NY Fed spends $53 billion to rescue the overnight lending market

And the FED thought it could unwind its balance sheet Call it helping the Repo market, Open market operation, Quantitative easing or any other fancy name. It all means the same thing.

Though i think the MSM is starting to see the market fully died in 2008. The financial markets are a bunch of whinny useless kids that need constant positive reinforcement and support for their daddy.

I'm sure Peter Schiff is already making his "i was right again" video. Clips of the MSM telling him how everything is fine and that the FED will have no issues shrinking its balance sheet and raising rates.

 

A fun video to watch every now and then.

 

Schiff is the man. I listen to everything the man has to say.

 

This goes here. In the SECOND HALF OF THE VIDEO, @ 13:20 mins. Max Keiser talks to Ellen Brown, author of ‘Web of Debt,’ about the ongoing Fed intervention in the repo markets and what this is telling us. Ellen also discusses Universal Basic Income (UBI) and why she believes it is a good policy for the Fed to implement for everyone, not just bankers.
p.s. I personally believe that UBI is COMMUNISM & cannot work, because nobody will want to waste their time & energy creating something if they can get a piece of paper giving them the right to acquire other people's PRODUCE. RANT OFF. _JOHNLGALT. (self educated economist).

 

The bailouts wont rescue anyone as this is just the same obamanomics that is the norm now.
Nothing was fixed in 08 and nothing is fixed today and no one is going to fix it.
Endless debt and money printing is all we have to look forward to.

 

A great video talking about the repo market and other things.

 

Great talk regarding FED operations.

https://macromusings.libsyn.com/bil...nd-the-prospects-for-a-standing-repo-facility

 

Similarities? Poor Powell trying to spin BS.

 

This proves the left has won. Their policies are embraced by both sides now.
Yeah you dont hear Drumphs drum beaters talking about this stuff. Somehow it's better that the right is playing the cards even when obongo did the same stuff.

If they cant keep the consumers spending then they can spend for them. What a joke.
Our entire economic system is on life support thanks to those sellouts.

 

JPMorgan Criminal Case Coming for Silver Manipulations 8.02.2020