We're gonna need a bigger graph: Fed is now over $110 billion in the hole after suffering another week of losses in an unprecedented streak or red ink – the same people telling you the banking system is safe and sound found a way to lose money despite having a money printer: pic.twitter.com/qCLlVkqVc5
— E.J. Antoni, Ph.D. (@RealEJAntoni) October 20, 2023
“Lenin was certainly right. There is no subtler, no surer
means of overturning the existing basis of society than to
debauch the currency. The process engages all the hidden
forces of economic law on the side of destruction, and
does it in a manner which not one man in a million is able
to diagnose.”
~John Maynard Keynes, 1919
“There is no means of avoiding the final collapse of a boom
brought about by credit expansion. The alternative is only
whether the crisis should come sooner as the result of
voluntary abandonment of further credit expansion, or later
as a final and total catastrophe of the currency system
involved.”
~Ludwig von Mises, 1949
“There is an infinite amount of cash at the Federal Reserve”
— Wall Street Silver (@WallStreetSilv) March 14, 2023
That moment when someone asks if U.S. treasuries are safe 😱🇺🇸pic.twitter.com/GhYhShwxA8
— Genevieve Roch-Decter, CFA (@GRDecter) August 12, 2023
How chinese mock U.S. pic.twitter.com/xu9PcH6XSR
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) March 23, 2023
h/t dr0id