"COVID was a big operation to collapse the US bond market and force the Fed back to the zero balance, get Trump to sign off on the CARES Act, spend $10 trillion, then run out Powell's 1st term and not give him a 2nd term." Who ordered Trump to do the COVID-op, Wall St?
— St. Michael, the Archangel (@aveng_angel) September 14, 2024
34:25, LUONGO We're in control of monetary in the United States, they're in control of political policy. They need both in order to run their plan, and we're going to stop them for 5 years, and that should be long enough, 6 years and that should be long enough. That's the way I see it strategically.
34:52, MILETTE Why would you raise interest rates after being at zero for 18 months in a row when you were at zero, we're at 5.5% right now? It's good for the greenback. I don't see how this is good for the country.
35:17, LUONGO They're doing it for themselves, but they're also doing it. At the end of the day, JP Morgan doesn't care where they invest in the pipeline. They don't care if it's in the Donbas, they don't care if it's in Dubuque, Iowa. If you listen to Jaime Dimond talk, he'd rather invest in Dubuque, Iowa.
