The US Federal Reserve’s steadiness sheet might skyrocket to greater than $ 9 trillion by the tip of this 12 months, amid huge interventions to defend the financial system from the coronavirus pandemic, in keeping with the Monetary Occasions.
RT’s Keiser Report seems to be on the chart, displaying that in 2007 there was “barely something” on the Fed’s steadiness sheet. “The disaster hit in 2008 and also you see the injustice of bankers getting bailed out when the remainder of the financial system was getting nothing,” says Stacy Herbert.
Max Keiser says: “We all know virtually doubtless that it’ll over $ 20 trillion, it’ll go to $ 23-25 trillion and better. We all know that proper now, that’s not even up for debate.”
He explains that “in 2008 the financial system died and the one factor left was to print cash to help the centillionaire class, and the one play left is to purchase their shares for them. That’s it, that’s all we bought left.”
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