Comments by "Frederick Miles" (@frederickmiles8815) on "Fed Needs to Draw the Line on Emergency Policy: JPM’s Michele" video.

QE (MMT) has failed miserably - in reality its a tool used to protect the capital of oligarchs; it is the economic policy of the oligarchs. As that debt is soaked up by the Fed - the real economy starves as pristine collateral used in support of lending into the real economy is eliminated; while at the same time cheap money generated by manipulating the near end of the curve drives misallocation of resources as zombie firms limp on - it is clear that the Fed has eliminated price discovery and capitalism in order to prop up a hated oligarchy - hated almost as much as mass media platforms the oligarchs own as they fall further out of touch. And trust me when I say when the dam breaks cities wont just burn via mass protest and riots - but rather the oligarchs and their mouth pieces will be hunted down and lynched in the streets, as the depression everyone in power refuses to recognize rolls into the next decade - grinding the republic to dust.
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