Fed to Expand its Balance Sheet to $10 Trillion, As The Economy becomes Addicted to Stimulus | PatrickMercierX

The Fed to Expand its Balance Sheet to more than $10 Trillion, As The Economy, The Markets, and The Americans become Addicted to Stimulus

What a gigantic everything bubble freak of nature we have created. It is going to be a massacre soon in everything. Then the suffering and death come for many. Dark times are coming; I can see the blackest of clouds moving in on the horizon.

A vertical stock market in a depression where 800,000+ people file jobless claims every WEEK for seven months straight. Our dystopian overlords have deemed it necessary to create an insulting illusion with a cartoonishly fake stock market that is priced as if there was heaven on Earth.

The Fed unveils plan to expand its balance sheet but still insists it’s Not QE.

"We’re going to go in strong,” declared Fed Chairman Jerome Powell.

The Federal Reserve said Friday that it would begin buying government-backed securities to expand its balance sheet, a move meant to keep an obscure but critical corner of financial markets functioning smoothly.

The Federal Reserve’s balance sheet is exploding, growing by about $3 trillion since mid-March and now totaling more than $7 trillion. It could conceivably exceed $10 trillion by yearend, as the central bank buys corporate bonds, municipal securities and makes loans to medium-sized businesses while purchasing $80 billion of Treasuries and $40 billion of agency mortgage-backed securities (MBS) each month. This would be more than double the peak that the Fed's balance sheet reached after the 2008-09 financial crisis.

By stimulus, all they mean is a couple trillion for the fat cats whose portfolios are already up 35% since the pandemic. Maybe a couple billion to be spread out to the peasants. We thought 2009 was the biggest rip off in history. This farce is ten times bigger, and the poor get poorer.

PC OUTRAGE: Tucker Carlson Offended at Reaction to Trump’s COVID Diagnosis | PatrickMercierX

The novel coronavirus has infected more than 7.5 million Americans and killed more than 210,000, but Tucker Carlson insisted it’s “irrational” to be worried about it. Carlson, who claimed on numerous occasions this summer that Black Lives Matter protesters “will come for you,” said concern about virus, and in particular Donald Trump’s behavior since he tested positive for the virus last week, is just fearmongering.

“Trump survived, so can we,” Tucker said during the opening segment of Tuesday’s episode of “Tucker Carlson Tonight.” Though Trump is still symptomatic and contagious and has not actually overcome his COVID-19 infection yet. Trump can still spread the pandamic. Tucker never acknowledged that fact, but went on even so.

“Don’t let it dominate your life, Trump said. That’s advice you’d give your own children. But for the people whose power derives from our fear, it was a threat. They need you to be afraid,” Tucker said. “Perpetually. Otherwise, you won’t obey them. So, of course, they were enraged by what Trump said.”