The Fed's Quantitative Easing Plan Is Causing the Economy to Lose Money

The government has said no matter how much money the banks lose, even if Chase and Citibank are insolvent. To make the banks whole from the loss, the government will have to create suddenly another $9 trillion. The entire economy will not only move into what Mr. Powell calls a recession, but a deep depression,. A total financial collapse is almost inconceivable that that can happen.