Jason Burack: Gold & Silver Smashed On False Narratives, Fed’s Balance Sheet Up By $112 Billion In Only A Week!

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Wall St. For Main St., Released on 6/17/21

Gold and silver paper prices were smashed again today on yesterday’s false narrative that the Fed will hike interest rates 2 times in the next 18-24 months.

While the probability of the actual rate hikes happening is very low for many reasons, the Fed’s actual balance sheet increased by an enormous $112 billion in just the last week to $8.064 trillion!

Track the Fed’s balance sheet here: fred.stlouisfed.org/series/WALCL

What is weird is that last week Reuters was reporting that the Fed’s official balance sheet was over $8 trillion already Fed balance sheet tops $8 trillion for first time -data finance.yahoo.com/news/fed-ba…

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When the St. Louis Fed’s website only had the Fed’s official balance sheet at $7.952 trillion as of June 9th, 2021 (last week).

So why the discrepancy?

Maybe someone at the Fed screwed up with stagflate tax lie aka management of perception economics (MOPE) and it is becoming too difficult juggling what is on balance sheet and what is off balance sheet?

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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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