RE: Will the Fed risk knocking down the whole house of cards in an attempt to get Biden reelected (or at least keep him within the margin of fraud)?
If the Fed tries to help Biden reelected, then this house of cards collapses.
Neither borrowing money nor printing it is a magic trick.
Our society’s resources are what they are, and politics can only redistribute them in the short run, not fundamentally solve the problem of scarcity. The reason why millions of Americans are struggling with the cost of living is because the government printed too much money during COVID.
And now the reason that millions of Americans can’t buy homes is because the Feds are crowding them out by investing billions in pork-barrel projects in swing states.
What happens next? The government won’t slow down its spending, and they (probably) won’t raise taxes, so yields are liable to hit new highs in 2024. Taken to its logical conclusion, that means the potential for 6% Treasury yields, 9% mortgage rates, and 8% car loan rates.
How BlackRock Conquered the World (Sep 19, 2023)
https://www.corbettreport.com/blackrock/
Nobody admits knowing this was coming. Imagine, a investment group running the NY Fed?
Larry Fink? Look at his track record. He started with a huge collapse and has replayed it several times.
Too big to fail?
Global is just TOO BIG!