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To: MeneMeneTekelUpharsin

I would take a little different tack on the covid economic issues.

The Feds dumping trillions of dollars into the financial system is destroying the economy through inflation and reducing inclination for many to work at what was a reasonable labor wage.

Don’t know how to post this graph: https://fred.stlouisfed.org/series/M1V

St. Louis fed publishes a chart depicting the velocity of m1 money. For every dollar there should be a multiple effect in the economy. Lowest it has been since 1960 was 3.

It is now 1 : 1. There is zero benefit gained for the New trillions of dollars the Fed is pushing.

This doesn’t end well.

And I heard something like a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius (a day’s wages), and three quarts of barley for a denarius; and do not damage the oil and the wine.”


92 posted on 04/26/2021 6:09:41 AM PDT by zek157
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To: zek157

You are correct.


109 posted on 04/26/2021 6:22:38 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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