Posted on 06/17/2021 2:28:43 PM PDT by yesthatjallen
Largest banks are purposefully sitting on trillions of dollars of excess reserves. Letting those reserves into the economy would cause massive inflation.
Now they’re getting a 50% raise in the interest they get paid for doing nothing. Not a bad deal, if you’re one of the masters in the game.
Yep, as a famous philosopher once said: “Someone is going to do some thing”.
Combine this with Gold going to the stricter requirements of Tier 1 next week, as per Basel III.
I have no idea what the TOMOREPO Index is, but that chart looks really scary.
Probably doesn't matter much at this late date. The system (aka, FED) is going down. So, those billionaire masters will be the ones holding the dollar time bomb blows up and standing up when the music stops.
We’re all gonna die.
But not from this.
We’re all gonna die.
But not from this
-—’THE SKY IS FALLING! THE SKY IS FALLING!!.....somewhere
“The system (aka, FED) is going down. So, those billionaire masters will be the ones holding the dollar time bomb blows up and standing up when the music stops.”
That wet dream will only lead to disappointment.
They can’t find creditworthy borrowers to loan the money to, so they’re pretty much stuck.
Big Banks are a scam. Lehman Bros. didn’t pay off the right guys obviously.
Central banks never die . . . they just keep adding more zeros.
It has been, agreed. Was supposed to happen years ago, but 911 and other things got in the way.
I'm very optimistic this time is the charm. Trump led the way.
NCSWIC.
Its clear that everyone was afraid to Repo during Trump, because he was bad, but now that Biden is in charge, and America’s standing has been restored, the world is willing to REPO again!
Charts are pointing up! Its all good!
“Combine this with Gold going to the stricter requirements of Tier 1 next week, as per Basel III.”
I own gold stock, could you summarize this?
Convert any “paper” gold to physical. ASAP.
NESARA is coming, and that means Deep State actors like the FED and COMEX are being dismantled, slowly but surely, as we watch.
“Paper” gold/silver are one of the ways the Deep State operates financially. They have been and are holding down the price. Today’s drops, IMHO, are a courtesy to precious metals short holders to bow out, while they still have some semblance of control.
Fed creates “money” out of thin air, “lends” it to the banks at near-zero interst...banks “deposit” it at the Fed which pays them interest.
What could go wrong?
“What could go wrong?”
I can’t think of anything...
Thanks for the info.
They can't lend it. They are just hiding it all in a place where it doesn't immediately destroy the economy, and they get paid interest on the holdings to just have it sit there.
You might think of it as money laundering on a very grand scale.
Sums up the forces in our society that I can easily live without.
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