Bank Watch, page-2370

The Fed is fighting for its life, Blackrock has trillions of dollars of other peoples money invested in overvalued assets that were imploding up until a week ago. Money printing to infinite doesn't work. It may work for an economy like Japan as long as there are external markets where they can place the money created from unwanted government debt. The BOJ is the only bidder for Japanese government debt. Hundreds of billions of their printed Yen found their way into US stock ETFs which are now being saved the Fed who have given Blackrock the keys to the kingdom as they are out of tricks and resources to help save themselves. The Fed is now a one trick pony, print, print, print. The Fed owns 15% of all US treasuries outstanding. Once they buy them all like Japan no one has anywhere to run and that will happen in about two years depending on the level of printing. The banks were already failing in Sept last year with interbank lending drying up. There is one big sick puppy in the system somewhere and the criminal banking cartel has locked arms to ensure nobody knows who it is or what caused the >$1 trillion to be pumped into the repo market just to keep them functioning, As mentioned, but this just slips right over your head as your Pavlov dog response kicks in and your heady need to press the buy button overcomes you like all rest of the trained yield substitute dogs, the banks have only been stress tested to a 5 to 7% decline in GDP. The effects of the government measures to fight the virus are going much deeper than that so the banks are likely to technically fail. If you think money printing will fix that when it happens you have every right to that opinion. I don't think keeping asset bubbles alive with printed money works in the end. This crisis will test that theory in my opinion and markets have a lot further to fall.Esh