Did Jerome Powell lie to US Senate in front of Senator Richard Shelby?
Few words about the Ukrainian War; The
lamestream media as/within NATO members countries showing only Russian potential
as Russia reflects these imaginations and not the genuine reality on the ground.
(click on the
images to the left)
Currently the Ukrainian Army push the Russian back of east Kyiv and on south
front they have fighting in the Kherson region east of Mykolaiv so if succeed
they cut off the Crimea fully.
On 03,03,2022, Jerome Powell
testified in front of Senator Richard Shelby on monetary policies and prove that
he Jerome Powell has no policy at all. Jerome Powell did claim at the US Senate
floor that the FED’s will squeeze inflation the way Dr. Volcker did it during
1980’s via crash on demands, what basically means recession. But on March 16,
2022 at the Press Conference via Fo-Pah as jigsaw, he
Jerome Powell revile the monetary policy that the FED’s implemented currently.
Quote; “there's also the shrinkage of
the balance sheet which you people do the math different ways, but that might be
the equivalent of another rate increase just from the runoff of the balance
sheet.” In other words, the FED’s reducing the assets on its balance sheets.
At least in his Jerome Powell intention as per minutes of the FOMC Committee it
shall be done in June, either then in January 2022 FOMC Committee amended it to
mid-March 2022. (click on the
image to the right)
The Federal Reserve (Fed) has been
supporting financial markets by buying $120 billion of U.S. Treasury and
mortgage-backed securities (MBS) each month since the very first illegitimate
President Joe Biden has taken the White House.
Currently, the Fed is in the process of reducing (tapering) the amount of asset
purchases but is still adding to its balance sheet. Balance sheet runoff, or
quantitative tightening (QT) as it’s also called, is how the Fed plans to reduce
the size of its balance sheet. Currently, as bonds mature, the Fed reinvests
those proceeds back into Treasury or mortgage securities. However, the Fed plans
to forgo reinvestment and allow the bonds to mature and not replace them. That’s
well-known theory, but in practice on 16-Mar-2022 the FED’s total assets are
8.954,306 in trillion, and on 23-Mar-2022 8.962,474 in trillion. This basically
means that is growing 1.832 billion last week. That is not all. Last week in
Total SOMA Holdings the FED’s were in 8,413,040,534.700 as these obligations and
the week March 24 2022 it is 8.421,869,119,800 what means that 8.829 in billion
these obligations grown faster 5x than the FED’s assets. In this pace we will
get to FED’s insolvency within or roughly counting 14 weeks as the current
bracket the FED’s are in is 549 billion.
One more thing has to be explained.
This FOMC Monetary policies are just the FED’s and within this Nickel and Dime
operation there is a side effect applying to US GOV. as the expenses will grown
simultaneously with the FED’s monetary policies bringing US of America over the
financial cliff. Please take a propel look to the simple
calculation of the red position of the Primary Dealers net position, as the red
boxes reflect GOV shortfall on these obligations. While currently there is still
no big deal then this year is shall start emerge to the surface as the shooters
contract 2 years or so need to be covered by maturity dates. (see the
image to the left and bottom left)
In my opinion former Democrat
present Republican Senator Richard Shelby shall make some form of union with
Senator Joe Manchin and contact me before it be too late; I will give them the
solution upon agreement and all will return to normal. … So far, we have System
Open Market Account (SOMA) at the level of 8,37 trillion as of 09 of March 2022,
what means few weeks left before reach 100% of the FED’s assets either the FED’s
improve these SOMA position. On the Primary Dealers liquidity market situation
become worst and worst from one week to the other.
Off course there is a simple
solution. All we need is about week from the time someone with open mind take
control of the low before the storm. We can simply restore Gov. wallet and begin
to pay back the Debt hold by the public as this is the only way to get out of
this mess.
By Peter von
Roggenhausen March. 26.2022
Oh. Well, as the
people saying “Money talks” … so if we had had the necessary fund, you will have
the right information at the right time.
