Really hope this does not get move to economics. The Current FED meeting is proof of just how bad things are and Americans have no clue. 2008 bank bailout was a huge mistake. The FED said they would unwind their balance sheet. That meant all the free money that was injected into the economy for the Government and to the banks would be taken care of. They started last year and it should have lasted several years, along with the interest rate normalizing up to 6% or close to it. They failed to do this and that is proof that the continued PONZI SCHEME of injecting money, freshly printed money into the banks and hope it trickles too you wont work. They had to stop the unwind, go into reverse and NOW going to QE again because there is no money out there for the banks to lend to each other. It is all lent out. If you understand it ! That is why the over night repo rate went to 10%. It is insanity that is barely controlled by the FED (a private bank playing games) under the guise of a federal entity. They try to make it all sound confusing, too confusing for us to understand. But know this, friends of the FED, other banksters get money at 1% interest rate, then lend it to you at 6% - 25% credit card... They have it all lent out and now the FED must print more free money for the rich.. It has destroyed our working class and does not belong on the sidelines of news, it should BE THE NEWS ! It really is way more important than the dem debates... Socialism you worry about ? That is exactly what they are doing, only they dont give it to you, they give it to themselves...
jesus, Quad, if you would've just bought some Microsoft (like I told ya last December) you wouldn't be so damn cranky. Anyway, I see the Fed cut their interest rate AGAIN … the second time in six weeks, no less … to try to help the sputtering, failing drumpf-gop economy. Don't look back, donnie … the RECESSION monster might be gainin' on your obese republican ass... https://www.investopedia.com/why-cfos-expect-a-recession-in-12-months-4770518
And trump requested the fed to give banks a ‘below zero’ rate. That means the taxpayers are paying the banks to lend money and then they turn around and charge interest on top of it. The entire thing is absurd and indicative of a much larger issue that we will more than likely be forced to confront sooner rather than later. The can has been kicked for far too long by everyone in power.
Lets see... The banks run out of money because investors are taking it out to pay for bonds to finance the debt. So the gov't gives them some more money. Somethings strange about this.
