The Most Obvious Crisis Almost No One Saw Coming – Ep 769
The Peter Schiff Show Podcast
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The Fed Is Not Going to Monetize Our Debt, but It's Temporarily.
The Fed tried to shrink its balance sheet, and in two thousand and 18 everything collapsed. Ben bernacke said, no, we're not monetizing our debt because only doing this temporarily. And as soon as we got covid they blew it up to a level that was far higher than anything prior to the first attempt to shrink it. That alone should have proved to the market that what the fed pretended it was going to do under bernake was completely impossible to do under any of his successors. Once they have to come clean about what's happening then it doesn't work. Cue doesn't work if people know it's permanent,. No one's going to want to hold on
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