As far as I read this power was only granted in 2008. So maybe Fed could still use reverse repo for the monetary policy
itâs a great sign when youâre reverting systems that were put in place during the Great Financial Crisis 
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Donât forget every Friday there is new show. This Friday itâs Canada. Tariff show is never over. Itâs part of our lives
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Very concerning, financial repression is coming to you sooner than you think.
https://x.com/ecb/status/1938523245332045896
The UE needs money so they will force âretailâ to invest in EU companies. Next is to force people to buy EU bonds..
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The article proposes a:
European savings standard â a standardised, EU-wide set of savings products with potential tax incentives for eligible products
How is this âfinancial repressionâ?
Also, even if it were so, how would this be coming to us? Weâre not in the EU (yet, probably never).
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This was already discussed, what is wrong with encouraging investment?
(A big issue for Europe is that many people have a lot of money in savings account, this means while thereâs a lot of money around itâs not really available to invest in companies, itâs a big disadvantages vs. the US where most people put large part of their savings into the stock market)
edit:
The UE needs money so they will force âretailâ to invest in EU companies.
Nothing in that tweet says this as @assemblyrequired also mentioned. Nobody is forcing anyone to do anything here, itâs about simplifying and encouraging.
edit2:
actually itâs different from the one already discussed (the one already discussed was some official proposal, this is just an opinion piece from ECB employees), but itâs the same idea, itâs how to encourage more participation in capital market instead of having money stay on the sidelines.
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I know this is not big-world-financial politics, but letâs record this here in the Chronicles as well.
In 2025 (~8 years later than first promised), a Tesla was finally delivered in FSD from door-to-door without a human driver. https://www.youtube.com/watch?v=GU16hXSSGKs
Might be preprogrammed and remote-controlled and any-cheat-you-like-enabled, but this is still crazy impressive. Hats off, Elon!
Can you please clarify what is your definition of financial repression?
Isnât this what Waymo does too? Or FSD means something else ?
To me financial repression is about policy to direct peopleâs savings and deposits in order to meet political goals. Itâs policy to help financing the state or ease the burden of debt.
It can be hidden behind âsafe asset regulationâ or some bank regulation to force holding domestic assets/bonds. At its core it is capital control and It starts with tax penalties and regulatory barriers when investing abroad.
Sure, this is less relevant in the Swiss context. But it will become a thing in the banana republics that surrounds us.
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Ok.
The actually definition is
Financial repression comprises "policies that result in savers earning returns below the rate of inflation " to allow banks to âprovide cheap loans to companies and governments, reducing the burden of repayments.â It can be particularly effective at liquidating government debt denominated in domestic currency.
ââ
I think you are unnecessarily worried. There is no plan to force any citizen to do anything. If government is making it interesting for people to invest in EU, I donât understand what the problem is ?
In US -: municipal bonds are tax advantaged, is it financial repression?
Personally I think people in EU should be happy. Finally there is lot of action in EU. Lot of trade deals. Lot of effort to fix internal issues. After a long time CNBC gurus talk about Europe every other day.
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If thatâs your definition then US is a big one, try investing in non US investment funds if youâre subject to US taxation (donât have to be a resident).
They also have things like Roth IRA, 401k etc. to encourage investment in capital markets.
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Bill has now passed the Senate, has Section 899 now been definitively removed?
Google claims it did:
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Looks like the bill will be signed on 4th July now.
This week has been good for US administration
- NATO agreement
- Supreme Court verdict to restrict scope of lower court judgements
- BB bill moving further
- Israel & Iran ceasefire
Who knows what next week brings. Drama continues
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This is factory delivery of a new car to the door of the owner - without any human touch.
Waymo is a taxi service.
But whatâs the difference in actual functionality?
Both go from A to B right?
However imagine -: AI ordering a car built by AI
Imagine your car can drop you off at work/in the bar and then find home to park itself. Or bring you home with you sitting in the back. Or it could shuffle kids to activities, park and then bring them back. Make the âservice runâ while you are working.
Doing Uber runs at night while you are sleeping and get back and charge full by the morning (self-charging is still not a thing though, unfortunately).
All that with the power of AI and sans Lidar and other sensors.
We are a giant leap closer to this reality thanks to a mad man who believed in his vision.
I understand all this and yes itâs amazing .
But what I donât understand how is this different from Waymo capabilities.
By the way. I donât think the world would be so fun with FSD cars. I am concerned there might be too many cars on the road
This is hell, and I hope it is never legalized in Europe. 
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