Nomi Prins has delivered keynote speeches to the Federal Reserve, IMF, World Bank, UK Parliament, US Senate, etc, and this is one of the most important interviews of 2022 discussing a world sleepwalking into the next global crisis.
August 20 (King World News) – Nomi Prins: What happened in the wake of the financial crisis of 2008 and a knock-on effect of the pandemic is that the Federal Reserve went from creating this mini-QE1 back in 2009 after the implosion of Lehman Brothers, and then sort of got to the point before the pandemic where its book was sitting on $4.1 trillion of fabricated money that was debt on their book. So they created money, bought in the debt, it’s hanging out on their books, pandemic happens, there is no limitation on how much money they can additionally fabricate, and now their book balloons to nearly $9 trillion. And to put that into perspective, that is like creating cash electronically out of nowhere in order to inject it into the banking system. Now we are 2 1/2 years from that point, the Fed’s still sitting on a book of close to $9 trillion of assets that they fabricated money to buy and the economy is…to continue listening to one of the most important interviews of 2022 CLICK HERE OR ON THE IMAGE BELOW.
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