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

 

 

Winter Fundraising DriveFrom late November thru February, 21WIRE runs its annual WINTER FUNDRAISING DRIVE. This fund supports our ongoing journalism, investigative news coverage, on-the-ground research and reporting, studio time for the SUNDAY WIRE radio show, and the rest of our independent media operation. Now, our work continues into 2023…If you haven’t already, please consider supporting us as we continue knocking down fake corporate media narratives and corrupt government power grabs. We need your help!

 

Get Your Copy of New Dawn Magazine #197 - Mar-Apr Issue
New Dawn Magazine #197 - Mar-Apr Issue
Surfshark - Winter VPN Deal