They had a literal bank in Washington that washed millions in usd

Ftx was many companies.

Fair enough. That guy's almost making my wage in automation anyways.

Dollar milkshake theory looking more real every day.

Lmfao not 1 actual thing said except "no, me right"

Enjoy your unemployment, at least you'll be fixing the dollar. Sorry to say your economics 101 doesn't cover federal rates relations between countries.

8% rates aren't enough.

Well 40 years strong of that not happening in this country as we continuously inflate, because our currency is inflationary by design.

We aren't going from 10% inflation to -9%. We are going to 2% target with about half the effort as in the 80s inflation crisis, and possibly higher inflation levels since our model for calculating has changed.

It's a game of chicken to see whose economy can afford to raise rates fastest to avoid devaluing their own country currency the most. What happens when they sell our fed bonds for liquidity?

So get ready for wendys to be hiring for 30/hr. It's already 23 here starting. I'm expecting the dollar milkshake or a quick move to a centralized crypto as jpow said to save the dollar.

Also he suggested inventing a 1 trillion dollar coin. Zimbabwe style.

I dont see why unemployment would cause deflation. It's not like the working class caused food, oil, college, housing prices to rise.

But judging by our history of inflation, I don't see commodity prices ever going down. Seems more like the working class is paying for it on both ends. They sure as shit didn't manufacture an ongoing liquidity crisis. Maybe housing will dip with rate hikes, but it won't last long.

I'd look at the other folks with 90% of the money supply who aren't going to get laid off. Banks, ultra rich, and many of our elected officials. They're all safe when it hits and will be buying our failed investments in bulk yet again when workers lose jobs and have to sell assets, some they're still paying loans for, to survive.

This one is probably up to the fed raising rates high enough, which it hasn't. It'll cause unemployment for some companies who rely on debt heavily, but idk if I'd say unemployment is a solution so much as a symptom of nearly free (or actually free) loans over a decade to the upper class.