#repocrisis — Public Fediverse posts

@sun did you get to the part in september when the central bank had to start printing $10 billion a day to stop the banks from stabbing each other in the back, and how the money printing did not stop and when covid hit that's when they allowed a hit to the market because covid gave them a narrative the plebs wouldnt question?

(see also #repoCrisis, and #moneyPrinterGoBrr)

Five year ago today in 2019 the '(not) federal' Reserve was printing about 10 billion per day becasue the banks we're not trusting each other in the overnight lending market.

this was called the #repocrisis (short for 'repossession')

#thefed never stopped printing the money, the repo crisis sort of just morphed into #coronavirus crisis in 2020.

@anubis2814
One last part about keeping some prices low, did you notice how they tax now, by crashing markets **when it suits them** and when they know it will do the most damage? See 2008. See #RepoCrisis that started in Sept 2019 but only after Congress was breifed on 'COVID' in Jan'2020 and after they restructured their finances did they allow any correction.

The economy is rigged. Socialism for the well-connected and a #riggedSystem against the vast majority.

Amazingly, noone on #socialNetworks that we've seen has posted a graph tracking how much money #theFed has printed for #assetPurchases to pump up markets.

Its out there — we just can't post images.

The Central Bank Digital Slavery project continues along quite nicely.

The #divisions between people based on covid response, seem to serve as a distraction to what is actually going on.

Its not going to end well… maybe that's the point.

#post2016 #repoCrisis #repossessed #takingTheWorldPrivate

@dsfgs
> To be fair, since #repoCrisis last year every #literate pundit and his dog was waiting for this.

Sure, but Keen was predicting it in 2016 or earlier.

@strypey
We love #SteveKeen's ideas.

His work alongside #KevinRudd, to fight the #GFC in #Australia by giving some cash to everyone to spend how they need was a far cry from the #bailOutTheBanks idea out of the #US.

To be fair, since #repoCrisis last year every #literate pundit and his dog was waiting for this. Even before then people knew #wallSt were dependant on #greaterFools to support the #ponziScheme and #debtBubble. With close to #NegativeInterestRates etc.