@sickburnbro @RustyCrab @DMA if you go back to 2019 and look at the metrics, the banks were already in the shitter before covid. they used the covid gibs to put the banks on life support and kicked the can down the road.

the rate hikes are timed along with ukraine tensions to initiate a wealth transfer from europe to americas. it is not to solve the inflation problems that they like to smoke the public with. a shortage of dollars overseas is continuing to this day. the printing of dollars cannot be solved with higher rates, this was never the intent.

NOT ENOUGH wealth has made it to america shores so far but the high rates are starting to hurt the banks that has been holding onto rotten over the counter derivatives. hence the lowering of the rates despite high inflation. the lowering of rates doesnt mean that the volume of money, m1-m2 is going up, but it does compound the problem of inflation.