SPECIAL REPORT: Powell LIES To Inept Congress And Goes Unchecked. By Gregory Mannarino
(VIDEO).
Gregory Mannarino
FED. BALANCE SHEET LINK: https://www.federalreserve.gov/monetarypolicy/quarterly-balance-sheet-developments-report.htm
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Thanks for updating us☺
Greg, if congress wanted to hear the truth they wouldn't have asked Powell to go there. None of them want to hear the truth under oath because that would mean they have to do something and God forbid the day comes where they have to say 'Yes, we screwed up, the Fed screwed up, and now we are all screwed...have a nice day, don't forget to vote'
Thank you for your information
Hi Greg I enjoy your videos. I think it may be a bit too early for your assumption that the fed lied. It would have been helpful for you to provide a link to what the FED actually said about normalization of the balance sheet. The link you provided shows the balance sheet as of October 25 2017. Is the FED only able to talk to published reports on its website and not what may have transpired over the last 4 months since the report?
I did some digging and found weekly reports on the FED balance sheet which have weekly reports. It is interesting that the balance is in fact going down since the report Greg linked to from November 2017.
https://www.federalreserve.gov/releases/h41/
Here is an interesting article. It talks about how the fed reduced the balance sheet after Oct 25th which is the date reported in Gregs most recent report that he linked to.
http://www.businessinsider.com/fed-balance-sheet-normalization-is-happening-2017-12
"The Fed doesn't actually sell Treasury securities outright. Instead, it allows some of them, when they mature, to "roll off" the balance sheet without replacement. When the securities mature, the Treasury Department pays the holder the face value. But the Fed, instead of reinvesting the money in new Treasuries, destroys the money - the opposite process of QE, when the Fed created the money to buy securities.
This happens only on dates when Treasuries that the Fed holds mature, usually once or twice a month.
In October, the big day was October 31, when $8.5 billion of Treasuries on the Fed's books matured. The Fed reinvested $2.5 billion and let $6 billion "roll off." Hence, the amount of Treasuries fell by about $6 billion from an all-time record $2,465.7 billion on October 25 to $2,459.8 billion on November 1."
Wow, kind of like VOODOO huh ?
very interesting, thanks for sharing.
Greg the legend with another upload!! Upvoted and resteemed Mr. Robinhood!!!!
Thanks for your updates.
upvoted and resteemed
upvoted and resteemed
Sir, You always sharing the hidden truth. Thank you so much for that.
Upvoted & resteemed.
The Fed lies...who knew?
upvoted and resteemed
Upvote and resteemed sır
Resteemed!
Beautiful Post, Sir.
Upvote & Resteem
upvoted and resteemed.
Good job sir resteem and upvoted
Thanks for telling the truth Greg @marketreport.
Resteemed sir