Our central bank is conducting fiscal policy masquerading as monetary policy.
We are now on the petrodollar standard, and that is managed by a bank consortia in Japan, and used by most of global finance.
What we call the Fed is gone, gone since the oil shock of 2008 and the Fed is now a tax collecting agency of treasury. The inflation index to look at is oil prices, and that is anti-symmetric to the dollar value, a perfect commodity standard.
When the Californians in the Swamp get this clue it will be hysteria like we have never seen, as bad as the Nixon shock.
No comments:
Post a Comment