this makes me happy
great read
I always felt that "Gold shall destroy the FED" meant that Trump (Goldie) destroyed the FED, which he did by making them buy tons of Treasury debt
The Treasury now OWNS the Fed. Capice?
>"Longer-term Treasury notes and bonds (excluding inflation-indexed securities) comprise over two-thirds of that expansion, with holdings of those two types of securities increasing from $2.2 trillion on March 18, 2020, to $4.3 trillion on April 14, 2021 — or a 98 percent increase."
https://www.pgpf.org/blog/2021/04/the-federal-reserve-holds-more-treasury-notes-and-bonds-than-ever-before
This
The real question is what happens when the Treasury yield increases? The Fed's holding will amount to shit. They'll flatten the curve by raising short term rates
Remember when Trump said we'll inflate our way out of debt?
Foreshadowing? Look at the 30yr Bond yield. It's been going up. Foreign govts would drool over high interest Treasuries.
We hit rock bottom. No where to go but up.
No. China infiltrated and bought up everything with the goal of destroying America (thanks to Bushs, Clinton, Obama). They created this mega conglomerate, but now they can't pay shit back because they're broke.
Why do you think the MSM & Globalists were screaming at Trump's tariff's? He bankrupted the Chinks.
What am I missing? bcuz I don't get it
America has no other choice but to become the world's manufacturing powerhouse again.
What other country has a stable govt & citizen work force that would bring investors? None
Europe is fkn dead. China is a paper tiger.
If Universities stop pushing a Bachelor's degree in fkn Interpretive Yoga and created more mechanical/manufacturing degrees, maybe people can actually come out with something useful & help the nation
The fkn madman!