HARRY 3 on Nostr: Truthful Financial Reporters have been shouting this for years. Tyler Jenks (RIP) - ...
Truthful Financial Reporters have been shouting this for years.
Tyler Jenks (RIP) - Keiser report 24/11/18.
The real problem started in 2000 with Greenspan.
He responded in a way the Fed. Had never responded before, and then passed it off to Bernanke, Yellen and Powell. ie the Greenspan put.
2003 to 2006 kept rates so low he created a bubble in the housing market.
Asset bubbles everywhere
Crucial point - if banks can borrow at zero from the fed, and loan that money out at .25% they can make money.
This led to artificial growth and mal investment
The end point to this is mathematical
It gets to a point where the interest on the debt gets to the point that growth can no longer pay it off.
Tyler Jenks (RIP) - Keiser report 24/11/18.
The real problem started in 2000 with Greenspan.
He responded in a way the Fed. Had never responded before, and then passed it off to Bernanke, Yellen and Powell. ie the Greenspan put.
2003 to 2006 kept rates so low he created a bubble in the housing market.
Asset bubbles everywhere
Crucial point - if banks can borrow at zero from the fed, and loan that money out at .25% they can make money.
This led to artificial growth and mal investment
The end point to this is mathematical
It gets to a point where the interest on the debt gets to the point that growth can no longer pay it off.