> FUCK THE PEOPLE WHO LOST THEIR JOBS WE MUST. SAVE. BANKS. MUST SAVE BAAAANNNNKKKKKSSSSS WE MUST PRINT OUT MORE AND MORE MONEY TO SAVE THE BAAAAAAAANNNNNKKKKKKKKSSSSSSSAAAAAAAAAAAAAAAAAAAAAAWWWWAAA!AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
>BRRRRRRRRRRRRRRRRRRRR
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One of you niggas better change that "brrrrr" gif to the dude just walking away from the machine in extreme frustration and saying "Fuck this shit....I'm out"
The Federal Reserve is a scam. Things will only get worse on this planet until it is abolished. Jerome needs to have his head smashed with a rock hammer.
it should be him walking in and out while it's turned on with a day night timelapse.
I wonder what the interest will be on this loan which will easily add up to dozens of trillions of dollars? Will the banks have to deal with a 1% interest on this loan? Or will this work as usual and they will simply not pay back on the loan?
fuck the poor.
more trillions for banks.
anything else is communism.
How long until they just start printing money wholesale? You can only expand the money supply so much right?
It will likely only get worse as time goes on. The gubment and banks are the cause of most societal problems we see today. Since nothing actually happened in 2008 to the banks they will continue to take America for a ride, and the big G will aid them in doing so. The only way it changes is if the gubment is changed from the inside out and almost restructured entirely. It is so highly inefficient and is actually a burden on the American people more than an aid. It and banks are literally leeching off of labors of the producers and giving to the non producers. P Schiff's dad had madr a comic book about how real, natural economies work. What we're in now is not natural. Even now JPMorgan wants to be the middle man for the money handed out to citizens. It's on market watch. These 2 entities have been the biggest bringers of destruction upon the nations. Welfare and all of that other stuff has just been a symptom of the source not working properly.
It's just overnight loans bro
Can you imagine if the banks lost all their power? Imagine how devastating that would be society, all the good that banks have brought upon our world, erased permanently and irreversibly.
Just cut every adult making under 100K a check for 1.5K. They deposit that money in the bank, problem solved
>noooo not the trillions of dollars they take from people for giving them loans, credit cards, and the ability to leverage off of depositor money. NOOO
>Q PREDICTED THIS! HOLY HECKERS GOOD BOI TRUMPERINO IS BEING BLACKMAILED BY THE DEMOKKKRATS THRU THE CORONA VIRUSERINO HOLY HECKERS!!!!!!!!!!!!
LMAO at you scared kikes. Who the fuck brought up Q?
Literally, and I mean literally, anything would be better than a world run by banks. The fact that the government leans on them as the great paste that keeps society together is utterly disgusting. They keep the populace subservient through credit, debt, and ownership of almost all of the properties and land in the US. Nobody owns anything, they're simply slaves to one of a number of tiers of bank slavery, and the government will always pour any amount of money it can into the banks to continue propping them up instead of doing its own job to maintain control and order.
'pedes love the KKK, because they're also fellow """""traditional""""" Xtians. You should make sure to call them "Demonrats" when making your future shitposts.
When will cash be used as toilet paper?
what billionaires and multi-billionaire banks get: free $2+ trillion dollars brrrrrrrrrrrrrr
what neets get: $0
>shows a Jew
>done by Jerome Powell
Thanks for showing everyone who the real enemy is and how he hides.
maybe those banks and businesses should have practiced some financial responsibility. saved up for an emergency. if they need more money just send out resumes and pound the pavement and find a better job.
lol
the loan will be 0% and nobody will ever think about paying it back
/thread
Cool it with the antisemitism, buddy
1 trillion a day
Kek. Too soon
wait so 1 trillion is likw 200k for every singlrperson in usa?
You retards realize that each trillion is due back the next day right?
It's only their to provide liquidity
this is why i keep all my funds in overseas accounts fuck
how is r/chapotraphouse this time of year user?
>have pile of immature t-bonds
>want cash NOW
>lol yea I'll do a repo swap
>use bonds as collateral
>receive more in loan than bonds are currently worth
>DEFAULT the next fucking day
>lose collateral, keep loan
>money that had exited circulation by being tied up in t-bonds has now re-entered circulation indefinitely AND you've gotten out from under t-bonds that were gonna take too fucking long to yield for your taste when you could be abusing a pile of liquid cash to do whatever the fuck you want in a crashed market
you cant get more credit than what you give in a collateralized loan, pepega
>if they need more money just send out resumes and pound the pavement and find a better job.
You, I like you.
Okay zoomer.
For your understanding, if a bank goes down thousands or maybe even millions people will lose their savings. This would bring much more damage than losing jobs. And banks are more vulnerable to crises because of the system where you can lend 100$ out of 10$ you have. This is how you have all those goods in your fridge and on your table.
fuck them I want rape women banker on the street
fuck marriage becoming such kike action
Repo is not lending.
And $1t is the cap. Actual numbers are less than a tenth of that.
Bring out the Zyklon B!
Do you think any of banks will return that REPOs? They'll try to refinance them over and over again until there is even larger bubble.
All that money will do into economy as soon as REPOs given and stay there forever.
The bonds have a maturity date, breh. They're not worth face value until they're X years old. The fed is providing these loans at the face value of the mature bond whether they are or not. So they're not necessarily getting more than what the bond is worth, but more than what the bond is worth right this second. It's more advantageous than cashing the bond in early.
Oh fuck bros imagine all the wealth that's about to trickle down. We're gonna be fuckin covered all over in wealth.
No, everything is already gone through the bailouts
They do every day.
Think of it this way: if every night I give you 100 $1 bills in exchange for you giving me 1 $100 bill, then we swap back in the morning, that's not really "lending" as the word's commonly understood. Treasuries and other repo collateral is effectively equivalent to that $100 bill.
"Lending" as most people understand would be me giving you those 100 $1 bills in exchange for your vague promise to pay them back over a year or thirty or whatever (i.e. unsecured lending). There may also be some very loose backing like a car that loses value by the mile or a home that could swing wildly in value (secured lending). But that's all way riskier than any Fed repo.
You're talking about nightlies but there are repos for 1 and 3 months 500 billion each. That'll be refinanced for sure.
Unironically this
>1 and 3 months 500 billion each
Backed by what? Your beater car? J.P. Morgan's promise?
Oh, those are literal treasury bonds? I see. Then it really doesn't matter if the dollars cycle back in one day or 30 or 90.
Also it's not 500 billion, that's the cap. You'd want to look at the actual subscription numbers.
lieral shit tier house flipper get rich quick scam cunt and you're taking financial advice from this man?
do you ask the chubby cash register girl at mccdonalds for medical advice user?
Look, it's nice he's got a white board and is laundering Peter Schiff, who's trashed his credibility with a gold fetish and a decade of being wrong, but he's really missing a lot of points.
Chief among them, the PDCF does not value assets any differently than existing dealer margin schedules. Which means in his little white board example, your $100,000 house that drops to $50,000 would get you...$50,000 of Fed repo.
It also doesn't help that he thinks buybacks are anything other than dividends with slight tax benefits. Or maybe he does understand but can't resist that idiotic bait because it makes a nice graph.
kike
Why do Yas Forumstards acknowledge that the richest corporations are fucking over average people out of greed to increase their insane wealth but when Bernie Sanders wants to limit their ability to do so they cry and call it communism?
...
based
It's the governments fucking over everyone with unfunded liabilities. Only a free market can truly save us.
don’t forget the bootstraps, they must pick themselves up by their bootstraps
>nooo you can't just have money that should be mine