@11112011 @thatguyoverthere @kakkerel @0 @dj so explain what we're missing here, as you're so clued in

@skells @thatguyoverthere @kakkerel @0 @dj already did lol

So the fed stops buying assets and everything is butterflies and rainbows?

@thatguyoverthere @0 @dj @kakkerel @skells no a lotta hurt they gon sell to but inflation will be gone

@11112011 @thatguyoverthere @0 @dj @skells Who's in a position to buy all these assets?

@kakkerel @0 @dj @skells @thatguyoverthere gud question

@11112011 @thatguyoverthere @kakkerel @0 @dj yeah none of this speaks to genius work by the fed, even assuming that they hold their nerve and don't start printing when all this corporate debt starts bankrupting companies left and right

@11112011 @thatguyoverthere @kakkerel @0 @dj all they've done is facilitate a crash they should have let happen 14 years ago

@skells @thatguyoverthere @kakkerel @0 @dj so why is bad now?

@11112011 @thatguyoverthere @kakkerel @0 @dj never said it's bad, just said you'd be a fool to award kudos to those in charge

@11112011 @thatguyoverthere @kakkerel @0 @dj although you could make a damn good case it's much worse because they spent 14 years propping it up rather than necessity in Obama's 3rd term, after he let it all hang out his first 2

@skells @thatguyoverthere @kakkerel @0 @dj i deal in reality not delusion

@11112011 @thatguyoverthere @kakkerel @0 @dj you shitpost on fedi bro, reality has nothing to do with ot

@skells @thatguyoverthere @kakkerel @0 @dj lol

@11112011 @thatguyoverthere @kakkerel @0 @dj aaaand there's the money shot

@skells @thatguyoverthere @kakkerel @0 @dj im poor cant even aford planes

@11112011 @thatguyoverthere @kakkerel @0 @dj all good, I can rebook

@skells @thatguyoverthere @kakkerel @0 @dj gd need kidnyes

@11112011 @thatguyoverthere @kakkerel @0 @dj dude.

@skells @thatguyoverthere @kakkerel @0 @dj Fed's Bullard (2022 voter) says rates can be cut in 2023 or 2024 if we get inflation under control

@skells @0 @dj @kakkerel @thatguyoverthere they have the script writen, they nor dumb u are

and when combined with the already strained supply chains and food stores, the pain will be much greater than it would have been if they would have let the banks fail the first time around.

@11112011 @0 @dj @skells @thatguyoverthere So Blackrock and the like own the entire world and "private property" is a kind of cultural myth that keeps the plebs working their meaningless little service jobs.

@kakkerel @thatguyoverthere @11112011 @0 @skells @dj They'd like you to think that.

More like right now everything is financialized. It isn't being priced based on the worth of the actual thing, it's being priced based on the likelihood that it'll continue to go up.

Until now that process has meant that these guys have made tons of money, but we're in a moment where reality is about to come crashing down. You can have all the money in the world, but as we're seeing if you can't get stuff for that money then it's worthless.

It's going to continue happening, and the people who actually do stuff people want I think are going to come out ahead of people who just move piles of resources from one pile to the other.