shawn on Nostr: gm, good people. ☕️🌞 And remember, the best time to #EndTheFed was 100 years ...
gm, good people. ☕️🌞
And remember, the best time to #EndTheFed was 100 years ago. The second best time is now.
“Jerome Powell and Janet Yellen are bond villains. They destroyed every institution that trusted their words in 2021. They said inflation was transitory and that they’d keep rates low even as late as November 2021. They sold billions in bonds on that false pretense. Then the Fed executed a surprise rate hike, devaluing all the bonds the government had just sold, and turning Treasuries into the new toxic waste.”
https://balajis.com/p/bond-villain
And remember, the best time to #EndTheFed was 100 years ago. The second best time is now.
“Jerome Powell and Janet Yellen are bond villains. They destroyed every institution that trusted their words in 2021. They said inflation was transitory and that they’d keep rates low even as late as November 2021. They sold billions in bonds on that false pretense. Then the Fed executed a surprise rate hike, devaluing all the bonds the government had just sold, and turning Treasuries into the new toxic waste.”
https://balajis.com/p/bond-villain