The Federal Reserve’s attempt to shrink its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief U.S. economist. “There is a non-negligible likelihood that market liquidity will be adversely affected well before the $2 trillion target is reached, preventing the Fed from reaching its target,” said Steven Ricchiuto, …
It has seemed obvious for some time that the current fiat monetary system is, at best, unstable. At worst, it’s a Ponzi scheme whose time has expired. If so, I suspect the central bankers and 0.1% know this and might be ready to usher in the new system before the old one collapses in on …
From Covid to CBDC: The Path to Total Control ⋆ Brownstone Institute Read More »
“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes With the massive pullback in cryptocurrency prices and the collapse of crypto exchange FTX, the term “crypto winter” is now in the …
