hem_day Profile picture
Jan 27 6 tweets 3 min read
🇺🇸⚡️In the United States, there is a trend of contraction in the money supply despite record growth in lending.
1/6
#usa #finance #money #dollar #ukrainewar #economy #liquidity #banks #banking #fed #ustreasury
This is due to the critical gap between weighted average deposit rates, which are below 1%, and the current market rate for government and corporate bonds.
2/6
This gap creates an incentive for people to redistribute the money supply into alternative financial instruments. And the decrease in the intensity of distribution of helicopter money from the US Treasury & the Fed reducing the balance sheet also contribute to this trend.
3/6
However, this gap plays a stabilizing function in the US financial system by pushing liquidity into the debt markets in the conditions of the printing press shutdown.
4/6
It leads to two impacts on the economy and the financial system, it accelerates money supply turnover and affects inflation, which primarily affects low-income segments of the population…
5/6
… and it redistributes the money supply into alternative financial instruments which concerns the wealthy segments of the population. The reason for the low deposit rates is the excess liquidity in the banking system formed over 15 years of monetary frenzy.
6/6

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More from @hem_day

Jan 29
🇵🇰⚡️ 39 people died in a serious bus accident in southwestern Pakistan. The bus fell from a bridge and caught fire.
1/4
#pakistan #accident #busaccident #balochistan #baloch
The accident occurred in the mountainous province of Balochistan. The bus driver is believed to have lost control due to high speed and hit a bridge pillar before crashing from the bridge.
2/4
There were 48 people on the bus, 39 were counted dead and 4 were rescued and taken to the hospital but are in critical condition. The death toll is expected to rise.
3/4
Read 4 tweets
Jan 29
🇲🇪⚡️In Montenegro, an attempt was made to create a database of citizens who participated in the conflicts of the 1990s in order to bring them to justice.
1/5
#montenegro #yugoslavia #warcrimes #europeanunion #justice
However, this effort was unsuccessful because other countries of the former Yugoslavia did not provide requested information.
2/5
The Montenegrin prosecutor's office had approved a strategy for investigating war crimes in May 2015 and began collecting information on veterans of Yugoslav wars a couple of years ago.
3/5
Read 5 tweets
Jan 29
🇷🇺⚡️Oleg Morozov, a member of the State Duma in Russia, said that statements about confrontation between NATO and Russia could lead to a nuclear collapse.
1/4
#russia #ukrainewar #nato #ukraine #nuclearwar Image
He added that this type of rhetoric would not change the goal of a special operation and called the statement by Admiral Rob Bauer, the chairman of NATO's military committee, "monstrous."
2/4
Earlier, the chairman of NATO's military committee, Admiral Rob Bauer, noted that the alliance is ready for a direct confrontation with Russia.
3/4
Read 4 tweets
Jan 29
🇰🇵⚡️The DPRK Foreign Ministry warned the US with consequences for spreading rumors about an alleged arms deal with Russia.
1/4
#northkorea #usa #ukrainewar #russia Image
They believe that Washington is trying to justify its own arms sales to Ukraine by spreading false information about the arms trade between Russia and North Korea.
2/4
The Director of the Department of US Affairs at the Ministry of Foreign Affairs of the Republic also noted that if the US had not pushed for NATO expansion to the East, infringing on Russia's security interests, the current situation in Ukraine would not exist.
3/4
Read 4 tweets
Jan 29
🇺🇸⚡️US Treasury Secretary Janet Yellen warned that a default in the US could lead to devastating consequences and a complete catastrophe in the economy.
1/6
#debt #usa #ukrainewar #inflation #debtceiling #default #economy #finance #dollar #ustreasury #janetyellen #bonds #fed Image
She said that government spending would need to be cut to match tax revenues and that the spending of the population would also be reduced, leading to psychological consequences and further control of spending.
2/6
Yellen also stressed that it is the responsibility of US President Joe Biden and the leadership of Congress to find a way out of the situation and raise the national debt ceiling.
3/6
Read 6 tweets
Jan 29
🇩🇪🇷🇺⚡️ Providing weapons & financial aid to Ukraine, makes Scholz's statement that Germany is not participating in the war technically (i.e. legally) correct but de facto completely consistent. Is hiding behind legal fictions a long-term solution?
1/9
#ukrainewar #ukraine #scholz Image
Russia has generally better weapons than Ukraine and is fighting an existential #war. Providing increasingly lethal #weapons to Ukraine would not be consistent with Scholz's stated goal of not escalating the situation.
2/9
It should be seen as a futile effort to change the military balance in favor of Ukraine and could ultimately lead to a more violent and destructive conflict with #Russia.
3/9
Read 8 tweets

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