by Mitch Feierstein about 3 months 4 weeks ago
Why we need to audit and shutter the U.S. Federal Reserve. The Federal Reserve has nothing to do with the federal government and is not a bank.
Inspector general. What a laugh. This is not how democracy works. This is an oligarchy. The “bull markets” over the past decade were based entirely on the Central Banks buying equities and recklessly providing hundreds of trillions in liquidity. Earnings peaked long ago, accounting gimmicks, buybacks el al – only work until they don’t. In the USA, for example, Q4 saw Jerome Powell’s Federal Reserve provide 500 billion in QE, which he dared to say was not QE. Not only that, but what’s worse, much worse is the Federal Reserve is now monetizing debt, washed through primary dealers. Everyone made big money in the past decade, but this new decade we will see the “big unwind,” and it will be ugly.