Comments by "Frederick Miles" (@frederickmiles8815) on "Why I’m Not Worried About the Banks (Yet) || Peter Zeihan" video.

  1. Man you really dont understand how monetary system actually works - selling off already happened a month ago (volume is off exchange and a distribution algo is trickling that vol out). There is zero price discovery in US equity markets as majority of volume is off exchange and unseen (as well as the corresponding CDS hedging instruments). And yeah we are prepping for a depression not a recession. And let me help you - money (USD) is created via bank lending (debt based fractional reserve banking) not the Fed (which is more a participant owned SRO then a central bank, similar to DTCC which is the owner of the actual equity market true shares). Fed bank reserves are like chucky cheese tokens - only have value in their repo markets. What we have in america is more akin to central planning you see in oligarchies - socializing losses, privatizing gains - currently we have massive monetary deflation as root cause. How narrative will evolve: inflation, fear of hyperinflation (which is impossible by our systems current design), stagflation, oh wait we have massive, massive deflation and we are in a depression.
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