentially, every month they will let ~$50 bil worth of bonds mature and do not reinvest it in the new Treasuries.
What does this mean? It pulls the cash from the market. Right now the entire economy is running on fumes, by the money printed by Fed (almost $80bil every month for the past 2 years).
Think of a bubble that has been blown bigger and bigger and the whole world is having a picnic on top of that bubble. What they are going to do is like bursting the bubble.
I hope Anons are prepared. I hope they have enough cash on hand, invested some of their savings in gold and silver (and crypto if you believe in that), stocked up on food and water and everything else required to survive the bumpy road.
I hope we only walk in darkness for 10 days, but my gut tells me we should be prepared for this to stretch for a month or two. It will be a near death experience.
On the bright side, I dont think things will get dire right away. Perhaps a couple months of tightening before things pop. No one knows, we have to wait and see.
i think they will attempt to keep things afloat thru november but yes june it starts in earnest
What's the worthless cash going to be good for? Is there going to be another run on toilet paper?
Purchase stuff from people who are stupid and don't understand what's ACTUALLY valuable. Gotta save those good resources. ;)
How does Jackson and the greenbacks play into this?
I'm just a layman, but my understanding is Jackson killed the central bank(the "fed"of the time period) at the time and introduced Treasury dollars, known as "greenbacks", which weren't debt banned the wayreserve dollars are. If there is some sort of "white hat" conspiracy to reform the system, wouldn't taking down the Fed and restoring Treasury dollars be an important step?
Blackrock is managing the Fed thru the treasury thanks to Trump's structural changes. On the surface it looks like a private investment bank controlling a semi private central bank controlling the dollar and all stock prices. Other theories exist, but on paper Larry Fink runs the show.
is it possible that's why the people puppeteering biden are trying to crash the economy?
I hope you are correct
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Do you know why the US Debt Clock shows credit card debt falling? I watched it fall 4 billion this week. Also, why is mortgage interest (received and paid) falling? Thanks for your insight.
The only thing I can imagine is people are defaulting...
Maybe. I can't wait to find out.