>>514871095
>the economy was actually doing incredibly well
>until 2020
the economy was about to go bust, so they created the covid crisis as an excuse to print money and kick the can a little further down the road
>In September 2019, the U.S. bond market experienced a significant disruption in the overnight repo market, where short-term borrowing rates spiked unexpectedly. The Secured Overnight Financing Rate (SOFR) surged from 2.43% on September 16 to 5.25% on September 17, peaking at 10% intra-day, as financial institutions faced a sudden shortage of reserves due to a large outflow of liquidity from quarterly tax payments and Treasury security settlements.
It was literally going to be great depression 2.0 so they called up China and told them to release the covid. The rapid drop to ZIRP resulted in massive inflation and they were now looking at a "Let them eat cake" moment so the Fed jacked rates after they already told major banks they weren't even considering rate hikes. That led to the three massive bank failures in 2023 followed by an illegal FDIC bailout where all depositors were covered, leaving the FDIC account bankrupt.
At this point, we're gliding directly into certain doom and they're running out of tricks to stop it.
