>>514115280
>notice on the top half of pic rel the NYFed squeezes out the citizens' currency and pays its ilk instead

pic rel shows the NYFed trying to increase reserves (the grey area) and get high IORB, too

now the Federal Reserve franchises have their dream come true, note the right side of the chart, high reserves and high IORB
the last time they tried to have both, JPM got raided by the FBI for rigging treasury and silver markets which caused the repo spike, all big banks failed again quietly, they got bailed out again for trillions in 2019 and then we had covid, which shut down the economy and conveniently hid their illiquidity lol

we cannot have unearned income at the expense of earned income
party is fucking over
we need to stop borrowing our own currency

we can have intragovernmental debt without the fed
in fact, the fed is the only thing stopping us from taking care of our own people
pic rel shows the NYFed trying to increase reserves (the grey area) and get high IORB, too

now the Federal Reserve franchises have their dream come true, note the right side of the chart, high reserves and high IORB
the last time they tried to have both, JPM got raided by the FBI for rigging treasury and silver markets which caused the repo spike, all big banks failed again quietly, they got bailed out again for trillions in 2019 and then we had covid, which shut down the economy and conveniently hid their illiquidity lol

now the Federal Reserve franchises have their dream come true, note the right side of the chart, high reserves (grey area in picrel) and high IORB
the last time they tried to have both, JPM got raided by the FBI for rigging treasury and silver markets which caused the repo spike, all big banks failed again quietly, they got bailed out again for trillions in 2019 and then we had covid, which shut down the economy and conveniently hid their illiquidity lol

OP is fucking right and you should listen to him

the fed is the only thing stopping us from taking care of our own people
pic rel shows the NYFed trying to increase reserves (the grey area) and get high IORB, too

now they have their dream come true, note the right side of the chart, high reserves, and high IORB
the last time they tried to have both, JPM got raided by the FBI for rigging treasury and silver markets which caused the repo spike, all big banks failed again quietly, they got bailed out again for trillions in 2019 and then we had covid, which shut down the economy and conveniently hid their illiquidity lol