The fed is in it for the ride just like the rest of us. You can pretty much bet against anything these days, as long as banks/ casinos make their buck regulators will stay at bay. This game will continue until Uncle Sam loses his favorite toy then we can go back to building real products.

#mmt

Did i just listen to 20 minutes of someone describing why the circumvention of finacial regulatory structures, while being incredibly volatile and risky for everyone is ultimately novel, good and necessary?

@lindahill9903

Ай бұрын

yep. You too can buy credit-bubble dollars at rort prices. This kind of New Economic Thinking we DON"T need. After bail-outs by taxpayers and austerity policies slashing social programmes across US, UK and EU, with only minimum regulation of retail banking, the financial sector is back to high-stakes financial gambling, including this new financial area: FX. To ensure the next crash is truly global. It's probably servicing the asset managers and their private equity investors (fewer publicly listed, publicly reporting corporations) that are buying up property and businesses around the world and reselling within a few years for the capital gains.

@camiloquintero1590

Ай бұрын

I understood more so that according to her the FX institutional providers of dollar funding, as alternatives to commercial banks, are providing a valuable service, however their mechanism is very opaque and difficult to regulate, and she specifically mentions how it can be a ticking time bomb.