Facebook Twitter YouTube SoundCloud RSS
 

COVID CRISIS: What Happens When U.S. Fed Creates $6 Trillion on Its Balance Sheet?

Few Americans realize that the US Federal Reserve Bank has just piled $6 trillion in assets on its ledger. What happens when those assets turn to losses? Remember 2008 subprime mortgage crash? In short: the banking profits are privatized, while their losses are socialized (the people will pay in the end).

“The Pan-depression continues apace, assisted by data-immune “doctors” and chatty central bankers who don’t have the decency to wear a bag over their heads–or even a mask–when they say we need to shovel trillions to “the wrong people.” Check six, folks, we’re just getting started and it’s ugly already.” All of this financial wizardry is explained by host John Titus of Mafiacracy Now. Watch:

.
READ MORE CORONAVIRUS NEWS AT: 21st Century Wire Coronavirus Files

SUPPORT OUR INDEPENDENT MEDIA PLATFORM – BECOME A MEMBER @21WIRE.TV