🚨🏦 ON THE FED 🏦🚨
"GOOD DAY."
As is tradition, I was watching this #FOMC meeting split-screened w/the #Bitcoin / #BTC chart & had a sudden realization. 💡
Despite everything Kevin Warsh said about "Task Forces" & "Price Stability" & "Forward Guidance" (etc.), the Fed still only has 2 levers:
1. Raising/lowering interest rates.
2. Quantitative easing/tightening.
No matter how much jargon they throw at you, that's the only power they actually have & those two things are actually completely uncorrelated to inflation. 🤷♂️
The energy shock created by #Iran fucking around in the Strait of Hormuz reaffirmed the fact that the equilibrium between supply & demand is still the ONLY thing that actually dictates prices. 💁♂️
The Fed has NOTHING to do with inflation, because they haven't been able to get inflation to target in 15 years; they will not magically be able to do it by replacing their figurehead. All they can do is psyop people into believing that they have influence in order to spur an emotional reaction that is closer to their desired market outcomes. 🫠
The ENTIRE institution is nothing but theater all the way down. 🎭
We will win when we finally stop listening to these fucks. 🤙
"GOOD DAY."
As is tradition, I was watching this #FOMC meeting split-screened w/the #Bitcoin / #BTC chart & had a sudden realization. 💡
Despite everything Kevin Warsh said about "Task Forces" & "Price Stability" & "Forward Guidance" (etc.), the Fed still only has 2 levers:
1. Raising/lowering interest rates.
2. Quantitative easing/tightening.
No matter how much jargon they throw at you, that's the only power they actually have & those two things are actually completely uncorrelated to inflation. 🤷♂️
The energy shock created by #Iran fucking around in the Strait of Hormuz reaffirmed the fact that the equilibrium between supply & demand is still the ONLY thing that actually dictates prices. 💁♂️
The Fed has NOTHING to do with inflation, because they haven't been able to get inflation to target in 15 years; they will not magically be able to do it by replacing their figurehead. All they can do is psyop people into believing that they have influence in order to spur an emotional reaction that is closer to their desired market outcomes. 🫠
The ENTIRE institution is nothing but theater all the way down. 🎭
We will win when we finally stop listening to these fucks. 🤙
