Loading ...Looks like Hemke’s prediction has come true because the Federal Reserve is printing billions in cash in the Repo market every week. Hemke explains, “At the last Fed meeting in September, we were told that the Fed was ‘neutral’ right now, and they were just going to be ‘data dependent’ and everything is fine…”
“Just three weeks later, (Fed Head) Powell is out there saying we are going to have to restart buying T-Bills, and these repo facilities we have set up are going to become a permanent thing.Wait, whoa, what happened here? Just three weeks ago, you said everything was fine. These repo facilities they have set up are basically like a Fed pawn shop where banks can come to the Fed and say here are some Treasury bonds… we are going to give you these Treasury bonds and you are going to give us some cash.We thought this was temporary back at the end of September, and now it’s a permanent deal. Every single day, banks are showing up at this Fed window demanding dollars. Powell has also said don’t you dare call this quantitative easing, and the Fed is going to start monetizing $60 billion in U.S. debt every single month through June. . . . That’s over $500 billion in debt they are going to monetize, but don’t call it QE…The point is the central bankers are moving into a panic mode. I thought this was going to be more gradual… all of a sudden, the signs are there that this is a panic.”
The demand for all the massive amount of money from the central banks and the Fed leads to a crisis of confidence in their ability to keep things going. Why would you not want gold and silver? There is a global awakening to that, and that is why prices have hit new all-time highs in 70 currencies around the globe, and we will see new all-time highs in dollar terms, too, next year.”
https://www.zerohedge.com/markets/hemke-pawn-shop-repo-market-signals-fed-panic-mode