Community Trust ScoreVerified
Peter Schiff Shared: For all the taper talk, during the most recent week the Fed’s balance sheet expanded by another 92.1 billion dollars, hitting a new record-high of 8.757 Trillion dollars. You can’t fight inflation by creating more of it. Powell claims QE will end in March. I’ll believe that when I see it.
Community Response: Why is Powell still buying bonds. It makes zero sense. It’s like he’s trying to screw things up.
They can’t stop. In March, exit all markets. Get into crypto stable coins and earn yield until the dust settles.
Very bad strategy.
Damnit Peter. Start tweeting Bitcoin buy signals again.
The bond market doesn’t believe it; just check the yield on the 30 year treasury.
That means the only chance gold has to increase its price is until March. That’s a tight time-frame. Yikes!
They can’t help the dollar! Inflation and capitalism rose way too much since 2008. There will be a crash to wealth decrease last seen in the 90s. It’s healthy for the world thinking. We live way too good of the costs of poor peoples in the world. Just have a rescue plan.
Why is this so hard for them to see at some point you have to pay the Piper.
MMT will be tried again and again for the next 50 years. Powell has unlimited spending power to buy more and more, and the strong dollar gives him permission. And, inflation can be easily checked with mere words and no action. Easy Peasy.
Counting FED QE properly we add: All the mortgages Fannie and Freddie bought at the neg. real rates of FED; 2. All the Tnotes that primary dealers and hedgies own with $ at 0% from the Fed; 3. The Holdings off balance sheet done for the Fed by Blackrock in 2019. QE is >25 trill.
It feels like everyone sugar coats everything or says what their boss wants to hear. Thank you for the information you provide.
Even that won’t move the SP. Too many really bad corps, zombies, lack Rev. Companies inside of SP. The regs. We have removed over 35 years. We have allowed monopolies to grow. Yet be hidden from reality. 6 corps. Make up 35%. Without them, SP FAILS, so do pension funds.
Growth stocks took a slap on the wrist today, but it was enough to make many people panic. I mean, he told everyone that the Fed is going from buying $120 billion of bonds per month, to buying $90 billion of bonds per month. The Fed is still adding $90B/mo to its balance sheet.
You should believe that Bitcoin is a bubble when you see it, but you never saw it for the past 10 years.
Stop the money printing, raise interest rates, let’s have a real economy and real growth and not pumped up stock prices.
Gold (physical) and Bitcoin are the only ways to protect your finances against this mess.
With no QE and full employment there with be enough production of goods and services to tame inflation.
Bitcoin is going to test 30k. It is stuck between 50 and 30k. Then it goes below 30. Taking a year or so.
Great podcast last night, can’t make this $$ up. FED has successfully gotten everyone addicted to QE and zero rates, regardless of the consequences.
He might be Right. But all thanks to AI. I might be delusional but they did stop the war in Iraq and nowadays we have more advanced technology. You can’t compare the Economy 14+ years ago we’re into the Fire and this Pandemic accelerated it.
