So they hiked themselves right into a banking crisis while peddling a soft landing narrative forcing them to intervene before they even got to a pause.
Once again the Fed has shown itself to be utterly oblivious to the risks right under its nose.
The incompetence is stunning.
- Sven Henrich
Wealth Theory
wealththeory@nostrplebs.com
npub1xqzd...ej64
Optimistic
BIDEN TO DELIVERS REMARKS ON MAINTAINING A RESILIENT BANKING SYSTEM AT 8 AM ET - WHITE HOUSE
Wonderful, let’s have our senile great grandfather assure us everything is ok and under control.
🟠🤣
The FED is backing off on hikes because they are breaking things, not because inflation is under control.
In other words, the Fed has lost control of inflation.
In other words, we are looking at the very real potential for hyper-inflation.
In other words, might be a good time to learn about Bitcoin.
2-YEAR YIELD FALLS OVER 3% AFTER GOLDMAN SAYS NO MARCH FED RATE HIKE
So what about inflation? The Fed is not in control.
If this banking crisis isn’t making you think about Bitcoin… wait for the next one I guess.
🟠
Soft landing with bank runs and bailouts 😂
This is so bullish 🟠
THE US TREASURY TO BACKSTOP EMERGENCY LOANS WITH $25 BILLION TO START
FEDERAL RESERVE WILL MAKE ADDITIONAL FUNDING AVAILABLE TO BANKS
SVB banker discusses bail out options in 2 minutes.
Very insightful!
https://twitter.com/Wealth_Theory/status/1634956878617907200?s=20
FDIC auction of Silicon Valley Bank underway — Bloomberg
Our bank deposits are like Santa Clause. They only exist if enough of us believe they exist.
JANET YELLEN: CERTAINLY NOT LOOKING AT REPEATING BANK BAILOUTS OF PAST
Rock — the FED — Hard Place
Joke of the day:
It’s a soft landing.
With bank runs.
The Fed blew up a bank. Literally. SVB went broke because they were long treasury bonds!
This was not a market decision. This was a policy decision to be “tough on inflation.”
Dutch Farmers declaring war!
If that’s not a revolution speech, I don’t know what is.
X (formerly Twitter)
Eva Vlaardingerbroek (@EvaVlaar) on X
🇳🇱Our farmers are fighting against the worst kind of injustice: a government that has turned on its own people.
The government created a lie...
Working class Bitcoiners are critically underrated.
Taxpayers are only forced to socialize losses because they haven’t elected Bitcoiners in democratic elections.
Crazy
You’d have to be a lunatic to be against bailouts. Bailouts lead to opt outs.
🟠 waits.
QE Infinity 🟠