Waiting On the World to Change…

tradefag here: been following Marty for years, been to many of his World Economic Conferences, brilliant man.

good read for perspective.

Is Trump Nationalizing the Fed?

Here we go with the same old hypothesis over the Quantity Theory of Money that Trump is (1) nationalizing the Fed and (2) the Fed’s actions are worse than the virus, and (3) Forbes proclaims that the Trump & the Fed are destroying the dollar. It is really fascinating how these propositions running around are not only foolish, but the classic myopic view that the world begins at the California shoreline in the Pacific and ends on the beaches of Virginia at the Atlantic. Oh yes, there is Canada to the North and Mexico to the South. But who pays much attention to them anyhow. Canadians just come to America for holidays and Americans go to Mexico for a holiday and to eat Tacos.

The Washington Post showed not only its profound bias against Trump, but also its total ignorance of financial and the Federal Reserve. The reported:

The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus. Similarly, we need to ask if the cure of the Federal Reserve getting so deeply into corporate bonds, asset-backed securities, commercial paper, and exchange-traded funds is worse than the disease seizing financial markets. It may be.

If the Washington Post ever bothered to do actual research instead of just promoting their personal political agenda, they might discover that the original design and purpose of the Federal Reserve was to support the economy directly. They were to buy corporate paper to PREVENT companies who could not borrow from laying off their employees. It was Congress that usurped the Fed for World War I and directed them to buy government paper EXCLUSIVELY. Congress nationalized the Fed a long time ago.

The Washington Post’s slogan is Democracy Dies in Darkness. So, why are they constantly only pushing their political agenda? Are they not keeping the people in the dark?………..

The Euro has rallied BECAUSE capital is being taken home to cover losses everywhere. These people are obviously ignorant of what a LIQUIDITY CRISIS is all about. At the WEC in October, we warned we were entering a Liquidity Crisis stemming from the rise in Country Party Risk and this would be a different crisis all together because we faced a Bond Bubble. What is unfolding should be no surprise. The markets have been showing this would be the outcome since the Repo Crisis began September 17th, 2019. They have also no clue what big money does on a quarterly basis. I suppose this gives new meaning to the saying: Ignorance is Bliss!

https://www.armstrongeconomics.com/armstrongeconomics101/economics/is-trump-nationalizing-the-fed/