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The Director brought to my attention that the overnight Reverse Repo, conducted by the shameless charlatans at the Fed, is regularly at the $1.5 trillion level now, night after night. I would humbly ask you to compare recent activity to what USED to take place and try to accept the fact that there’s absolutely nothing wrong here.
It’s clear the glory days of the Ottoman Empire are long past. Below is a chart of the Turkish Lira versus the US Dollar. The good news, I suppose, is that you can stroll into Istanbul and probably pick up a house or two with whatever is in your wallet.
On its way toward its true value…….
