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#1177 Caitlin Long On Bitcoin & The Banking Crisis
The Pomp Podcast
The Fed Is Trying to Reduce Demand to Bring Inflation Down
The Fed is trying to keep the total amount of debt in the non-financial sector growing. In just five years, it went from 70 to 94 trillion. The punchline on inflation is that they can't raise interest rates high enough without bankrupting the banking sector. Go back and read the creature from Jekyll Island about the corrupt bargain that created the Fed for a reason.
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