Deleterious Posted 23 hours ago Posted 23 hours ago Fed Chair nominee appears in the latest Epstein file drop. Doesn't look like anything bad, at least not yet. Just attending a few dinner parties. Quote
Screwball Posted 13 hours ago Posted 13 hours ago Warsh has already been on the FOMC, and that voting committee are the ones setting rates. I don't see this guy as someone radical. Just another typical slimy bankster type that went to all the right schools and swam in the swamp of corruption known as the US banking system which qualifies him for one being the head ****. Quote
Screwball Posted 3 hours ago Posted 3 hours ago More on Warsh. I've followed this guy for years, and he's always on the Fed stuff. Trump Demanded a Fed Dove. But What Did He Get With Kevin Warsh? - Mish 1 Quote
gehringer_2 Posted 2 hours ago Posted 2 hours ago (edited) 1 hour ago, Screwball said: More on Warsh. I've followed this guy for years, and he's always on the Fed stuff. Trump Demanded a Fed Dove. But What Did He Get With Kevin Warsh? - Mish Interesting stuff about Warsh wanting to unwind QT (reducing the Fed bond balance). Under Powell the Fed both ran up and then reduced the asset balance some recently, but the big run up from the QE during the pandemic is still on the books along with most of the run-up after the Bush crash - almost$6.5 trillion in total. Warsh could have the Fed give the appearance of being dovish on the discount rate, while a major bond sales program going at the same time could actually be contracting the money supply and driving interest rates everywhere but the Fed discount window up. I bet the banksters would love that because it would set them up for nice carry trade profits as they are the only ones the low Fed discount rate is available to. Edited 2 hours ago by gehringer_2 Quote
Screwball Posted 1 hour ago Posted 1 hour ago 33 minutes ago, gehringer_2 said: Interesting stuff about Warsh wanting to unwind QT (reducing the Fed bond balance). Under Powell the Fed both ran up and then reduced the asset balance some recently, but the big run up from the QE during the pandemic is still on the books along with most of the run-up after the Bush crash - almost$6.5 trillion in total. Warsh could have the Fed give the appearance of being dovish on the discount rate, while a major bond sales program going at the same time could actually be contracting the money supply and driving interest rates everywhere but the Fed discount window up. I bet the banksters would love that because it would set them up for nice carry trade profits as they are the only ones the low Fed discount rate is available to. I think what people need to understand is this really isn't different than it's ever been. This is a swamp creature bankster that any administration could have picked because he is an already a vetted and approved bankster, for the banksters, and picked by the banksters, because the banksters run this stuff anyway. The rest is all BS. People have short memories. The GFC of 2008/2009. Who do they pick to fix it? Timothy "weasel ****" Geither, Larry Summers, and a few more financial ghouls. Then Ben Bernanke and Janet Yellon, more swamp creatures. The fix was in on day one, and only got worse from there. The biggest transfer of wealth from the poor to the rich in history. Bailed out the banksters to the tune of trillions. Giddy ****in up. And you think these wankin' ****in' banksters don't know how the fraud and corruption gets financed and moved? I'm guessing they do, cause it all has a paper trail. There are no ****ing laws and haven't been for a long time. It's a big club and we ain't in it. The beatings will continue until morale is improved. Quote
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