You are a free subscriber to Me and the Money Printer. To upgrade to paid and receive the daily Capital Wave Report - which features our Red-Green market signals, subscribe here. I Think I Found The Next Fed ChairmanHow a Poteet Man Got 20 Years for Doing What Jerome Powell Does Before Breakfast
Dear Fellow Traveler: Meet Glen Mosqueda of Poteet, Texas. He’s a man whose crime was believing in the American Dream too literally. While the Federal Reserve can hit a button and create billions from thin air… poor Glen was grinding it the old-fashioned way: one fake Benjamin at a time in his car. On May 18, 2024, Deputies Sanchez and Morse pulled over what they thought was just another routine traffic violation. Mosqueda had a car full of counterfeit bills, a printer still warm from its latest creation, forged checks, and tons of fraudulent mail. Deputies also said they found a tray of paper with copies of currency still in it.
Glen couldn't even wait to get home before firing up his own Quantitative Easing program. Poor guy didn’t know… I suppose. When the Federal Reserve prints money, it's policy. When Glen prints money, it's a felony. Don’t Pass Go, GlenA federal judge could sentence you to up to 20 years in prison and a fine of up to $250,000 for counterfeiting. Meanwhile, from a modest $900 billion at the end of 2007, the Fed’s balance sheet ballooned to approximately $6.85 trillion by January 2025. It peaked at $9 trillion in 2021. All of that money was printed from nothing. I hate to say it, but Glen Mosqueda faces two decades behind bars for what Jerome Powell calls "Tuesday." That’s a never-ending problem in America. We all work for something each day that our government can print and debase. According to the ACSO, Mosqueda was arrested in 2022 on similar charges. You've got to admire the persistence. While most people give up on their New Year's resolutions by February, Glen stuck with his dream of monetary expansion for at least two years. Instead of recognizing his clear passion for currency creation, the U.S. system branded him a criminal. Imagine if we'd channeled that energy productively. This man could've designed the next $20 bill, not copied the current one in his Corolla. And there are a lot of new $20 bills on the way… The official Federal Reserve print order for CY 2024 contains notes valued at $180.5 billion to $204.4 billion, ranging from 5.3 billion to 6.9 billion. Glen's entire operation probably couldn't produce that many bills if he lived to be 500 and never slept. But you have to have goals… The Real Crime? Thinking SmallWhere Glen went wrong wasn't in printing money. It was due to his lack of ambition. When you print money in your car, you're a felon. When you print money from the Eccles Building, you engage in "accommodative monetary policy." According to economist Robert McTeer, former president of the Federal Reserve Bank of Dallas, there is nothing wrong with printing money during a recession. Well, Robert, something is wrong with it… If you're not wearing a three-piece suit while doing it. Instead of sending him to federal prison, the Fed should offer him a job interview. The Federal Reserve is always looking for someone with hands-on experience. Sure, his methods were crude, but you can't teach passion. It’s hard to find that level of dedication to currency creation. Who’s Right, Who’s Wrong?The only difference between Glen Mosqueda and the Federal Reserve is scale, sophistication, and a government seal of approval. Glen's real crime was believing the money-printing game is open to regular folks. When he saw what the big boys were doing, he thought, "Hey, I can do that, too!" But, no… No, he can’t. We need our money printing centralized, digitized, and sanitized. We need it wrapped in economic jargon so thick you need a PhD to understand that we're making dollars out of thin air. Trump's Next Fed Chair?Just yesterday, I wrote about how Trump wants Jerome Powell gone. Trump’s been shopping around for replacements. Now Glen Mosqueda enters the chat like a gift from the comedy gods. Trump needs someone who understands monetary expansion, has hands-on experience, and will not hesitate to fire up the printers. Someone who, unlike Powell, actually WANTS to increase the money supply. As Glen awaits his fate in the Atascosa County Jail, just let him be the next Federal Reserve Chairman. Ask yourself: Could he honestly be worse than Yellen? Stay positive, Garrett Baldwin The Receipts: Federal Reserve, Forbes.com, KSAT, Atascosa County Sheriff’s Office About Me and the Money Printer Me and the Money Printer is a daily publication covering the financial markets through three critical equations. We track liquidity (money in the financial system), momentum (where money is moving in the system), and insider buying (where Smart Money at companies is moving their money). Combining these elements with a deep understanding of central banking and how the global system works has allowed us to navigate financial cycles and boost our probability of success as investors and traders. This insight is based on roughly 17 years of intensive academic work at four universities, extensive collaboration with market experts, and the joy of trial and error in research. You can take a free look at our worldview and thesis right here. Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.
|
Subscribe to:
Post Comments (Atom)
0 Response to "I Think I Found The Next Fed Chairman"
Post a Comment