Krystal and Saagar discuss a massive bailout for the banking system in the wake of the collapse of Silicon Valley Bank and Signature Bank. To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: To listen to Breaking Points as a podcast, check them out on Apple and Spotify Apple: Spotify: Merch: #news #politics #youtube #svb #business...(read more)
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Recently, there has been a shocking revelation regarding the Federal Reserve's secret bailout pump that has pumped billions of dollars into banks. The news has come as a breaking point to many as it exposes the flawed structure of the banking system and the lack of transparency in the Federal Reserve. According to reports, the Federal Reserve Bank of New York has been injecting billions of dollars into the banking system for over a year. The money was used to buy bank-owned short-term debt, also known as reverse repurchase agreements, in exchange for cash. Although the details of the operation were kept highly confidential, it was revealed that the scheme was not reported on any balance sheets or disclosed to Congress. What's even more concerning is that the scheme was carried out during a time when the banks were already making profits and did not require any external assistance. This raises questions about the motives behind the scheme and the possible misuse of public funds. The secrecy of the operation is also troubling as it shows a lack of transparency and accountability in the Federal Reserve. It is unacceptable that the central bank can carry out such operations without reporting them to the public or Congress. The lack of transparency undermines public trust in the institution, and this must change. The revelation has sparked widespread criticism, with some claiming that the operation was a bailout disguised as a market operation. The fact that it was carried out in secrecy only fuels this suspicion. Moreover, the lack of reporting indicates a lack of oversight, which can lead to abuse and corruption. This is especially concerning given that the Federal Reserve plays a crucial role in the economy, and any misuse of its powers can have significant consequences. It is crucial that the Federal Reserve take steps to improve transparency and demonstrate accountability to the public. The central bank must report on its operations, including any pump-priming measures, and ensure that its actions align with its mandate. Additionally, Congress must step up scrutiny of the Federal Reserve to prevent any misuse of funds or abuse of power. In conclusion, the secret bailout pump carried out by the Federal Reserve is a breaking point that exposes the flaws in the banking system and the lack of transparency in the central bank. The scheme raises serious questions about the motives of the Federal Reserve and the misuse of public funds. It is crucial that steps are taken to improve transparency and oversight to ensure that the central bank fulfills its mandate and serves the public interest. https://inflationprotection.org/breaking-news-banks-receive-billions-in-covert-fed-bailout/?feed_id=91120&_unique_id=64471de7c8ce1 #Inflation #Retirement #GoldIRA #Wealth #Investing #bailout #bank #breakingpoints #crypto #fed #government #JoeBiden #krystalball #saagarenjeti #signaure #siliconvelly #stockmarkets #svb #Yellen #BankFailures #bailout #bank #breakingpoints #crypto #fed #government #JoeBiden #krystalball #saagarenjeti #signaure #siliconvelly #stockmarkets #svb #Yellen
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