Posted on 12/04/2022 7:17:35 AM PST by Kaiser8408a
We are truly living in Strange Days under Joe Biden. And with Elon Musk’s release of Twitter’s suppression of the Hunter Biden laptop scandal, they call Joe Biden the Sleaze.
As The Federal Reserve tries to crush Bidenflation, we are seeing Fed Remittances to the US Treasury soaring (white line). At the same time, we see the Biden Administration draining the Strategic Petroleum Reserve (orange dashed line). And as The Fed tightens, M2 Money growth crashes (green line).
And with tech layoffs, I predict that 2023 job growth will be pretty bad.
As I have discussed before, I am a fan of ADP’s job reports and not a fan of the BLS NFP reports. As M2 Money growth slows, we can see declining ADP jobs added (yellow line), but BLS’s NFP report shows huge spikes.
Lastly, we have Sam Bankman-Fried and FTX. SBF should be in custody for being involved in one of the biggest fraud cases in history, but like Hunter Biden, is roaming free and trying to raise MORE funds. Why are these lapses in justice occuring with “10% for The Big Guy” Biden?
(Excerpt) Read more at confoundedinterest.net ...
Not a fan of the source.
Let me just say most in the biz are predicting an actual recession (not the one we went through this year that was denied) sometime next year. The Fed may start lowering rates once that happens, inflation be damned.
Bonds have become much more interesting.
Agree nobody can prove that not true he’s so crooked when he dies they will have to screw him into the ground.
Good time to recall that during DJT’s first term, the FED was moved to be under the Treasury.
Effectively, ‘nationalizing’ what used to be a private corporation for the Deep State Cabal’s central bankstering system.
That chart shows Fed Remittances to the US Treasury crashing.
Since 1960 M2 has only gone down slightly once. Never before has it grown so much so fast. How can anyone not see the source of inflation? Too much stimulus. Too many give aways.
“Since 1960 M2 has only gone down slightly once. Never before has it grown so much so fast. How can anyone not see the source of inflation? Too much stimulus. Too many give aways.”
The unenlightened and uneducated are easily redirected to the reduced RATE OF GROWTH in M2 as a harbinger of imminent depression.
Meanwhile, the fed continues to expand M2 at a rate above the rate of growth of the real economy...even a shrinking real economy.
These same uneducated then claim our inflation is not the result of monetary excess.
Fools.
From $22.052 trillion to $21.347 trillion.
That's down more than 3% in 6.5 months.
Look at the 5 year curve and you will see it is still nearly triple what it was then.
I agree, it's ridiculous. But your claim was....
Meanwhile, the fed continues to expand M2 at a rate above the rate of growth of the real economy...even a shrinking real economy
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