yeah, 2 trillion credit line to the US banking system, if that debasement of currency isnt bad enough; deposits in the US are 18 trillion.. so it nowhere near covers the system from a bank run..
it seems they want to cause a controlled run from small banks to big banks and let the small ones collapse, bearing in mind the fed is owned and controlled by the biggest banks it is an extraordinary conflict of interest.... imagine if depositors cotton on to this corruption and pull their money from the big banks in protest.
Now even if they printed 18 trillion to cover all depostits , it still wouldnt cover the potential losses that could come from off balance sheet derivative market exposure, the majority of which is exposed to treasury yield rates... which is apparently in the quadrillions.. if that gets called in then its not just stagflation, its zimbabwean style hyperinflation
what happens the aussie dollar in the 2nd half of this year.. is a 30% increase in energy prices a defacto recognition of a 30% devaluation of the currency?
every single item on the shelf will explode with inflation because everything takes energy to create.
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