Fed Admits Crony Truth About Pandemic QE: “it creates new bank deposits”
Fed Admits Crony Truth About Pandemic QE: “it creates new bank deposits” New video John Titus New video is up. I have made four BestEvidence videos that drive home the same essential point about the Fed’s asset purchase program (QE) under cover of “PANDEMIC!!!”—namely, that it radically departed from previous iterations of QE by creating new bank deposits. The core thesis of those videos, denied by media financial punditry, has now been validated by the Federal Reserve itself, in a research note dated June 3, 2022. Thanks for reading BestEvidence! Subscribe for free to receive new posts and support my work. ✓ What’s so interesting about this is WHERE those new bank deposits have appeared, because it tells you everything you need to know about the true remit of the Federal Reserve, which, to the surprise of no one paying attention, is to enrich its owners at the direct expense of the rest of us. Let’s take these two basic points in turn, as this video does. Pandemic QE ...