keynesian

Fed stuck with $2.7T in toxic MBSs from 2008 bailout, can’t unwind without crashing the real estate bubble. Homeownership dream dead for under-35s, thanks to Keynesian Fed policy

In 2008, the Fed came to the rescue of the Wall Street banks that caused the 2008 crash by transferring $2.7 trillion in toxic-waste Mortgage Backed Securities (MBSs) from the banksters to the public ledgers. Now it can’t offload these MBSs without imploding the housing bubble. Thanks to the Keynesian fraudsters at the Fed turning …

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140 million Japanese need to ditch their failing yen for precious metals as the BoJ outdoes even the Fed when it comes to Keynesian monetary fraud

https://twitter.com/NorthmanTrader/status/1699771572180090967 China dumping its US Treasuries while converting Yellen Bux into gold doesn’t bode well for the dollar’s long run as the world’s reserve currency Estimated Chinese Official Gold Reserves Cross 5,000 Tonnes via Gainesville Coins: My estimate for China’s official gold reserves reached 5,029 tonnes by the end of June 2023. In the first …

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