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SkyChief
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NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Sep 28th, 2019 at 4:50pm
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The Federal Reserve banking cartel announced that they will be creating $75 billion daily in overnight ‘repo’ loans through October 10, and likely beyond that as long as someone is willing to borrow.

Quote:
“A number of excuses have been offered by the business press to explain why the New York Fed had to ride to the rescue yesterday but the very simple question is this: how can four banks with $5.45 trillion in deposits not be able to cough up $53 billion in overnight loans.”


Quantitative Easing is back - only under a different name so nobody will notice!  Those sneaky bastards.

Consumers lose because with the infusion of helicopter money, their dollars buy less than they did before QE.

The Banks win, of course.  Because they get to loan out the helicopter money and earn interest! 

Banks always win.

JPMorgan Chase assets:    $1.6 trillion
Bank of America  assets:   $1.44 trillion
Wells Fargo assets:           $1.35 trillion
Citibank assets:                just over $1 trillion.

https://needtoknow.news/2019/09/the-federal-reserve-returns-to-creating-money-to...

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented." - Josiah Stamp
  

Governments will always devise ways to deprive an honest man of his money or property, and claim that it's legal.
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Jeff
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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #1 - Sep 28th, 2019 at 5:31pm
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Are they trying to save Trump, or bury him?

Who is pulling the Fed's strings?

Are they truly independent and just feathering their own nest? If so, why are so many politicians and big bankers getting rich?

Edit: There should be a Congressional Investigation, probably even a Special Prosecutor to investigate the Fed.
  

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SkyChief
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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #2 - Sep 28th, 2019 at 6:21pm
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Jeff wrote on Sep 28th, 2019 at 5:31pm:
Are they trying to save Trump, or bury him?

Who is pulling the Fed's strings?

Are they truly independent and just feathering their own nest? If so, why are so many politicians and big bankers getting rich?

Edit: There should be a Congressional Investigation, probably even a Special Prosecutor to investigate the Fed.
I don't think they really care about Trump.  Trump wanted the Fed to impose negative interest rates.

Trump knows very little how a robust economy works, or the adverse effects of negative interest rates, so thankfully, the Fed ignored him.

But Any time the Fed moves for quantitative easing (helicopter money), that is done for one purpose only - to make bankers richer.
  

Governments will always devise ways to deprive an honest man of his money or property, and claim that it's legal.
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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #3 - Sep 28th, 2019 at 6:56pm
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SkyChief wrote on Sep 28th, 2019 at 6:21pm:
Trump knows very little how a robust economy works, or the adverse effects of negative interest rates, so thankfully, the Fed ignored him.

But Any time the Fed moves for quantitative easing (helicopter money), that is done for one purpose only - to make bankers richer.
So, you say the Fed knows that making bankers richer will have adverse effects on our economy, but they do it anyway, and Congress allows it?

Don't you think Congresscritters are getting rich too?
  

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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #4 - Oct 14th, 2019 at 8:25am
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As usual, the "helicopter money" doesn't seem to be helping:

https://finance.yahoo.com/news/beware-funny-financials-000005786.html

Bankers like it though, I think...
  

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SkyChief
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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #5 - Oct 14th, 2019 at 11:10am
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Jeff wrote on Oct 14th, 2019 at 8:25am:
As usual, the "helicopter money" doesn't seem to be helping:

https://finance.yahoo.com/news/beware-funny-financials-000005786.html

Bankers like it though, I think...

Governments and bankers are always figuring out ways to generate money with zero effort.

Like the highwayman, the Government put a gun to everyone's head and says "Hand over your money."

The banks just type a few numbers on a keyboard, hits RETURN and voila- - - they just created 280 billion dollars!   Banks who get to loan those $280 Billion helicopter money go out for drinks and celebrate.

They should be ashamed of themselves.  Those are not respectable ways of making money.
  

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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #6 - Oct 14th, 2019 at 3:31pm
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SkyChief wrote on Oct 14th, 2019 at 11:10am:
The banks just type a few numbers on a keyboard, hits RETURN and voila- - - they just created 280 billion dollars!
Only the Federal Reserve Bank can do that.
  

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SkyChief
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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #7 - Oct 14th, 2019 at 4:07pm
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Jeff wrote on Oct 14th, 2019 at 3:31pm:
Only the Federal Reserve Bank can do that.
Right.  That's what "helicopter money" is, Jeff.

It's imaginary money that falls out the sky and becomes available to lending institutions to lend to make interest.

The money that the Fed typed into existence is imaginary, but the interest it generates is NOT imaginary.
  

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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #8 - Oct 14th, 2019 at 4:33pm
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SkyChief wrote on Oct 14th, 2019 at 4:07pm:
The money that the Fed typed into existence is imaginary, but the interest it generates is NOT imaginary.
It's all still fiat money.
  

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Re: NY Fed Drops More Money From Helicopters - $75 Billion/Day!!
Reply #9 - Oct 15th, 2019 at 7:59am
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