Thank you to all who made the ultimate sacrifice for our country.
May we all honor and respect their memory and their families. ๐
God bless our troops. ๐บ๐ฒ
#FreedomIsNotFree#MemorialDay
The Treasury is draining its checking account at the Fed. The Treasury General Account (TGA) had $450B in it at then end of February. As of April 6th, it had $140B. Thatโs $310B injected back into the banking system and the money supply. Why?โฆ1) because the debt limit is approaching and 2) The Fed is running at a loss and is no longer paying the Treasury back the interest it earns on its bond holdings.
According to the Central Bankers of the Worldโฆ0% rates and trillions of new dollars had nothing to do with inflation, and raising interest rates from 0% to 5% has had zero impact on credit conditions and banking. So, if CBers donโt โcauseโ anything, how can they โfixโ anything?