This morning. The 2 year treasury is dropping and the inversion is less. The Fed loaned money on bank treasuries rather than buying them, the loans are due in a year, therefore this borrowed money will not be lent and will not increase the money supply.

This will likely stop the crisis but the entire practice and mechanism of the Fed using crisis management to try to overcome profligate government spending, kicks the can down the road and oppresses the people and transfers wealth to the government and their cronies. So they avert current crisis but increase the albatross around the neck of the people.

The profligate government spending puts the money into the hands of the powers that be, many unprofitable rent seeking business models and pure risk models. Money laundering is massive. Then to wring the fiat dollars out of the economy before it tips over, the Fed draws the money out of the hands of the little guys, interferes with their natural attempts to build a life and small businesses, their mighty efforts to get ahead and form families and protect them, busting generation after generation, keeping them in every way from building wealth. Bringing on ever greater poverty and social pathologies. Destroys hope. This is a mechanism used by countries all over the world. How long will this perverse governance go on? Only God knows.