The Federal Reserve said it would inject more than $1.5 trillion into short-term funding markets on Thursday and Friday to prevent ominous trading conditions from creating a sharper economic contraction.
RT @Excellion: $1.5 trillion is going to be created out of thin air. That's 14-15 times the entire #Bitcoin market cap. $BTC price may be down but it's still better than holding onto fiat. https://t.co/nswLFdsY0h
I don’t understand why they can’t just let it go down ffs. If the economy crashes, the stock market crashes. It’s supposed to be linked in some inextricable way, no? As in, one is supposed to be directly based on the other.
So if businesses go bust and generally people are struggling, the stock market goes down to match this.
What they are doing is sick.
When will we depose these fascist vampires.
EDIT: I say I don’t understand. I do, but it’s wrong.
It's supposed to crash, they basically are cheating the system so they don't lose money and then just go get money from the govt. Funny how they can get trillions at the trough and then complain about people who need government help or welfare. They are getting far more money so when they complain about "socialism", I am rolling my eyes.
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I always had prepping tendencies, though too poor to become a prepper, I live in apt building with no land, but got a bag of seeds, in my dresser drawer. I picture myself planting shit on the apt complex lawn. The seeds are a few years old, hope they aren't all dead. They are organic seeds.
Most are old, conservative and set in their ways. We don't have really strong relationships. I know a few by name, but think this would be ideal. These relationships if things get bad enough will have to be strengthened.
Yo! The headline has taxpayers not Fed Reserve. Fed is not part of our government. They are the Board of Directors of America Inc. They are overing $1.5 trillion in loans to America Inc. to maintain solvency.
This is a misleading interpretation of what the Fed has done. They haven't just handed over $1.5 trillion cash. This link explains it well:
"If you want to picture it all, imagine a pawn shop, but instead of some guy handing over his Fender for a wad of cash, it’s Jamie Dimon walking in with his arms full of Treasuries and a contract that says he’ll buy them all back a day later. Sometimes, the pawnshop owner is Jerome Powell. And if the pawnshop shuts down, then everything goes to hell because Dimon can’t pay his bills. That’s the repo market, in a nutshell."