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They pumped trillions out of the Fed, but much of that
Posted on: March 30, 2020 at 22:35:16 CT
JeffB MU
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went to the banksters, including foreign banks.
They controlled inflation by changing the law to allow the Fed to pay interest on deposits held at the Fed, so the bankers put more of their money in the Fed for the no risk interest, pulling it back out of circulation and the money supply.
But it still blew great big bubbles we won't recognize until they pop. There are limits to how big of bubbles governments can create before the inevitable catastrophe that ensues, as has happened numerous times throughout history. But they always think that "It's different this time."
They controlled inflation by changing the law to allow the Fed to pay interest on deposits held at the Fed, so the bankers put more of their money in the Fed for the no risk interest, pulling it back out of circulation and the money supply.
But it still blew great big bubbles we won't recognize until they pop. There are limits to how big of bubbles governments can create before the inevitable catastrophe that ensues, as has happened numerous times throughout history. But they always think that "It's different this time."
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They pumped trillions out of the Fed, but much of that - JeffB MU - 3/30 22:35:16