so I noticed something fishy this evening.
Since quantitative easing supposedly 'ended' in March this year, the Federal Reserve has bought a staggering $757.8 BILLION in assets ($626.6B US Treasuries and $131.2B Mortgage-Backed Securities).
Given that were ar 9.1% CPI and far worse real inflation, that is absurd.
What is interesting about this exactly? well, lets look at the numbers in more detail. To be exact, they are $626,619,417,800 & $131,282,000,000 -- (pulled direct from US Treasury and NY Fed results)
These are absolutely outright purchases, even if "principal reinvestment" is now supposedly subject to caps. We will never see CNBC report these figures. They're intentionally complex to calculate, and greatly exceed the Fed's estimates. Even if they're being applied correctly, the actual "caps" on "reinvestment" are clearly too small if the Fed's still buying this amount of assets.
In a nutshell, it's wild to me that the Fed has spent more buying treasuries and MBS in the past few months ($757.8B) than the ENTIRE 10-year revenue estimate for the "Inflation Reduction Act" - which itself is disturbingly excessive ($739B).
To conclude the figures, just ysterday (16th aug) they bought another $30.5B US treasuries ($26.5B 3-YR Notes. It still wasn't enough to flip most stocks green on the day.
That brings total assets purchases to ~$800 BILLION since the supposed end of QE
The Fed continues to massively manipulate markets and one has to wonder to what end. Spoiler; it isn't good for the middle class.
So what does this all mean you say? Well this is my theory. Since Covid gave them the perfect market conditions to do so, they closed in on a long term goal that was set by the super rich a long time ago. They printed liquidity money out of thin air with the public headlines of 'save the markets!' which in turn, knowing naturally doing so increases inflation, whilst telling everyone it would he transitory. They then buy real assets with the printed money, and then raise taxes to ensure that the interest on the loan is paid by normies.
In short this is the biggest theft of wealth in the history of the world. I am starting to wonder if this whole great reset thing has deeper roots than I initially realised. The fed is keeping the public concerned with inflation and worrying headlines whilst it give 800B to wallstreet to buy assets. It's absolutely fucking gross and I know hardly anyone will see what has happened. When this whole system falls apart they will just blame russia and china and consumer credit card habits and all the usual excuses.
. But seriously is there some other hidden thing that this is telling us? Feels like it's signaling something... the expected is that the euro recovers and we go back to a ~1.2 conversion but maybe the value of the dollar plummets instead to get back to the previous rate. Or does it say something positive about the US market?
