The Fed Has to Be Stopped As It Starts Backing the Currency With Junk

• maneco64
  Today I go over what I think has been a very significant week in terms of what the Central Bankers are doing. I have to admit though that almost every day let alone every week there seems to be some unprecedented move by the Powers that Be not only at the Marriner Eccles Building but also in the Halls of Congress and at the Executive level too. Friday has become a day for us to review the ongoing astronomical increase in the Fed’s balance sheet as it will probably be comfortably of $10 trillion before the summer ends. Here in the U.K., the Bank of England has also gone rogue so to speak as it will now give HM Treasury undisclosed amounts of freshly printed money thus allowing the government to bypass the Gilt market. I also look at a concerning opinion piece in the FT by John Dizard of how there could be a spiral of mortgage failures in the U.S. starting in May 2020. My conclusion is that if nothing is done to reign the Central Banks or even get rid of them altogether we will leave a world in which most will be in debt servitude for generations to come. Latest data for Fed’s Balance Sheet: https://fred.stlouisfed.org/series/WA…

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