By Daniel Lacalle
"Lowering rates is a tool to rescue the government. If you make it easy for governments to borrow, they will gladly do it and continue printing currency."
27 sats \ 12 replies \ @Satosora 25 Sep
"The Fed did not panic in September after the negative revision that lost 818,000 jobs from the previous reading."
They dont even care about the numbers anymore.
They just blatantly do this kind of stuff.
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20 sats \ 11 replies \ @Undisciplined OP 25 Sep
I recall an article from a few months ago about how desperate the Treasury was to grow the money supply. The main tool they have though is literally printing money, which isn’t very useful in a cashless society.
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36 sats \ 10 replies \ @Satosora 25 Sep
In a cashless society, they can just add the zeroes on the computer and people wont notice for a little while.
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20 sats \ 9 replies \ @Undisciplined OP 25 Sep
The Fed can, but not the treasury.
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36 sats \ 8 replies \ @Satosora 25 Sep
I cant really imagine the USA being completely cashless, though.
Maybe in 20 or 30 years?
They like hearing the printers going brrrrr too much.
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20 sats \ 7 replies \ @Undisciplined OP 25 Sep
It’s an exaggeration, but it is hard to stimulate the economy with actual cash when so many stores don’t accept it and banks don’t even have reserve requirements anymore.
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27 sats \ 6 replies \ @Satosora 25 Sep
Many new banks seem to have a lot of glass walls.
Before they were sturdy buildings.
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20 sats \ 5 replies \ @Undisciplined OP 25 Sep
I think that glass is pretty strong. I saw a video of some rioters in Portland (I think) eventually just give up on trying to smash through.
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21 sats \ 0 replies \ @023ad18700 24 Sep
Print more money and charge all of us ridiculous interest
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