If it wasn’t for the Fed’s incessant massive injections of Yellen Bux liquidity, we’d already be looking at another 2008-style Great Financial Crisis, but far worse.
It's a misconception that the banking crisis is over. The 2 credit facilities created by the Fed in March are still rising
Inter-bank lending is reliant on Fed interventions right now. The banking system is not stable & they know it
— Financelot (@FinanceLancelot) May 29, 2023
Politicans debating raising $ 30 trillion US debt limit bad comedy, “kabuki theater.” Facts are: US bankrupt. Unfunded liabilities as Social Security are over $250 trillion. Financial market “derivative assets” measured in quadrillions…thousands of trillions. WTF. Buy G,S, BC.
— Robert Kiyosaki (@theRealKiyosaki) May 24, 2023