Comments by "Frederick Miles" (@frederickmiles8815) on "The Federal Reserve and Its Inflation Target || Peter Zeihan" video.

Horrific analysis - it’s sad that so many who consultant dont even grasp where money comes from. Money in our system comes from bank lending (debt creation) - Fed does not create dollars, its reserve collateral is swapped for assets from participant banks and used as collateral in their repo markets (inter bank lending), Fed no go brrrr but can act as Banker for banks with an infinite liability cheat code built into the system to remove toxic assets (non performing collateral) with reserves that can be used to ‘prime the pump’. Fed fund is just 2 year Treasury - they dont even control that (by design) and big fear in credit risk land is monetary deflation especially is debt (bonds) that underpin liquidity under perform blowing up OTC swaps and credit spreads.
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@Art-is-craft Are you daft boy? I have over a decade in the industry working in the past at the largest bank in the world supporting their Wholesale products: Merchant Services, Treasury, Treasury Services, Data Science, and their ETH Blockchain platform. Only reason I left was to double my pay, less hours, and move to a position where I could day trade. Let me guess you live in your mom’s basement and obsess over pronouns?
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@Art-is-craft And for context simple Simon, Gold is now a tier 1 asset class, was tier 3, but honestly doesnt mean anything as stress testing is a paper test.
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@Art-is-craft No dipshit; I don’t really care about commodity backed currency. I work and make money in the system that is.
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@Art-is-craft Did you eat paint chips as a kid?
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