Ogee wrote: Thu Jul 27, 2023 3:24 pm

Ogee wrote: Fri Jul 28, 2023 3:51 pm

The BRICS Won't Kill The Dollar, US Policy Will;

https://www.zerohedge.com/geopolitical/ ... olicy-will


The entire world has long known what many Americans are finally seeing from inside their own walls, namely: The US will never, ever be able to put its fiscal house in order.

Uncle Sam is simply too far in debt and there’s simply no way out as it approaches a wall of open and obvious fiscal dominance in which fighting inflation will only (and again, ironically) cause more inflation.

Large speculators positioning as of Friday.



GBP net long - unchanged
Oil net long - increasing
Gold net long - decreasing
NAS net short - increasing
S&P net short - decreasing
AUD net short - unchanged
JPY net short - decreasing
EUR net long - unchanged

""The Fed may "tolerate" higher inflation.."
...Of course they do. They don't pay for it, the tax payer does!!

Ogee wrote: Thu Jul 27, 2023 3:49 pm

Where did you get that from? I mean the graphic circles of buyers and sellers.

RplusT wrote: Sat Jul 29, 2023 5:56 pm ""The Fed may "tolerate" higher inflation.."
...Of course they do. They don't pay for it, the tax payer does!!

Wanted to add:
The FED, owned by banks, can print money unlimited (how convenient). Now, to put value on this zero value paper, they buy debts and charge the tax payers principle plus interest. Investment and thus risk for the FED is zero, because should the tax payer default on the debts payments, the FED loses nothing. But if the banks fail, the tax payers got to bail them out, The money of course comes from the FED (owned by the banks) who just print more of that zero value paper as needed, as needed,
What a f* insane system.

JIMMY....is there a reason why comments can't be edited any longer??????