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For a guy with a Ph.D. he is a moron. Everybody knows that FED loses are made good buy us tax donkeys.
Why does presenting a graph based on actual data make him a moron?
When he tries to convince me that fed loses are not taxpayer problems. Moron or liar, no other explanation IMHO.
Food For Thought:
Feds print all the money they need then sell bonds and then gives the money away. Need more, just print more.
Also have you notice how jack up the stock market is? Up 500 points then 450 down the next. They are keeping Silver under $30 and at $26.61 as of now. Gold new bottom seems.$2,300. Bitcoin down from the $70,000 range to $62,900(personal opinion CIA must have design the Bitcoin scheme). Testing of vitual currency is what this is for, just my thoughts. Which IF and when that happens, the only thing that will matter is your silver and gold that you hold physically(which the government only knows what you have is by the checks/Charge Cards you used…..cough, cough.
Al, first bank in Australia has gone cashless, look to AUS as the WEF’s petri dish of things coming to our shores sooner than we care to think.
I heard yesterday on an economic show that higher interest rates make it look like the Fed balance sheet (of bonds) is going down. I suspect it’s the old bond price versus interest rate where the two are inverse of each other at work.