Banking Crisis In America - How It Affects YOU
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The Fed Holds 0% Interest Rates and Purchases $120 Billion Per Month of Treasury and Mortgage-Backed Securities
The last time our national debt, GDP to national debt ratio, when you look at this year, was a hundred percent, right after World War II. The Fed held 0% interest rates and purchased $120 billion per month of treasuries and mortgage-backed securities,. They're buying instead of taking money out, they're putting money in. People have money, but we don't have available goods. Inflation goes wild. Prices start going up too slow, too fast for us to respond. It's like a car driving at an 8,000 RPM. Boom. Engine blows up. You can't do this for too long.
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