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Episode 712 - The Real Dirt on Banks with John Pugliano and John Willis

Living Free in Tennessee - Nicole Sauce

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Why the Federal Reserve Is Underwriting Uninsured FDIC Accounts

The Federal Reserve has just stopped quantitative easing. They were buying 120 billion a month of government debt every month, every 30 days in and out. So they call it tightening their balance sheet, reducing it. Well half of that money that they've saved in the last few months just went into bailing out one bank. Long term, those good investments are not going to be anywhere because inflation is only 6%. And we know if they say it's 6%, it's probably 6%. It's only 6%. Markets up almost 2%, because I'm still losing 4%.

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