Saturday, February 6, 2021

Good idea, she took my advice

Yellen seeks to 'understand deeply' GameStop frenzy as market regulators meet

  • Her deeper problem is how to get out of the illegal VAT  tax the Fed imposes on us.
  • How that tax is causing bank branches to close at a record pace.'
  • Why the S/L function is so critical to the economy.
  • What happens when the pitchforks show up at the Eccles building.
  • How can the Fed back out of this mess.
And she is surrounded by economists and Californians who seem to be clueless. She does not have much time. If California fails then the Californians around Biden will be pushing for a massive Nixon style shock. She and Powell are in a real pickle. Biden might have a tiny clue but getting through the California squad will be difficult.

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