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Thread: Powell finally doing the right thing

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    Default Powell finally doing the right thing

    A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

    Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

    This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

    So time to trim those sails kids. Dont say you were not warned.
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Celticguy View Post
    A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

    Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

    This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

    So time to trim those sails kids. Dont say you were not warned.
    The Fed is out of ammo and hopelessly out of step with reality, they will not be saving us.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Hawkeye10 View Post
    The Fed is out of ammo and hopelessly out of step with reality, they will not be saving us.
    at least they will be hurting us less. better than nothing...
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Celticguy View Post
    at least they will be hurting us less. better than nothing...
    We are looking at both runaway inflation and at best a very deep recession at the same time....they are fiucked....we are fucked.

    OH, and because of idiotic foreign policy and years of making far too many Dollars the Dollar is in big trouble too.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Hawkeye10 View Post
    We are looking at both runaway inflation and at best a very deep recession at the same time....they are fiucked....we are fucked.

    OH, and because of idiotic foreign policy and years of making far too many Dollars the Dollar is in big trouble too.
    the 14 years of quantitative easing will make this recession very bad, no doubt about it. but ignoring it isnt fixing it. the piper was going to have to be paid at some point. Should have been before now but Wall Street said no.
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Celticguy View Post
    the 14 years of quantitative easing will make this recession very bad, no doubt about it. but ignoring it isnt fixing it. the piper was going to have to be paid at some point. Should have been before now but Wall Street said no.
    The Chinese fully understand the situation, which has a lot to do with why they are pushing now, they are sure that the West is completely rotted out and ready for collapse, all it needs is a little push to finish the job.

    Our infant Western leaders have yet to figure this out....Ukraine might well be our Waterloo.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Celticguy View Post
    A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

    Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

    This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

    So time to trim those sails kids. Dont say you were not warned.
    Selling off the corporate bonds has nothing to do with inflation. That scam allowed Wall St. to grow during Covid, as corporations took the money and did stock buybacks/dividend hikes/CEO pay increases.

    It was a terrible idea back then, although the Fed did earn a few pennies in interest.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by Hawkeye10 View Post
    The Chinese fully understand the situation, which has a lot to do with why they are pushing now, they are sure that the West is completely rotted out and ready for collapse, all it needs is a little push to finish the job.

    Our infant Western leaders have yet to figure this out....Ukraine might well be our Waterloo.
    China is facing massive defaults due to their own stupid decisions as are the US and Russia. This "war"s goal is to conceal the financial collapse and provide the excuse for the New World Order Pedo Joe was talking about a week or so ago.

    It sux to be a UKR citizen as they are the ultimate pawns in this passion play.

    It sux that we allowed China to install Pedo Joe to facilitate this fraud.

    But nothing is going to suck like whats coming.
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Althea View Post
    Selling off the corporate bonds has nothing to do with inflation. That scam allowed Wall St. to grow during Covid, as corporations took the money and did stock buybacks/dividend hikes/CEO pay increases.

    It was a terrible idea back then, although the Fed did earn a few pennies in interest.
    selling off the balance sheet hurts markets & gdp.
    the Fed will have to get more aggressive on interest to bend the inflation curve before we cant service the debt.
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Celticguy View Post
    China is facing massive defaults due to their own stupid decisions as are the US and Russia. This "war"s goal is to conceal the financial collapse and provide the excuse for the New World Order Pedo Joe was talking about a week or so ago.

    It sux to be a UKR citizen as they are the ultimate pawns in this passion play.

    It sux that we allowed China to install Pedo Joe to facilitate this fraud.

    But nothing is going to suck like whats coming.
    There will be massive defaults all around, the fact that we are pretending that debts will be paid which clearly wont be paid is the way you know that this global economic system is ending.

    China will decide what comes next, they will design the new system.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Hawkeye10 View Post
    There will be massive defaults all around, the fact that we are pretending that debts will be paid which clearly wont be paid is the way you know that this global economic system is ending.

    China will decide what comes next, they will design the new system.
    yup
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Celticguy View Post
    yup
    We decided late 80's early 90's that we would rather rig the system than try to fix the system.

    And here we are.

    Buckle Up.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Celticguy View Post
    A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

    Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

    This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

    So time to trim those sails kids. Dont say you were not warned.
    I hope you are wrong, but if it happens now I’ll be very glad, I took About 80% out of the market two weeks ago for a project I’m working on.
    4,487

    18 U.S. Code § 2071 - Concealment, removal, or mutilation generally
    44 U.S.C. 2202 - The United States shall reserve and retain complete ownership, possession, and control of Presidential records; and such records shall be administered in accordance with the provisions of this chapter.


    LOCK HIM UP!

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    Quote Originally Posted by Celticguy View Post
    selling off the balance sheet hurts markets & gdp.
    Fake market propped up by what the Right likes to call Socialism. The Fed should have let the market do what truly free markets do. But we never do. Privatized gains and socialized losses.

    We now know that billions in Covid stimulus went to millionaires who stole money for purchasing lavish villas/cars/yachts, etc.
    the Fed will have to get more aggressive on interest to bend the inflation curve before we cant service the debt.
    Whereas I welcome interest rate hikes, this inflation is a delayed reaction to trump's tariffs, and a shut down of China during Covid.

    It's a supply chain issue coupled with corporate profiteering.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by Celticguy View Post
    the 14 years of quantitative easing will make this recession very bad, no doubt about it. but ignoring it isnt fixing it. the piper was going to have to be paid at some point. Should have been before now but Wall Street said no.
    Ohh, there's plenty of doubt about your silly prediction. Your petty Chicken Little Scare Tactics are lame and nobody's listening.
    This is what the far right does. They did it for eight years of Obama. Remember: "America as we know it will cease to exist"? Yeah, that was a good one.

    BWAAHAHAHAHAHAHAAAAHAHAHAHAAHAHAHAHAHAHAHAHHAHAHAH AHAHAHAHAHAAHHAHAHAHAHAHA!!!
    Republican Congressman Ken Buck:
    “We’re at a time in American politics, that I am not going to lie on behalf of my presidential candidate, on behalf of my party. And I’m very sad that others in my party have taken the position that, as long as we get the White House, it doesn’t really matter what we say,”



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