#410: The Fed Is Trying To Bring Down The European Banks with Tom Luongo
TFTC: A Bitcoin Podcast
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The Shadow Banking System Is Where Davos's Power Is
I never thought he was going to be able to get 5% because I thought things were going to break before that. But there's a lot of vested interest in from a lot of people who are out there trying to keep the system as it is currently constituted alive, hoping that they can get Powell to change his mind and go back down. This is all just downstream of cheap money. It's why Bitcoin exists. Because it was created in the aftermath of the global financial crisis to QE and ZERP and everything else. So, yeah, we're at 5%. Yeah. And I think... I don't know. I'm enjoying what he's doing.
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