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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
The Fed Bailout Is a Limited Measure for Emergency Situations
There's no money injected as a result of this bailout say that the fed through its maiden lane. Purchasing the non-vouring assets of the banks, okay that in itself doesn't inject a penny into the non-bank economy because it's cleaning up the banking sector is an intra-bank Transaction you see in the inside the banking system between the fed and the banks therefore that in itself does not create money. The proof is in the pudding, there was no inflation right off the bat the first year second year third That doesn't mean winter is coming all you did is you delayed winter for 10 to 15 years Okay, and then severe winter is coming then let me give you two more
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