The A-Hole at J-Hole. New name for Federal Reserve Board yearly meeting.
(www.federalreserve.gov)
🧠 Memory Hole 🕳️
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Not a full win yet. Moving Federal Reserve Bank under the Treasury Dept. was the partial win so far. Media still covering this up, so must be good.
Federal Reserve Bank looks handicapped at the moment, and unclear if that will turn out good or bad overall. Looks headed for liquidation at the moment as their usable assets get eroded from "paper" losses.
They look trapped. Raise rates too high and they more quickly burn up their remaining assets with monthly negative cashflow (currently estimated at -$560B). Drop rates too low and hyperinflation kicks off sooner, more quickly collapsing the dollar.