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Source: zerohedge.com ·
These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak.
George Kikvadze ⚡ - @BitfuryGeorge
6 months ago
RT @CaitlinLong_: GET READY FOLKS...Doug Noland predicted the Fed's balance sheet wld be >$10trn in next crisis (ie, now)--I thot even more. Steel yourselves for wild deflation & then wild inflation--that's what happens when credit systems collapse. Ain't seen nothin' yet.
https://t.co/Fm3HtaD7Qy
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571
- @_lordmax_
6 months ago
RT @CaitlinLong_: GET READY FOLKS...Doug Noland predicted the Fed's balance sheet wld be >$10trn in next crisis (ie, now)--I thot even more. Steel yourselves for wild deflation & then wild inflation--that's what happens when credit systems collapse. Ain't seen nothin' yet.
https://t.co/Fm3HtaD7Qy
169
477
Jeremy Epstein - @jer979
6 months ago
RT @CaitlinLong_: GET READY FOLKS...Doug Noland predicted the Fed's balance sheet wld be >$10trn in next crisis (ie, now)--I thot even more. Steel yourselves for wild deflation & then wild inflation--that's what happens when credit systems collapse. Ain't seen nothin' yet.
https://t.co/Fm3HtaD7Qy
133
366
Christian Gagnon - @InEgoVeritas
6 months ago
RT @StockBoardAsset: WOW QE5 STARTS https://t.co/yYWhcrRob1
17
42
Ryan Selkis - @twobitidiot
6 months ago
RT @CaitlinLong_: GET READY FOLKS...Doug Noland predicted the Fed's balance sheet wld be >$10trn in next crisis (ie, now)--I thot even more. Steel yourselves for wild deflation & then wild inflation--that's what happens when credit systems collapse. Ain't seen nothin' yet.
https://t.co/Fm3HtaD7Qy
60
150
Christopher Wheeler - @Stocktrader
6 months ago
NY Fed To Conduct $1 Trillion Repo Over Two Days To Stabilize Treasury Financing Market
https://t.co/jvD6jHhsQp
2
2
boob123456789
1441 6 months ago
So fires, shit harvests, pestilence, locusts, probably a famine this year or next and then the entire fucking money system blows...yeah?
They said God had a twisted sense of humor, but I never thought like this.
3
scholarandrogue
6 months ago
FOUNDATION OF ALL MARKETS DISINTEGRATING: Radical Action is Required. FED in Under Panic. https://www.youtube.com/watch?v=FY2QheZFLDk&t=1s
0
Cowmoogun
6 months ago
A conservatives job is to keep the ladder society uses to climb up stable. We're pumping money into the market to save normal American's 401ks like my parents and maybe even yours. Those close to retirement are suffering the most right now, stopping the bleeding while dealing with the pandemic is priority number 1.
0
tommytwolegs
6 months ago
Those close to retirement should not have much of their investments in the stock market to begin with.
3
bmarsh3
6 months ago
The fed just gambled and lost enough money to pay for all student loan debt.
Coulda made some pretty big healthcare changes too.
Yup. Glad we can all argue about socialist programs and government spending about the libs but then this crap happens. It didn’t save us from shit.
6
bIockchains
6 months ago
They are not “gambling and losing money” they are issuing repo loans. This is the way our banking system works. I am not a huge fan of it, but your characterization of it is entirely incorrect.
5
lookbehindyouthen
6 months ago
But theyre not just giving away money, that's not how the fed works
3
nevertellmetheodds3P
6 months ago
I swear I’m almost done with my party. This is just welfare and a handout for the rich.
16
bIockchains
6 months ago
This has nothing to do with Republicans. The federal reserve is a private banking system that is theoretically apolitical.
That being said, I do agree that we should end the fed, but it’s not something to blame Republicans for.
2
foodVSfood
6 months ago
I mostly agree but need to point out that what’s happening here is not just benefiting the rich wall street types. If credit were to dry up overnight, we would have major funding issues all the way from major funds down to local banks. We have built a system the relies on these markets working and they are not working. Today the 30 year auction almost failed (not enough buyers for the issuance). If we start having treasury auctions fail, it’s a domino effect and it’s game over. So yeah, while the republicans have ran on limiting the feds power, it’s a whole different ball game when the other option would legitimately grind the economy to a halt.
2
cscf0360
6 months ago
The only problem is that liquidity isn't the issue right now. That's why news of a freaking $1T injection barely even registered. This is the correction that economists predicted when you supercharge an already roaring economy, except it's going to be ten times worse because Saudi Arabia, our supposed ally, is fucking the oil prices at the same time a pandemic is demolishing the travel industry. Liquidity doesn't matter when there's no production or services performed due to people staying home.
1
foodVSfood
6 months ago
Liquidity isn’t the issue with the stock market. It’s certainly an issue with overnight repos and bond issuance and it has been since September. The POMO being done by he fed right now is to first help the non-sexy pipes of the financial system and hopefully that help will provide some support to the stock markets through increased confidence by banks and institutions.
I 100% agree with you that the stock market action for the last few years is nothing more than a low rate induced bubble. Companies have been piling in debt to buy back stock (bad) and fund capex (better) like this low rate environment will never end. And for the most part it looks like it won’t for the foreseeable future. What they didn’t plan for was a total shock to revenue like they are going to see over the next few quarters. Companies are pulling guidance so the market is selling off in Knox mode because it’s hard to look out and determine what a coming is worth if you can no longer count on revenue/earnings guidance.
