…Long Live the American Dream
Raoul Pal: Real Vision
00:00
Is the Fed Balanchy a New Thing?
The Fed are papering in the cracks, the cracks of the demographics. It's all demographics because the demographics is what built the debt to make up for the wages that were caused by the demographics. And so it's all trying to offset an aging population. So you have to bid the collateral. You have tobid the collateral. The denominator was falling in value every time they did it. Most assets have not got back to their prices versus the Fed Balanchy or M2 and never will.
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