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Wall Street Apes
@WallStreetApes
This is The United States Monetary System Jerome Powell, Chair of the Federal Reserve, admitting to flooding our system with money they create out of thin air.
“Simply flooded the system with money?” “Yes, we did, that’s another way to think about it. We did.”
“Where does it come from? Do you just print it?”
“We print it digitally. So we, you know, we as a central bank we have the ability to create money digitally — We also print actual currency and we distribute that to the Federal Reserve Banks.
WATCH 60 MINUTES – JEROME POWELL INTERVIEW:
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