TSX:AX.PR.E - Post by User
Post by
garyreinson Jul 30, 2024 10:19pm
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Post# 36155517
POWELL, YELLEN AND PRESIDENT CONTROL EVERYTHING
POWELL, YELLEN AND PRESIDENT CONTROL EVERYTHING A newly published white paper is causing a stir on Wall Street and in Washington by accusing the Treasury Department of conspiring to boost the economy for political ends, and of risking a revival of inflation in the process.
The paper, published last week, claims that the Treasury Department’s decision to continue financing an outsize chunk of the U.S. debt with short-term Treasury bills is tantamount to deliberate manipulation of the economy. Its authors even invented a term for this: “activist Treasury issuance.”
The game is rigged, never forget that!