1
bIockchains
6 months ago
While the federal reserve exists because of an act of Congress, they are actually not a part of the government and are a private banking system (effectively a private corporation if it helps to think of it that way).
1
yeahnolol6
6 months ago
The government has no say over the actions of the fed, are you ill informed or just an idiot?
1
BrockLee76
Bitter Clinger 6 months ago
No. We swapped the tax and spend democrats for the spend and spend Republicans. Small government is a pipe dream
7
Rightquercusalba
Conservative 6 months ago
It's been a pipe dream for the last 100+ years. It has always been a political battle over our culture. So would you rather have the United States normalizing mental illness, open borders, higher taxes, more regulations and globalism or the alternative?
If deficit spending always goes in one direction I think people are insane for pretending that the cultural fights in between that can move in either direction are not worth fighting.
Oh Republicans are the same as Democrats, until they aren't and if you give up and let the opposition move forward you have just given them an opportunity to screw you over the most.
Lesser of two evils has been a concrete reality through all of human history. The sooner or we accept that the better prepared we will be for the battles in between.
1
scholarandrogue
6 months ago
Federal Reserve Announces Unprecedented $1.5 Trillion in Loans to Wall Street Today and Tomorrow https://wallstreetonparade.com/2020/03/federal-reserve-announces-unprecedented-1-5-trillion-in-loans-to-wall-street-today-and-tomorrow/ https://www.zerohedge.com/markets/funding-freeze-getting-worse-dealers-demand-record-216bn-liquidity-fed-repo Black Thursday: "One Giant Margin Call" Drags Dow Down 10% https://www.zerohedge.com/markets/feds-massive-quarantative-easing-fails-stocks-bonds-gold-liquidity-all-crushed Bazooka Fired: Fed Unleashes $1.5 Trillion Repo Bailout, Expands "Not QE" To QE5
service jobs and travel and pro sports will continue to tank with supply chain and more empty ports
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lube314
6 months ago
The French Revolution brought with it a massive inflation of the paper money called Assignats. When introduced in 1789, it was nominally backed by confiscated lands. Eventually it was printed to finance all government's expenses and had lost most of its value by 1796 when its production had stopped.
5
Numismatists
Collapsnik 6 months ago
I remember being downvoted in this sub for pointing out that museums are full of money from collapsed civilizations. People these days just don’t understand how money works.
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rBitcoinMod
6 months ago
This topic has been submitted several times. Please check the front page of /r/Bitcoin for previous submissions, as well as /r/Bitcoin/new. You can also try using the search bar. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^/r/Bitcoin ^^moderators ^^directly ^^via ^^mod ^^mail ^^if ^^you ^^have ^^questions.
1
khadiza_ahmed
6 months ago
So when are kids gonna start playing with money in the streets because of how worthless it has become?
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SCO_1
6 months ago
The 'kids' will never see this money, this 'new' money is for the fascist coup to spend and buy real estate to extract rents and stock to finance their churches brainwashing attempts.
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AndyTron_McBadass
6 months ago
Why would that happen? Do they plan on giving that money to the likes of us?
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Supple_Meme
6 months ago
If they gave all that money to us, there will be economy killing inflation. Money printing won't end in total disaster if you restrict the supply to as few people as possible... which makes you wonder.
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archivefile
6 months ago
It doesnt matter, the monetary based just expanded and not by any actual demand for goods and services.
Next, the Fed will buy directly stocks.
Later, bank bail-ins and an elimination of cash.
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WrenchHeadFox
6 months ago
Can you ELI5 the "translation"?
I'm assuming you're saying all commodities are going to massively increase in price?
2
archivefile
6 months ago
Sure. Inflation.
A rapid decrease in the purchasing power of the dollar.
A lack of scarcity.
Dilution.
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WrenchHeadFox
6 months ago
When will that start, and what should I do with my 60k sitting in the bank right now?
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FinisEruditio
6 months ago
Don’t panic about your cash. The US dollar won’t suffer from inflation in the same way as other currencies so long as it’s the petrodollar.
1
oscar_einstein
6 months ago
Not advice but a good youtube series that expands on this issue is money vs currency which goes into benefits of precious metals
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xxxismydaddyy
Sooner Than Expected 6 months ago
You could start by wiring me $500.00 for the advice I’m about to give you.
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xxxismydaddyy
Sooner Than Expected 6 months ago
I know you’re not serious, but I’m gonna ask... you serious?
1
Fidelis29
6 months ago
If you’re worried about your cash being devalued due to hyperinflation, then you need to buy tangible assets like precious metals. Buying $60k worth of physical gold is a bit tricky, so I’d research it. You’re also going to lose money on tax when buying it.
That info was only $400. Way cheaper than the $500 that the other guy wanted to charge!
5
abc2jb
6 months ago
Maybe buy a few BTC.
You never know, it is a fledgling hard currency that is globally adopted.
It might rise like a phoenix from the ashes of this mess.
0
archivefile
6 months ago
Hang on to your cash. I’m not an investor, but my buddy just gave a money manager about 175k a month ago he got from an inheritance and I’d be willing to bet he seriously regrets it now.
If anything, id buy a couple inexpensive houses in the Midwest and make sure they are in good shape, hire a property manager, and just rent them out. You get to always increase your rents and use them as tax breaks. Plus, if you go in with cash, you’ll get a juicy break on price.
0
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