The Good, the Bad, and the Ugly: The Federal Reserve’s Attempt to Contain COVID-19 Economic Damage
In an attempt to mitigate economic damage from the COVID-19 shutdowns, the Federal Reserve has injected more than $2 trillion of newly created fiat currency into the economy. Since the end of February, the central bank has expanded its balance sheet from just over $4 trillion to more than $6.6 trillion. Rather than limit itself to relying on its usual tools such as lending directly to financial institutions through its discount window, the Fed is lending directly to businesses, directly purchasing corporate bonds, and purchasing state and local government bonds. Join us for a conversation about these developments—and what they mean for our economic future.
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Around 15:40 he gives the Fed a A Rating for the actions that they initial took in Feb and March of this year. The guys cites one example of quickly injecting all this money into the markets and one way was by REPO operations. What i would like to know is… why the Fed was doing DAILY REPO OPERATIONS since October of 2019 (oct or nov of 2019 when the repo market had that "glitch"). And these daily operations/injections were in the tunes of billions and trillions of dollars. DAILY !!!! And they were not stopping or decreasing it at all, and as a matter of fact they were increasing them!!! I'm not a conspiracy believer necessarily, but i gotta say the timing of this pandemic which brought congress together to approve Trillions in emergency funding seems quite timely if someone were to be bleeding money then needed more money and needed a good way to just dilute all these big number transactions so it's hard for anyone else to see them or know what's going on. And another strike of just good luck, if i were this person… the bills passed by Congress with these Trillions of dollars in aide.. they also tell me that I don't have to report on what I'm doing anymore, and when i meet with my board members and discuss our plans (all the fed reserve banks) – we don't have keep notes or records anymore!! Wow… that makes it much easier to commit my fraud. i think WE all are being fooled, and the lies they tell to fool us are getting bigger and bigger and even more in your face to all of us, because with the election of Donald Trump – not only the politicians know, but know the banks, the federal reserve and even all the companies, stock markets, etc etc they all know realize that we the American people have become so DUMBED down that they can basically say anything and do anything and get away with it.
I will vote republican once they end the fed
Distribution of wealth.
The central bankers are behind the fakedemic.