/biz/ - Business & Finance

>>51041512
>Why do you believe this time will be different?
It's pretty simple. 2001 greenspan drops the prime rate to recover from the dotcom bubble, creating the housing bubble. 2008-12 we drop the prime rate to near zero, do 4.6 trillion dollars worth of QE, and leave the rate near zero for the next 10 years. 2019 we get a fun little anomaly in september where banks start needing some liquidity.
https://wallstreetonparade.com/2020/05/evidence-suggests-u-s-financial-crisis-started-on-august-14-2019/
Six months after, we get covid lockdowns and while everyone is distracted we quietly remove all reserve requirements for banks.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
Meanwhile, all the WEF "great reset" stuff starts coming to light. Call me crazy, but quite frankly it looks like our financial system is messed up enough that it requires some kind of drastic restructuring. The US is $30 trillion in debt, we can't raise the interest rates enough to curb inflation without going bankrupt. Our manufacturing sector has been gutted. The biggest, richest sector of our economy is investment banking and the money printer keeping it alive has to be stopped or the dollar is going to be inflated to worthlessness. I honestly am amazed that people can't see what is going on.