Terraform says the SEC has subpoenaed its CEO while he attended a conference in New York. The disclosure came in a lawsuit Terraform itself filed against the SEC in response https://t.co/toyE6jRmpT
A report, expected this week by US government agencies, will indicate the @SECGov has significant authority to regulate stablecoins which may lead to greater powers for the regulator to pursue enforcement actions.
@sebsinclair1989 reports
https://t.co/nIV9mrcouh
Those shocked by this tweet live in a bubble of financial privilege.
*1.3 billion* live under double, triple, or quadruple-digit inflation: Turkey, Nigeria, Ethiopia, Iran, Lebanon, Venezuela, Cuba, Sudan, and beyond.
It’s already one of the world’s biggest humanitarian crises.
[NEW POST] Corporations Understand Inflation Better Than The Fed
"The CEO of a $100+ billion company that is ranked as one of the 400 largest companies in US...insinuated that his data is showing inflation significantly higher than official numbers."
https://t.co/jrFERqnZhy
By creating many trillions of new dollars out-of-thin-air, The Fed set in motion an economic disaster.
The warnings are over. Inflation is now here.
Every excuse will be offered up as "the reason" for economic pain.
Don't be deceived. The unconstitutional Fed is the reason.
So, you are mad at the Fed for inflation?
They should raise rates? Get back to something more reasonable according to past history, right?
But debts are too high vs GDP and higher rates will kill EVERYTHING... 1/
In 2008-09, when the Fed started quantitative easing, I thought that inflation would take off. I was wrong. Instead, velocity - the rate at which money turns over per year - declined, taking away its inflationary sting. Velocity still is falling.
Yesterday on @CNN w @jaketapper, @SecYellen said I was wrong about my assertion that we are more at risks of losing control of inflation than at any time in my career.