BUT THERE'' S ADDITIONALLY CATCHUP AND THE REBOUND FROM THE PANDEMIC HAPPENING AT THE SAME TIME >>> > > > IN HER LATEST OP ED, JUDE EJUDEY SHELTON COMPOSES THAT THE FED MAY SOON NEED THE TREASURY'' S ASSISTANCE. JUDY JOINS United States THIS EARLY MORNING SHE'' S An ELDERLY FELLOW. SHE ' S THE WRITER OF “CASH MELTDOWN.”” AND I ACTUALLY, RICK BROUGHT IT UP WE JUST DISCUSSED IT. I WAS GOING TO TALK IN MORE BASIC TERMS ABOUT WHAT'' S OCCURRING TODAY, BUT IT'' S OUT OF THE BAG. ALLOW'' S, IT ' S A BIT ARCANE. IT IS INTERESTING, BECAUSE AS RATES INCREASE THE FED IS GOING TO HAVE TO PAY EVEN MORE ON THE RATE OF INTEREST THAT IT PAYS. THEY'' VE HAD MONEY AS MUCH AS THIS POINT. THAT'' S SOON GOING TO GO AWAY, AS WELL AS THEY'' RE ACTUALLY GOING TO PAY FINANCIAL INSTITUTIONS UP, REALLY GREATER THAN MARKET PRICE TO ENSURE THAT THEY DON'' T LEND MONEY TO OTHER INDIVIDUALS NOT ONLY DOES IT HURT THE SUPPLY SIDE OF CASH ACQUIRING OUT TO WHERE IT'' S NEEDED, BUT CONGRESS MAY HAVE TO OR I ' M SORRY, THE TREASURY MAY HAVE TO ACTION IN AND ALSO COVER THE EXPENSE FOR THE FED TO PERFORM THIS FOR FOREIGN BANKS ALSO >> > > THAT ' S CORRECT.AND I ASSUME IT ' S ESSENTIAL FOR THE AMERICAN INDIVIDUALS TO UNDERSTAND HOW THE FED ACTUALLY RUNS THAT ' S WHY BECAUSE OP ED PIECE IN THE JOURNAL, I ' M ENCOURAGING THE'FINANCIAL JOURNALISTS WHO WILL POSITION QUESTIONS TO CHAIRMAN POWELL, TO ASK ESPECIALLY CONCERNING THESE MECHANICS. I HAVE LONG BEEN AGAINST PAYING RATE OF INTEREST ON RESERVES THESE ARE CASH MONEY ACCOUNTS THAT BANKS MAINTAIN THE FED. THEY ARE STERILE ACCOUNTS. THEY ARE SPENT IN NOTHING THEY ARE NOT DOING ANYTHING TO ASSISTANCE PRODUCTIVE ECONOMIC ACTIVITY AND NOW WE ' RE SPEAKING ABOUT BY THE END OF THE YEAR PAYING UP TO 3.5%'INTEREST ON THESE RISK-FREE ACCOUNTS AND AFTER THAT YOU CONTRIBUTE TO THAT THE REHOLD MARKET.AND THEY ALSO ARE PAYING BECAUSE SITUATION FINANCIAL INSTITUTIONS AS WELL AS MONEY MUTUAL FUNDS AT OUR CENTRAL BANKS AND ALSO I THINK AMERICANS WOULD BE INTERESTED TO KNOW THAT THE $190 BILLION THAT WE ARE AT 3.25 AT THE END OF THIS YEAR THAT THE FED WOULD BE PAYING TO BANKS AND ALSO CASH MARKET FUNDS, I WOULD SAY THAT THE QUANTITY GOING TO FOREIGN-OWNED BANKS WOULD EXCEED 30 %. AND ALSO AT THIS FACTOR, THE FED GAINING LESS THAN THAT ON ITS PROFILE, THE TREASURY WILL CERTAINLY HAVE TO COVER THE VOID, PRLUS THS COMPENSATION SCHEME THAT THE FED HAS LONG ENGAGED IN. THEY PROVIDE 90 %OF THEIR PROFITS BACK THAT OBTAINS TIRED AS THESE RATES OF INTEREST RISE THE MEANS THE MECHANICS OF THE FEDERAL GET OPERATE. > > AS WELL AS THE ECB PAYS ZERO RATE OF INTEREST ON DEPOSITS > > YES F > > IT ' S ONE TRILLION NOW. > > AND ALSO THEY MAINTAIN A BIG FIRSTAGE OF THEIR >> POSSESSIONS IN MONEY THEREFORE 41%. THEY KEEP IT IN >> CASH MONEY IN >> THE UNITED STATES SINCE THEIR >> OWN FINANCIAL INSTITUTIONS PAY, IT ' S An UNFAVORABLE PRICE FOR THE EUROPEAN CENTRAL FINANCIAL INSTITUTION UNTIL RECENTLY. CURRENTLY IT ' S ZERO. AND THE FINANCIAL INSTITUTION OF JAPAN PAY AS NEGATIVE.1%SO OBVIOUSLY THEY ' RE HAPPY TO OBTAIN PAID MUCH HIGHER PRICES IN THE UNITED NATHIGHER FEES IN THE UNITED STATES.I THINK THEY HIGHLIGHT PROBLEMS WITH THE FED BUT I ASSUME IT REQUIRES IT ' S WAY OFF COURSE IT ' S NOT SUPPLYING STEADY COSTS IT ' S NOT SUSTAINING EFFECTIVE FINANCIAL TASK. THE TARGET RISING COST OF LIVING RATE'NEED TO BE ABSOLUTELY NO, NOT 2%. AND MARKETS MUST PLAY An ESSENTIALLY MORE CRUCIAL ROLE IN DETERMINING RATE OF INTEREST. SUPPLY AND NEED OPERATED IN A FREE ENTERPRISE ECONOMIC CLIMATE TO OFFER YOU THE VERY BEST PRICE. THE MARKET-DETERMINED PRICE I THIN.
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