Fake outrage and fear porn?? You lost me there. If you think the Fed has nothing to do or has little to no control over the economic landscape we find ourselves in today, then you’re willfully ignorant or just young and naive.

TLDR: We’ve printed ourselves out of every recession we were supposed to have since the dotcom bubble including 08 and very much including COVID. We essentially kicked the deflationary environment can down the road addicted to easy money from QE to the point where we are now. It served us well in the short term but made the inevitable problem exponentially worse in the long term since it just kept adding to the Debt/GDP ratio which is at asinine levels right now. Basically, from this point forward, we’re screwed whether we print or not. Why? Because if we keep going through the current QT we were supposed to properly do two decades ago, deflation happens, but with all the added momentum of not deflating for the last two decades meaning severe depression. If we decide to keep printing, it just adds to the inflation which could easily tip into hyperinflation. Both shit. Both very real outcomes and very in front of your face today. That’s why if you follow up on any financial news, you’ll clearly see a lot of creaking going on ie BoE margin calls government step ins, Credit Suisse, US government approval for banks to tap into peoples pensions and insurance accounts for “liquidity,” German bank executives implying “Global margin calls”, etc etc.

No fear porn or fake outrage here. Just verifiable facts.