The governments and the financial system are once again betraying us.

The FDIC released an “emotional” video explaining why people should not withdraw their money from the banks and why people should even deposit everything in the bank. Of course it’s because only 5% of USD in existence is in the form of notes, and they would quickly have no notes left if there would be a run to the ATM. Also they simply want every dollar possible to be in the banking system right now to save the economy…

The FED announced they will “print” $6 trillion dollars, or the equivalent of $18,000 per American citizen. Only $1,000 of that will be given straight to the American adults though. Which leaves $17,000+ to help big companies not to go bankrupt… Also, $2 trillion immediate support is 5% (!!) of the current amount of USD in existence. The other $4 trillion will go to the “debt” side… Basically there is not a lot for the average Joe in this.

#FederalReserve #Money #FinancialMarkets

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6 COMMENTS

  1. Great clarity thank you. What do you expect if you give your money for other people to look after in the form of banks. As for the US stock market it is the mother of all ponzi schemes, It would not surprise me if it was the plunge protection team buying up all those Boeing shares. An obviously corrupted company.

  3. You are a very nice guy, but you are woefully incorrect about US Fiscal policy……. Most of the US's debt is from one branch of the US govt to another. It's not just debt like a credit card bill. Just as you are vastly UNDERESTIMATING what is happening in EU. You have to get your citizens back to work unless you want a depression. Most small businesses run on a profit margin less than 10% that means that you have about one month of the year that is profit, and at 2 months you are out of business. Stock buybacks are not the great evil that you claim. They are putting money back into a company by reducing their outstanding ownership ie number of shares. Few understand this. Trust me. It's not an accident that the US stock market was up some 2000 points yesterday and over 1000 today. US is going back to work probably starting next Monday in layers starting with the youngest while the EU continues to sit around and enjoy the sun. The sad fact is that in half a year EU will be in a recession/depression, and the US will be back to business. We will then use that time to buy us EU assets when they are rock bottom cheap. I almost pity you for what is going to happen. China will gut the EU manufacturing, while the US buys up all your assets…. Just as you completely ignore EU subsidizing Air Bus to the extreme degree. EU should have started to shield themselves from China, but were too self righteous to do so. The reason that the US dollar is the reserve currency of the world is DUE to the fact that we don't print money or go to endless QE like the EU has been doing for years with negative rates. Just as the EU public health system is dependent on the US for the vast majority of innovation. I pity you for your ignorance, see you in the bread lines my european friend.

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