Starting in 2010, Thomas Hoenig voted "No!" on all of the bullshit that has led the country into the mess it finds itself in today. He was the lone voice of dissent. Why? For starters, he has a set of balls. Secondly, because he's a normal fucking white man who came up the son of a plumber and was living in a work-a-day Midwestern city where most people are unapologetic Chiefs fans (I know the fucking name makes the Woke go ape shit but suck it up buttercup) and he knew how shit went down at banks during the 70's.
What is really infuriating (or at least it should be) is that the Federal Reserve salary for most of these ass clowns is north of $400,000 per year. You could have Harry and Lloyd run things, pay them half as much AND GET BETTER FUCKING RESULTS than the current League of Geniuses that are parked at the Federal Reserve. They are playing catch up right now and have no choice but to jack rates to the moon.
Why? Because none of these ass clowns would listen to Hoenig (or others like him) when they should have been. The Fed has been fucked up for a long time and the chickens are coming home to roost. Embrace the suck.
Personally, I'm OK with what is happening. Why? Because I'm not a debtor and I'm finally seeing some meaningful return on savings. Get used to coughing it the fuck up. This shit show is just getting started. Thanks to the recent Biden legislative win, the IRS is going to transform from Bonzo to King Kong where tax enforcement is concerned. Cheats are going to have a tough time hiding from a new army of accountants. Gotta make good on those Treasury bills and notes.
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