This is intentionally done. They are raising the discount rate above the rate of all the mortgages and other fixed rate loans the banks hold on their balance sheets. This will cause bank failures.
If they didn't want to collapse the economy, they would leave rates at reasonable levels and let inflation kick in. The government printed and gave the money to their friends, this devalues the currency. All the jews are doing by raising rates is causing a second problem.
I wouldnt assume many banks are holding comically low rate MBS. These days they mostly broker and service MBS, but leave moronic institutional investors to hold the loans.
What banks ARE holding are low rate US government bonds. Arguably those are worse because at least a 3% MBS is backed by the underlying asset. Whereas t bills are backed by hopes and dreams.
Point being for the people who cannot read the business section:
jews control our central bank and are deliberately destroying our economy.
Here is what happened:
1) government spent trillions of dollars on COVID, Ukraine, israel, and other grift. 2) they created these trillions out of thin air. 3) if you think of the US's value as an apple pie, printing money does not make the pie bigger. 4) printing money creates more slices in the pie. Instead of having 8 USD slices, you now have 16 USD slices (the USD is worth half as much). 5) this is inflation tax in a nutshell, making the pie slices smaller. 6) instead of letting the value of the pie slices drop by 50%, the jew controlled central bank is making the 50% sized pie slices harder to get by raising interest rates (making pie scarcer). 7) the banks, pension funds etc. lent out big pie slices, but now are going to be paid back in tiny pie slices that are worth half as much. 8) this will cause them to go into insolvency, because they are being paid back in pie that is worth half of the pie in which they invested. 9) this collapse will cause a depression, where jews can buy up real assets for fire sale prices, further sucking wealth out of the US. 10) their plan seems to be putting small businesses out of business, and buying residential real estate to rent it out to us goyim, as well as potentially collapsing the USD pie entirely in order to bring in CBDC's and transnational currencies.
Pretty accurate description of how inflation functions as a de facto tax and redistribution scheme for those closest to the money printing.
Most Poalers get it, but 95% of people elsewhere just reee and spew propaganda at me every time I point out to them how supporting socialism will result in them living in ze pod, eating ze bugs due to fiscal realities.
At this point I'm looking forward to them getting their comeuppance. FAFO.
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