h/t Matt Levine, entertaining and informative as always.
https://archive.ph/6hJYb#selection-1929.0-1929.13:~:text=might%20look%20elsewhere.-,DAT%20ouroboros,-The%20basic%20idea
#finance #economy #economics #financialCollapse #houseOfCards
Trump's constantly trying to undermine the Fed shows he can't handle any real policy, just tweets and chaos. Democracy needs sound leadership, not his clown show. #FinancialCollapse #Corruption
🔗 Read more: https://www.facebook.com/389436163047122/videos/1996247781114068
The dollar eased to a fresh three-and-a-half-year low on the euro as concerns about the future independence of the US Federal Reserve undermined faith in...
A recent* report from the US Senate says this about climate change and finance:
"...resulting in ever-scarcer insurance and ever-higher premiums. This is predicted to cascade into plunging property values...a collapse in property values with the potential to trigger a full-scale financial crisis similar to what occurred in 2008"
*recent but prior to the LA Fires.
Shock
Plunged so deep
Silicon Valley Bank
Collapsed and went to sleep
FDIC shut it down
#siliconvalleybank #fdic #stockmarket #financialcollapse #cinquain #poetry
Failure by lawmakers to raise the government's borrowing limit would throw economy into reverse, economist warns.
“Michael Flynn says Democrats are plotting to cancel the 2022 elections to seize control of the national govt. He says they are intentionally orchestrating a controlled financial collapse of the American economy so they can enact strict govt control of every aspect society.”