The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History

The Fed's Money Creation System Fuels One of the Biggest Heists in History

Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame the turbulent economy. Nearly every day the Federal Reserve Bank of New York gives primary lenders billions of dollars. Like clockwork on Tuesday,…

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