Loading ...market or centrally planned marxet
Still can't get over how crazy this is!
Since Q2 2019, nearly 90% of the Federal Govt. Bond issuance has been purchased by the Bank of Canada. pic.twitter.com/i2mcqbC76j
— Richard Dias (@RichardDias_CFA) November 29, 2021
Federal governments get the credit, no questions asked.
While the monetary inflation via bond purchases devalues the currency, and erodes the purchasing power of the private sector.
And as federal governments borrow more, they spend more, and they insist on more power and use it.
The root of all evil isn’t money, its the central bankers underwriting the erosion of our freedom.
Sven Henrich
“Sending the assets of the rich to the moon, showering the poor and middle class with 7.5% inflation & negative wage growth.
We are the US Federal Reserve and we’re here to help.”
Inflation is more like 20% here.
7.5% is the official figure.
Even my 18 year old college going daughter knows that.
It hurts her every day to waste her dad’s hard earned money on food costs that are rising at an unprecedented rate.
May I present a chart from an ex-Tenter?
https://twitter.com/badcharts1/status/1491856673752895490/photo/1
“For the love of money is the root of all evil”
1 Timothy 6:10
“BOJ steps in to curb rising yields, to buy unlimited 10-year JGBs” – Reuters, via RA