Steve Cortes on Retail, Housing Markets; Inflation

[Citizen X]

 

[olde reb]

Biden and Pelosi are not the ones crashing the economy. The Fed has increased its asset holding by $5 trillion in the past 3 years. They bought T-securities with book-entry money [price inflationary] from [alleged] many commercial banks that own the Fed. ref. https://stateofthenation.co/?p=116267 Powell has stated he is going to sell the securities to the government---which would take bank reserves out of circulation. This is inherently deflationary.

The Fed is deliberately crashing the economy to bankrupt the Nation. Covid and Ukraine is part of it.