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Are We Headed Towards a Monetary Breakdown? | Jeff Snider

Hidden Forces

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What Is Money Printing?

The lines between money and credit have blurred as part of this euro dollar expansion. Quantitative easing is nothing more than an asset swap, where the Fed is buying an asset that already exists on a commercial banking balance sheet. The CARES Act and the expansion of the federal government's deficit in 2020, what happened? Banks created checkable deposits. So they created money, but it was only a one time thing.

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