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0 pointsFactorium4y ago0 comments

The Fed hired Blackrock to manage the QE program.

They are basically in charge of printing US dollars and buying their own assets.

And we think crypto is bad...

We should just end the Fed and replace it with a giant algorithm, with crowdsourced and transparent consumer price data. Maybe a few humans to keep the lights on, and to figure out how a 4K TV is better 'value' than a 1080p TV, etc.

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missedthecue4y ago

BlackRock was hired to run the feds open market bond operations. BlackRock are experts at buying bonds off the open market which is why they were hired.

BlackRock does not have control over the money supply.

j / k navigate · click thread line to collapse

0 comments

missedthecue4y ago

BlackRock was hired to run the feds open market bond operations. BlackRock are experts at buying bonds off the open market which is why they were hired.

BlackRock does not have control over the money supply.

j / k navigate · click thread line to collapse