FRONTLINE: The Age of Easy Money

[Remote]

Shout out to @morris who posted this in Higher Learning. But it did not gain traction.
I came across this on the PBS app.

Anyone interested should give it a look.

It goes into the Federal Reserve’s role in our current economy. And highlights the reasons why the performance of the stock market does not reflect the economic situation of every day regular Americans. It frankly doesn’t even reflect the true strength of the companies whose stock prices are increasing.

There’s a ton of money in our markets. Everything is inflated in value.
Nobody knows when the bubble will burst. But if or when it does, it’s going to be bad.

Really really bad.

It’s 2 hours long. I suggest watching a half hour here or there.

 

[Hersh]

rather read bout it. cliffs?

 

[Buddy]

Thought this was gonna be about social media personalities. Frontline used to be my shyt.

 

[10bandz]

I watched it a few days ago it was really good

rather read bout it. cliffs?

Lol he gave cliffs in the OP

 

[HarlemHottie]

At this point, post 2008, the open window of the Fed is baked into the cake of our economy. Im not sure how the market looks without it. I have considerably slowed down my trading bc nothing is based on fundamentals anymore. A company can be absolute shyt, never earn a profit, and be worth a zillion dollars. Like, what are we even doing here?

 

[Remote]

At this point, post 2008, the open window of the Fed is baked into the cake of our economy. Im not sure how the market looks without it. I have considerably slowed down my trading bc nothing is based on fundamentals anymore. A company can be absolute shyt, never earn a profit, and be worth a zillion dollars. Like, what are we even doing here?

Stock buybacks on stock buybacks on stock buybacks

 

[HarlemHottie]

Stock buybacks on stock buybacks on stock buybacks

A whole market built on accounting trick bullshyt.


Trading used to actually be fun, a skill based hobby. In recent times, my best tips come from fukking conspiracy theories. Because I had been untangling Epstein associations years before the mainstream even heard about him, I was super ahead on Wexner/ L Brands and we ate good. but really, Kinda ridiculous.

 

[Vandelay]

Watched this yesterday and talked to my oldheads about it. This is the best piece of long-form journalism I've seen in a longtime...my thoughts...

The 2 biggest takeaways i took away were, the Federal Reserve no longer has a dual mandate...they have a triple mandate. They've been operating the last 15 years for their first 2 mandates; minimize inflation and keep unemployment low. They took on a third, preserve the stock market...AND sadly while there was all that free money, rather than build infrastructure, innovate and create something of value, companies chose to increase stock value.

It's no coincidence people have been gambling on crypto-currencies, NFTs...ridiculous valuations for housing and stock in tech companies that don't produce anything; the money has virtually been free.

Honestly, I try not to say were powerless in all this however, I feel the best thing you can do is invest in tangible assets that hold real value. The system won't change with this current crop of politicians. And to an extent it can't unless you want to destroy everyone's wealth and retirement over the age of 50. (We can argue the merits of this)

I'm watching the shenanigans China, Russia, Saudia Arabia, Iran, and several Latin American countries are doing in that they are trying to dedollarize and trade oil in Yuan. And potentially make the US economy take several steps back...I don't think the US will fix it because there's NO incentive TO fix it. The age of easy money ending is the only thing that will, in my opinion.

People need to really understand the significance of why its been important the Dollar has been the world's reserve currency; you can freeze transactions, you print more at will, you can buy anything you want. When it goes away, you'll have to convert your money and that exchange rate won't be the same because people the world over will think our money is bullshyt. We don't manufacture anything. It's not backed by anything.

The only power behind it is the protection of the US military, AND for better or for worse, if a Trump or a DeSantis get into office will reduce the power of the military in the US military in the world thus reducing the power of the US in the world.

 

[Hersh]

A whole market built on accounting trick bullshyt.

wont be fixed till this is.

 

[Ezekiel 25:17]

I still got my 30 shares of AMC. Will rise from the Ashes like Phoenix once this is all over.

 

[Complexion]

The true economic collapse happened in 2007. The money markets were reanimated like a corpse and have been shuffling round since waiting for people to click as they use all kinds of tricks and distractions to let it keep limping along.

All as planned really because what we're witnessing is the battle between East and West for who gets to sit at the top for the next spin when microchips control spending/people at the fundamental level. Power moves around the Earth from sunrise to sunset so its obvious who will win this bet as a Wu World Order is coming.

This is also the secret reason they needed COVID to stick after the failed attempts with West Nile, Bird Flu and the rest as now they've already created a narrative for the masses when in reality its all part of the Fiat cycle via printing press. Economic terrorism comes in many forms...

 

[UpAndComing]

Federal Reserve is proof that the Government does what it wants, whenever it wants