reply on: The Money Supply Keeps Growing as the Fed Backs Off Monetary "Tightening" \ stacker news ~econ

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40 sats \ 4 replies \ @Undisciplined OP 12 Apr \ parent \ on: The Money Supply Keeps Growing as the Fed Backs Off Monetary "Tightening" econ

Do you think it'll be as dramatic as the 2008 drop?

47 sats \ 3 replies \ @grayruby 12 Apr

Hard to say. Blow ups tend to take the market by surprise while predictions of the next blow up that never seems to come to fruition are always a plenty.

79 sats \ 2 replies \ @Rothbardian_fanatic 12 Apr

I would like to disagree with you on these problems being a surprise. The Austrians predict these problems coming a mile away and they know the exact cause, not just the proximate cause! The direct cause is the Federal Reserve Bank and the fractional reserve system the banks employ. Throw in a little moral hazard and you have your exact answer as to how and who. The precise when is the harder part to tie down, but it comes as absolutely no surprise that it is coming a will be very nasty, due to previous interventions to prevent proper corrections.

As I recall the new, unelected Canadian PM was the head of the Bank of England and Canada’s central bank, too. You can see the results in England, already, but they seem somewhat more obscure in Canada, so far, but they are coming soon to your location, too. It never fails with fiat currencies.

49 sats \ 1 reply \ @grayruby 12 Apr

Agree but we don’t know exactly where the fiat perversions are going to create too much instability. Very few were predicting the housing crisis in 08. No one was predicting the short VIX trade blow up or the repo crisis or the Silicon Valley bank blow up. Of course we know more of these events will occur but it is often a surprise when and where they play out was my point.

72 sats \ 0 replies \ @Rothbardian_fanatic 12 Apr

As I said, I think the only surprise involved is when THEY pull the trigger. THEY know exactly where they are pointing the gun and the exact result of pulling the trigger, they only have to make the decision of when it is most advantageous for THEM and disadvantageous for everybody else. After all, THEY are only doing it to consolidate all the wealth of the world in THEIR hands. Unfortunately, they are just not understanding that the wealth of the world comes from the efforts of the people in the world, not just the things and persons. People have the genius, not things and never AI.