🚨BREAKING NEWS🚨
THE FEDERAL RESERVES BTFP DROPPED BY OVER $30B THIS WEEK WHICH LEAVES ONLY $26B LEFT
POWELL IS PULLING LIQUIDITY TO TRIGGER A CRISIS JUST LIKE 2020,ALSO COINCIDENTALLY THE $36T DEBT CEILING WILL HIT TOMORROW
WE ARE ABOUT TO EXPERIENCE A 1929 LIKE CRASH…$SPY pic.twitter.com/2lV6ZoEbkD
— Mike Investing (@MrMikeInvesting) November 15, 2024
It's important to see how the Federal Reserve pulls liquidity from the banking system to trigger a crisis.
Jan 2020 the Fed reduced emergency REPO by $110B (-44%) over 8 wks.
BTFP has been reduced by $29B (-29%) over 2 wks, targeting $0 on 6 Nov 2024… 1 day after the election. t.co/tupfUxBjAh pic.twitter.com/lL5Hm1hCMy— Financelot (@FinanceLancelot) October 5, 2024
And Japanese Yen Carry Trade Unwinding just like Aug 3rd-5th Crash but BIGGER, BOE liquidity crisis, the FED emergency BTFP liquidity crisis… ALL PLANNED. 36 Trillion Debt inbound… NOVEMBER TO REMEMBER. pic.twitter.com/lnNPkva6Aq
— Adi (@BrissyBaller) November 15, 2024
J Powell has handed Trump a ticking time bomb
By prematurely cutting rates by 50 bps ahead of the election, even with inflation still running hot, the Fed has set the stage for an inflationary resurgence
The latest October inflation data released this morning confirms the… pic.twitter.com/SsYtXHgcAk
— Porter Stansberry (@porterstansb) November 14, 2024
Bank Term Funding Program (BTFP)
- Purpose: The BTFP was created to support American businesses and households by making additional funding available to eligible depository institutions. It aimed to ensure that banks had the ability to meet the needs of all their depositors.
- Ceased Operations: The BTFP ceased extending new loans on March 11, 2024.
- Credit Withdrawal: As of March 31, 2024, the total outstanding amount of all advances under the BTFP was approximately $130.9 billion. The Federal Reserve has indeed pulled more than half of the available credit out of the program.
Sources
h/t Truther Speaks
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