The best way to #FixTheFed is to #EndTheFed. We're here to propose reasonable reforms and criticisms until that day.
*Parody account*
*Not financial advice*
The Powell Fed intentionally killed the American dream.
Don't believe us? Here's a 🧵
Between March 2020 and Sept. 2022, the Fed purchased more than $3.6 TRILLION RESIDENTIAL Mortgage Backed-Securities. This radical action was not authorized by Congress or existing statute...
The Powell Fed is the single greatest driver of inequality in American history. They also trashed the dollar so hard a single bitcoin is worth >$80,000 USD. Somebody give that man a Nobel Prize!
The Powell Fed is the single greatest driver of inequality in American history. They also trashed the dollar so hard a single bitcoin is worth >$80,000 USD. Somebody give that man a Nobel Prize!
@elerianm Meanwhile the vast majority of Americans who don't own significant stock and bond portfolios continue to suffer through rampant inflation and a cost of living crisis that's been going on for several years with no end in sight.
Powell couldn't wait to tap even the bogus 2% CPI "inflation" before pivoting hard.
The comparisons to Burns are wrong. He wants to go full Weimar. He can't stand even the slightest pain in stonks or assets for the ultra-rich.
Powell couldn't wait to tap even the bogus 2% CPI "inflation" before pivoting hard.
The comparisons to Burns are wrong. He wants to go full Weimar. He can't stand even the slightest pain in stonks or assets for the ultra-rich.
If it seems like every time Powell speaks, bitcoin gets pumped back to the moon...
It's probably less about bitcoin, and more about Powell absolutely trashing the value of the US dollar and outright abusing the world's reserve currency to the detriment of its working class.
@renegade_56 Indeed. Congress must strip them of their bogus "dual" mandate ASAP, leave only "price stability" and give stricter requirements than bogus 2% target....
So the US added 818000 fewer jobs last year than the government reported.
This is not a statistical error. A statistical error is 2-3%.
This is 25% of what was reported. This is fraud. Plain and simple.
They are lying about jobs. What else are they lying about?
Everything.
Re the 1M job BLS fabrication, remember this has been going on for years and is only getting worse.
You can't trust gov't data. Jobs, #CPLie, Fed balance sheet. It's all manipulated or outright lies intended to provide cover for funneling trillions to the ultra-rich.
#EndTheFed
Re the 1M job BLS fabrication, remember this has been going on for years and is only getting worse.
You can't trust gov't data. Jobs, #CPLie, Fed balance sheet. It's all manipulated or outright lies intended to provide cover for funneling trillions to the ultra-rich.
#EndTheFed
Don't forget that today's massive downward benchmark revision (2nd largest on record) is on top of the existing downward revision to the initial monthly jobs report figures - btwn all the revisions, job growth for the 12-month period was wildly overestimated almost 1.2 million:
Re the 1M job BLS fabrication, remember this has been going on for years and is only getting worse.
You can't trust gov't data. Jobs, #CPLie, Fed balance sheet. It's all manipulated or outright lies intended to provide cover for funneling trillions to the ultra-rich.
#EndTheFed