The Federal Reserve Is Buying All Bad Debt with Funny Money. Fasten Your Seat Belts.

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Analyst George Gammon explains why the dollar appears to be going up in value, why the gold price is dropping, and why the Federal Reserve now is on a drunken spree buying every bad loan and overvalued asset in sight. This is being done with newly created money, which becomes new deposits in banks, which increases the money supply, which causes inflation, which causes loss of purchasing power. [In other words, the Fed is setting up a colossal crash and, when it happens, the cost will be paid by average citizens, many of whom will be forced into bread lines and tents under bridges.] -GEG

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Napoleon Dynamite
Napoleon Dynamite
6 months ago

Gold went up by $19 and the Fed answers to the Treasury now and the Fed is paying for all the debt, but managing it for the Treasury. Treasury answers to Trump, so Trump runs the Fed now.