Anti trust charges against google

 And tech leads the market crash. This is connected, for all the reasons having to do with the AI debate.

This is the regulatory banking system chasing taxes, plain and simple. Capital controls, the step where regulation becomes unlegislated taxation.

What is the fair deal?  The Fed gets a new deal from the Senate and an early shot at leading the digital money definition.  Congress decides what ever monopoly tax, independent of the Fed. The Senate authorizes the devaluation process, the House pays off the state capitals in cash.

If the Fed were allowed to be more competitive,a lot for the distortions go away. We want to lengthen their leash, by three times. We need out six small state governors with a clue, soon.

Here is a complete monetary cycle:

Largest Increase in Productivity Since 1971, at What Cost?

Courtesy of Mish. WTF Happened in 1971?

It is the Black Swan effect, firms are in survival mode and only the fittest survive.  Both Nixon Shock and Coid overnighters, essentially. In a period of weeks a sudden realization hit, a universal Wile E Coyote.

Covid is mostly a coincidence to the monetary cycle. The 140,000 dead did over whelm the hospitals and cause shutdowns. We are blind for another two quarters.

When Treasury is bound by contract with the Fed to manage its own inflationary taxes, then there great relief on the regulated banks, they get a fair deal again. The Right to Coin remains, the contract will expire.