Wall Street Silver

@WallStreetSilv ↗

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Last Checked Oct. 21, 2022

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Tue Oct 18 01:59:32 +0000 2022

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Wall Street Silver @WallStreetSilv

Fed's Reverse Repo Facility 🤡🧐😭 The Fed is currently paying about $300 million per day TO BANKS of the profits on it's bond holdings. This is money that usually gets paid to the US Treasury. Commercial banks get risk free returns and loot the US Treasury at the same time. https://t.co/leZvNuhL9g — PolitiTweet.org

Posted Oct. 18, 2022

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Wall Street Silver @WallStreetSilv

@TimmerFidelity @biancoresearch The difference is we had plenty of growing cheap oil and other sources of energy. We are now in a scenario where energy is expensive, lower quality and no meaningful increase in supply coming near term. The late 70s, early 80s had North Sea, Alaska pipeline and Gulf Mexico. — PolitiTweet.org

Posted Oct. 18, 2022

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Wall Street Silver @WallStreetSilv

So here is how it works. The Fed creates digitally all of the reserves used to buy up all of the bonds (mortgage and US Treasury debt). The Fed collects all of the interest payments. And now the Fed found a way to shift those profits to the commercial banks instead of US govt. — PolitiTweet.org

Posted Oct. 18, 2022