For those that are new, I started following Garrett in mid May 2025. It took a while for someone with zero prior financial "plumbing" training but I am now fluent to the point I understood that sentence real time (reading this article graded that paper).
This stack and Capital Wave are worth the effort to learn.
If you really want to know what the Federal Reserve is, read "The Creature from Jekyll Island". Whatever you thought before, it is far, far, far worse.
For those that are new, I started following Garrett in mid May 2025. It took a while for someone with zero prior financial "plumbing" training but I am now fluent to the point I understood that sentence real time (reading this article graded that paper).
This stack and Capital Wave are worth the effort to learn.
Thank you Sir… also helps that you’re curious. You ask questions… which I don’t mind answering…
Is the 10% reserve requirement of fractional reserve banking another example of rehypothecation?
There is no reserve requirement right now :)
But reserve fractional is a whole other fever dream that I can go into…
Yeah, I know it's a complicated scam, which seems to be SOP for any government entity.
Although, having said that, the Federal Reserve is as much a government entity as is Federal Express.
If you really want to know what the Federal Reserve is, read "The Creature from Jekyll Island". Whatever you thought before, it is far, far, far worse.
An excellent post! Thank you for explaining :-)
How about the Sprott ETFs
COPP and SETM ? Relatively new but interesting. I don’t like their fees though, seem a little on the high side 😉.
Capital Wave? Point in the right direction to find this post please. Yes, I looked!
It’s on the main Substack site. Capital Wave is the paid edition of this letter that comes out each weekday morning
Really enjoyed the conversation on the compound. And loved this explanation on the repo market and rehypothecation!
Interesting but how as a retail investor should I act and when on these data points
We talk about that in Capital Wave. My outlook that came out yesterday focused on a brewing shift toward defensives and metals
GARRETT, its a 30 YEAR bond, not a 30 DAY bond, geeez....
Yes… sorry. You get a free month
Thanks for explaining, now it makes so much more sense