Followers | 213 |
Posts | 13869 |
Boards Moderated | 0 |
Alias Born | 03/25/2006 |
Wednesday, March 15, 2023 4:30:07 AM
"This bailout is bad for working Americans. Because it forces the Fed to print money to save the deposits of wealthy tech executives in California as well as tech companies like Roku. Normally FDIC insurance won't cover past $250,000 in a bank account. But now that guarantee was just made unlimited by the Federal Reserve, Janet Yellen, and Joe Biden.
Which will likely contribute to more moral hazard and risk taking in the US financial system. Especially because the Fed did not fix the two key problems facing banks right now:
1) a contracting money supply, and
2) 0% reserve requirements
Due to the Fed's quantitative tightening program, the money supply in America is contracting. Which is historically a signal of depression and bank crises. Moreover, banks are now no longer required to hold a minimum amount of reserves, meaning they are more exposed to a banking crises."
THE REASON FOR GLOBAL WARMING IS BECAUSE HELL IS GETTING HOTTER
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM