By Grand Rapids Anonymous
Sunday, March 15, 2020 at 7:53:00 P.M. EDT
GRA: The Fed cut interest rates to zero tonight after it appeared a financial “situation” was developing. When a market loses 28% in 2 weeks’ time, imbalances that have been covered up by a rising market, start to make themselves known—and panic.
Big money has been lost—with the next month looking even more imposing, now that various health departments are making sure businesses cannot remain fully functional. Bills need to be paid, wages earned. My local health department has cut the number of people that will be allowed in an establishment. Capacity will be cut in half.
England is just letting the virus run rampant, hoping an immunity will develop against it. I’m not sure if that’s the answer, but considering the fact that COVID-19 is already plentifully among us (just not officially, because of hard-to-find test kits), all these measures are going to cause some REAL collateral damage.
It’s a race between finding a vaccine and a massive recession/Depression.
The virus is bad—the reaction to it may be worse.
--GRA
By Jerry PDX
Sunday, March 15, 2020 at 10:05:00 P.M. EDT
Fed cuts interest rates to near zero, absolute zero is next. Next step is negative interest rates on our bank accounts which, in essence, means we will be paying banks to hold our money for us. Trump has been pushing for this since he got into office, no surprise there, it’s a bail-out for the big banks and Wall Street. Not that it matters if a Democrat was in office, this would have happened anyways. This move pumps $700 billion more into the markets, on top of the $1.5 trillion of fiat money it injected just before. Guess who pays for this? I'll give you two guesses. This Coronavirus hysteria may well be a camouflage to this additional fleecing of the American middle class. What does this all mean? There’s a lot of opinions and theories but whatever it is, it’s not good:
https://www.npr.org/2020/03/15/816175414/fed-cuts-interest-rates-to-near-zero
“Some people may not like this guy’s style, but I like his information:
https://www.youtube.com/watch?v=NOo0Jc9CTm4
https://www.youtube.com/watch?v=BZ0XV7GZZeI
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