London Daily

London Daily News
Friday, Dec 04, 2020

The pain of the coronavirus is about to get a lot worse

The pain of the coronavirus is about to get a lot worse

The relief policies and stopgap measures are starting to crumble.
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Oh ya 137 days ago
Well you can thank the world central banks for this. The virus sped up the collapse that was on its way. Months before the virus came the central banks were pumping billions a night into the REPO market to stop banks from imploding. Goverment, companies and the average person were living way beyond their means, and now the chickens are coming home to roost. From 1913 when the Fed was created (which is as Federal as Federer Express) it gave 6 banks the right to control the US money supply, then in 1971 when Nixon closed the gold window allowing the government to print as much un backed money as they what, and to top it off in 2000 the government let investment banks murge with saving banks. That was the final nail.
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