Loading ...Two Fed blogs … “hiking-beyond-when-something-breaks”
first – h/t to RS from S Afr for the first one, which leads to the second
second – these two are NOT fly bys. they get deep into central banking weeds.
third – I like to refer folks to blogs, in the hope that others will tune in often enough to catch important pieces and post them here. None of us have time for it all, and as Columbia noted, this is becoming a superb aggregator board.
These kinds of posts, to my mind, look critical to grasping these early steps toward THE END GAME.
https://fedguy.com/dont-fight-the-fed/#more-4646
“Historically, the Fed provided emergency loans to commercial banks who then lent to everyone else. But that model became less effective with the growing importance of capital markets.” Ie, shadow banking and the Fed’s decision to put Blackrock’s white paper from 2019 into practice. Direct purchases. (Like BOJ with ETFs .. yes, that slippery slope.)
https://withoutwarning.substack.com/p/hiking-beyond-when-something-breaks
I have only skimmed so far. I will post at least one comment from the first blog next.
Count_of_Schlick
July 11, 2022 at 9:56 pm
So the point is what – have friends in the Banking Cartel so you can access some of the alphabet soup acronym named lending programs? The lack of sound money / lack of free markets has absolutely wrecked this country and created extreme inequality, and allowed a bunch of Globalist Kleptocrats to become fabulously wealthy due to their connections to the Banking Cartel, AND allowed an inherently inefficient, wasteful, & coercive monopolist (aka Federal Government) to become a huge liberty destroying monstrosity due to the FED lending it money no matter how big it wants to get….
When will Mr. Wang (& others that make their living from it ) stop being an apologist for the monstrosity known as the Federal Reserve? Probably NEVER, as there is too much to be gained for those connected….
Interesting Piece ( the first one)
Basically saying the Fed can Have their cake and eat it because they can pump money directly into the real economy while raising rates .
Most commenters are skeptical to say the least though
Thanks pedro