Once upon a time, way back in February 2021, our “non-partisan” Congress authorized the use of the FED’s experimental drug “printing tons of money.” The #FED began injecting its version of the Covid-19 vaccine posthaste. The purpose of the FED’s potent elixir was to rehabilitate the world’s leading #economy (not FDA approved).
𝑫𝒓𝒆𝒔𝒔𝒆𝒅 𝒕𝒐 𝒕𝒉𝒆 𝑵𝒊𝒏𝒆𝒔
The Fed’s initial inoculation commenced henceforth, amounting to $1.1 trillion in purchases of treasuries and mortgage-backed securities. Open market buying averaged $191 billion over the next 25 months. The Fed bought $4.8 trillion worth of the stuff, in turn swelling its balance sheet to a “dressed to the nines” trillion.
𝑺𝒑𝒐𝒐𝒏𝒇𝒖𝒍𝒔 𝒐𝒇 𝑺𝒖𝒈𝒂𝒓
The dosages of the Fed’s medicine went down like spoonfuls of sugar with Washington, Wall Street, and Main Streets singing, “Merrily, merrily, merrily, life is but a dream.”
𝑴𝒐𝒕𝒉𝒆𝒓 𝑲𝒏𝒐𝒘𝒔 𝑩𝒆𝒔𝒕!
Well, everyone knows that one slice of cake is delightful on special occasions. The problem arises when one opts for the second, third, and fourth slice. When a child delves in they get a sugar jolt. When children overindulge their tummy aches. If they eat sweets too often their teeth can get cavities. If candy and cookies are daily staples – disease can and may ensue.
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