So Far This Year…

      
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Jane
Jane
1 month ago
  • Federal Reserve’s mission statement is “The mission of the Board is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems so as to promote optimal macroeconomic performance.”
strider777
strider777
1 month ago
Reply to  Jane

Obviously, they and the Biden administration have failed…miserably.

Jane
Jane
1 month ago
Reply to  strider777

And no new president can fix it.

strider777
strider777
1 month ago
Reply to  Jane

Nor would he have the power to do so.

Michael
Michael
1 month ago
Reply to  strider777

Unless Strider777 they are operating under “Woke Rules of Engagement” where Good is Bad, Up is down, War is peace, Slavery is Freedom and so on.
They Do seem to be rewarded for their “Successes” eh?
Might want to look at common factor of the last few economic near disasters (Adverted by MASSIVE Money Printing).

Janet Yellen -- Wikipedia

Who appointed her, how she repeatably failed to “see” the Housing crisis and banking crisis and…

They are succeeding very well IF the Final GOAL is America destroyed from within for the World Economic Forum’s goals of “You’ll own NOTHING and BE Happy”.

The Bad, incompetent folks we complain about are but finger puppets for the real Powers that Be.

When the banks have a “Holiday” starting some long weekend (at least recent history so indicates, Cyprus etc.) do you have realistic plans?

Credit cards frozen, ATM’s frozen, Bank door locked, I expanded upon this in an earlier comment this morning. See “Crash and Burn” post.

AND as David said in response the ROLL OUT of Central Bank E-Dollars to “Save” us all, at the cost of total control of what and IF you can buy anything.

Got trusted friends and trusted family when your entire life’s savings is a moot point?

strider777
strider777
1 month ago
Reply to  Michael

The real mission of the Fed has never changed since its inception in 1913. That is to keep the big banks of New York City, owned by the old banking families, from going bankrupt. And, if they had to, the Fed would destroy the entire economy of the American nation in order to prevent that from happening. And they did exactly that in the 1930’s. It was, of course, called The Great Depression.

Michael
Michael
1 month ago
Reply to  strider777

I agree Strider777. And here we are heading for Greater Depression 2.0 Weimar Germany + Bosnian Ethnic cleansing aka Civil War + Holodomor.

Why do I say that? During the first Great Depression folks lived closer to the agriculture AND we THOUGHT ourselves AMERICANS. Our Debt to GNP was FAR LOWER than it is today WITHOUT counting the “Off the books” derivatives and shadow spending of our “Government” on making trouble across the globe.

Can anybody argue that the average American could grow enough food to feed his family? Not the homesteaders that have been doing this for decades. And even so I’d have to scale UP my production to really feed me and mine properly. That’s why I have storage foods.

During the Great Depression they thought themselves Americans. Not so much today, folks here know that, so I’ll not expand that problem.

SNIP As of 2021, the total notional amounts outstanding for derivatives contracts were estimated at $600 trillion.

SNIP The Holodomor,[a] also known as the Ukrainian Famine,[9][b] was a man-made famine in Soviet Ukraine from 1932 to 1933 that killed millions of Ukrainians. The Holodomor was part of the wider Soviet famine of 1930–1933 which affected the major grain-producing areas of the Soviet Union.

While scholars are in consensus that the cause of the famine was man-made,[10][11] whether the Holodomor constitutes a genocide remains in dispute. Some historians conclude that the famine was deliberately engineered by Joseph Stalin to eliminate a Ukrainian independence movement.

MAN MADE and used to eliminate Ukranian Independence. Humm, how about American Independence. Starvation is a classic Commie tactic.

REAL TROUBLE ™ is near. Got trusted friends, trusted family to get through this?

MT Man
MT Man
1 month ago

Just wait until the FED’s safety net for the regional banks ends on 3-11….