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This will result in hyperinflation. Hence why Yellen did not commit to the vast majority of banks. Did you not see that?
by nemo44x 4y ago
This will result in hyperinflation. Hence why Yellen did not commit to the vast majority of banks. Did you not see that?
- HWR_14 4y agoI did not see that, but I've been busy and missed a lot this week. Do you have a link?
- nemo44x 4y agohttps://www.reuters.com/business/finance/yellen-tells-senators-us-banking-system-remains-sound-2023-03-16/ https://www.reuters.com/business/finance/yellen-tells-senato...
- HWR_14 4y agoThis seems to only talk about FDIC limits, not about the Fed loaning money to solvent banks.
- nemo44x 4y agoHere: https://finance.yahoo.com/news/study-finds-186-banks-vulnerable-011442518.html?ref=biztoc.com https://finance.yahoo.com/news/study-finds-186-banks-vulnera... This talks about the FDIC being insolvent as well. I don’t think you understand how much money would have to be loaned. They’d have to print many trillions overnight. This is a hyperinflation event.