Re:Arm China Has Gone Rogue
by pphysch on Friday August 27, 2021 @11:26PM
(#28335381)
The interest rate is officially ~zero and effectively negative due to consistent QE (over $120,000,000,000 printed and given to banks every month). The Fed is practically paying the global financial system (in USD) to keep using USD.
There will be a massive reckoning as the global economy refuses to get ripped off by the Fed's relentless money printing. Yet the Fed is extremely hesitant to taper its QE policy, because that will detonate the domestic stock market.
It is not an exaggeration to suggest we are literally in the final years/months of the neoliberal economic order.
Re:Arm China Has Gone Rogue
by pphysch on Sunday August 29, 2021 @12:00PM
(#28347782)
Trick question. What we are dealing with is a redefinition of economics with a substantially reduced emphasis on "money". Minimize how much of your wealth is exposed to the financial system.
There will be a massive reckoning as the global economy refuses to get ripped off by the Fed's relentless money printing. Yet the Fed is extremely hesitant to taper its QE policy, because that will detonate the domestic stock market.
It is not an exaggeration to suggest we are literally in the final years/months of the neoliberal economic order.