General Discussion

Bettie

(19,951 posts)

11. The billionaires are all in lock step

Sat Jun 6, 2026, 01:06 PM

17 hrs ago

at least for now.

Eventually, they'll have to fight it out to decide who gets everything.

But first, they have to reduce us little people to begging them for scraps.

The fed has not lowered the rates yet, but eventually, the board will do as it is told, or get cut out of the spoils of the destruction of our economy.

I have zero faith in any of it anymore....thus the extreme pessimism.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

12 replies

= new reply since forum marked as read

Highlight:

Essentially the new Fed will manage our $38 trillion in debt [View all] bucolic_frolic 23 hrs ago OP

Troubling. cachukis 23 hrs ago #1

OK, I can understand the motives of the NEW head of the FED. no_hypocrisy 22 hrs ago #2

When no entity will buy our debt at rates we can afford, there is another plan? bucolic_frolic 22 hrs ago #3

The one thing we've learned is that Bettie 22 hrs ago #4

Do they? Fiendish Thingy 20 hrs ago #7

The billionaires are all in lock step Bettie 17 hrs ago #11

I don't see the logic Fiendish Thingy 17 hrs ago #12

That's why Powell stayed on as a regular member. hedda_foil 21 hrs ago #5

It's the same Fed, with a new chair Fiendish Thingy 20 hrs ago #6

You should learn more about the GENIUS act Fiendish Thingy 20 hrs ago #8

What Gemini reports and what I'm hearing on YouTube alt financial channels bucolic_frolic 19 hrs ago #9

there's a big difference between requiring capital reserves, and backing T bills with crypto Fiendish Thingy 18 hrs ago #10