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GEG Commentary

Repo Madness: Fed Pumps Overnight Bank Funds to $120-Billion a Day

October 25, 2019 Breitbart 2

If $120-billion loan one day is replaced by another $120-billion loan the next day, the result is that the constant money supply has been increased by that amount. Since the long-standing pattern is for the size of these loans to continually increase, the inflationary effect is undeniable.