Posted on 12/27/2021 9:51:51 AM PST by Browns Ultra Fan
The global economy has certainly been turned on its head by the COVID outbreak in early 2020. Not so much by the virus itself, but by Central Bank hysteria in terms of rate lowering and balance sheet expansion. Which The Fed has not yet unwound.
Let’s look at what has happened since the mini-recession caused by COVID in early 2020. The shortest recession in US history, a measly 2 months. The Fed expanded its balance sheet from $4.17 million in February 2020 to $8.79 million today. That is, The Fed over doubled the size of their balance sheet in reaction to the shortest recession in US history. Overreaction much?
What has happened since the mini-recession and The Fed’s massive overreaction?
First, gold (gold line) surged then calmed down. Then cryptocurrency Bitcoin (while line) surged, then calmed down, then surged again only to calm down again. Then crypto Ethereum surged, calmed, surged, calmed. Meanwhile the US Dollar Index crashed only to start rising again.
The Fed’s overreaction and failure to withdraw excessive stimulus has led to the rise of alternatives to the deflating dollar due to inflation.
When will The Fed ACTUALLY start removing the overreaction stimulus? Let’s get it started.
Perhaps only April Ludgate can kill The Fed’s overreaction stimulus.
(Excerpt) Read more at confoundedinterest.net ...
So close. I thought the writer was going to actually have an idea to share. But no. Just wahh wahh.
Destroying a nation’s currency value is an underlying tenant of the Marxist plan to subvert an existing government so that it can be replaced.
“The Fed expanded its balance sheet from $4.17 million in February 2020 to $8.79 million today.”
The fed total balance sheet is a little less than $9 million? Good to know the entire debt is less than a Manhattan condo.
Put it this way, if you planned on filing for bankruptcy in three weeks.... you might max out your credit cards for a trip to Cancun, fill up your cars, stock up your freezer and pantry, and pay that past due electrical bill.
This is the activity of those who have no intent to repay.
The goal is to collapse the US Dollar, blame it all on corona and anti-vaxxers, move to the “digital dollar where they can monitor and control everything.
The borrow and spend orgy helps that collapse come quicker.
“million-million” to be accurate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.