#427: Killer Whale Liquidity Crisis with John Titus
TFTC: A Bitcoin Podcast
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The Fed's Role in the Global Financial Crisis
The Federal Reserve printed up $4.5 trillion of reserves and bought assets during the global financial crisis. But when it buys from non-banks, there's also a new $1 trillion of bank deposits. And that's why those checkable deposit graphs look like they do. They all look like this, they're kind of jumping wrong,. Then the pandemic hits and the thing that the graphs basically go vertical.
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