Posted on 06/25/2023 5:53:49 AM PDT by Kaiser8408a
It is truly a Fed Inferno!
Money supply growth fell again in April from Jerome Powell And The Fed, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. April’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
Yes, The Fed is printing money like it is going out of style! The war on Covid was similar to other wars fought where the US printed boatloads of money to pay for WWI. WWII, Korea and Vietnam wars. And the war against the middle class (known as The Best Depression). Apparently, The Fed is still waging war against the middle class.
US M2 Money VELOCITY (GDP/M2) is near an all-time low after The Fed went berserk with money printing to combat the Covid economic and school shutdowns.
Then with The Fed’s massive monetary expansion and sudden contraction, we have REAL average weekly earnings growth YoY in negative territory for 25 straight months.
The Walking Dead’s Negan, the poster child for The Federal Reserve.
(Excerpt) Read more at confoundedinterest.net ...
The economy is like an ocean. The fed tries to control the incoming tide with a teacup. Unfortunately, they pour the contents of the teacup into our mouths. The real objective though is to keep Biden from looking bad and to make the economy crash on the next president’s watch.
I was watching an interview with Ben Shalom Bernanke a former chairman of the fed. He was credited with doing amazing things using the tools of the fed. In the interview he admitted, Yeah, I got lucky.
All the tools to stop wild swings are in place. But nobody wants an economy that just gets along without much growth and not hurting anyone. They want wild growth. Because of the end of globalization and massive declines in world population the era of growth is over. There will be modest growth here or there but lots of people getting stinking rich from a constantly rising economy won’t happen again in our lifetimes. The baby boomers are retiring and pulling out of the markets. The follow-up generations aren’t interested in working as hard as the boomers or moving to where the jobs are. And, in general, people around the world are buying less stuff. That’s because there aren’t as many people and there are lots more homes and cars around already than are needed.
Does M2 include “money market ETFs” as well as money market mutual funds?
There are also a number of other ultra-short funds that seem to be growing.
Bluebell ice cream is $8.32 per half-gallon now. Passed it up.
From the article we have this...
“Money supply growth fell again in April from Jerome Powell And The Fed, plummeting further into negative territory”
And this...
“Yes, The Fed is printing money like it is going out of style!”
Sounds like a contradiction. If the fed is printing so much money why, then, is the money supply growth negative?
Excellent! They are creating more dollars, not printing. Next month could bring about the beginning of big changes... possibly the road to a cashless society; we would not be the first to move in that direction. Inflation plus shortage of dollars is not good.
Digital currency, already prominent in the U.S., adds govt control to your spending.
“They are creating more dollars, not printing.”
Of course, that’s what people mean by “printing” today - it doesn’t mean physical paper, but a number in a bank account. It’s an archaic reference to a time long past. And whatever physical money is actually printed is done by the treasury department not the fed.
Very little of the total money supply is physical money.
Money is in short supply because so much is being bled off and stuffed away in foreign bank accounts.
Add to that the billions that the Cartels are sucking out with drug sales AND money being sent home by the illegals.
Someone needs to come up with figures on this. I know that BAC is the only bank through which the chinese can send money to china.
And your source for that is?
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