Absolutely, the financial crisis was about to blow…and then “Covid happened. Then everyone accepted the “pandemic” as justification for flooding the system with new money. Ppp, “stimulus checks”, etc….all found its way into banks as new deposits. The people never would have tolerated another bailout, but that’s precisely what happened, a…
Absolutely, the financial crisis was about to blow…and then “Covid happened. Then everyone accepted the “pandemic” as justification for flooding the system with new money. Ppp, “stimulus checks”, etc….all found its way into banks as new deposits. The people never would have tolerated another bailout, but that’s precisely what happened, and the fools didn’t notice! That’s my perspective in summary. Covid saved banking temporarily. Browse headlines from late 2019.
Absolutely, the financial crisis was about to blow…and then “Covid happened. Then everyone accepted the “pandemic” as justification for flooding the system with new money. Ppp, “stimulus checks”, etc….all found its way into banks as new deposits. The people never would have tolerated another bailout, but that’s precisely what happened, and the fools didn’t notice! That’s my perspective in summary. Covid saved banking temporarily. Browse headlines from late 2019.
https://www.cnbc.com/2019/12/30/the-fed-seems-to-have-halted-a-potential-crisis-in-the-repo-market.html