/biz/ - Business & Finance

This is the perfect time for a national strike. Demand free healthcare demand living wages or destroy the economy.

Remember when people pretend Jekyll Island didn’t happen, if they even know what that references to begin with?

Google Jekyll island Federal Reserve.

Here’s what I think happened.

NY FED SAYS IT WILL OFFER $1 TRILLION IN OVERNIGHT REPO EVERY DAY THIS WEEK

This is not the virus causing this, or at least not the covid19 virus. This is a failing banking system that already had profound systemic problems.

The government is playing this virus up to the point it’s believable. Look over here! ... sweeps off trillions from banks including equities.

... the overnight rates are fucked and banks need help

... increase overnight and term repo

... we did, not working

... there’s a flu virus in Wuhan, we could use that

... perfect, shut everything down so people panic, then do QE5 and $1trn fiscal stimulus

... done

Does this all really hang together? Since when do we report every case of flu? And then we rush banks trillions of dollars for what? And then we authorize $1trn in “fiscal stimulus”? If it makes sense due to the flu, God bless.

This is the time to accumulate your 32 Ethereum.

The bottom is in.