A dramatic kind of experience that occurred with hank paulson former c. E. O. Of Goldman Sachs and treasury secretary at the time on his knees in front of nancy pelosi who was speaker of the house then and now in congress and he said you have to help the banks so fed wants to help the banks Treasury Department wants to help the banks because otherwise supposedly all mayhem is going to break loose no money will come out to people that said ok brought rates down to 0 and where the collusion comes in is it wasnt just the fed the problem that the Financial System cause from wall street throughout the rest of the world was so big that not just one central bank could make money cheap enough could create enough artificial money by itself and so the fed did collude did Work Together with the European Central bank with the bank of england with the peoples bank of china later that was kind of separate story with the bank of japan and so forth to create enough money to put into the Financial Syst
Got us to where we arent from 2016 to 21000 and then well talk about how to fix that ok well 1st of all everything you said is connected so so so let me go back in 2008 what happened was we had an acute financial crisis predicated on the fact that banks created all of these toxic securities and then lend lend money to other banks to buy them and lend money to small towns in norway and california and Pension Funds to effectively buy toxic assets created out of credit they had lent through the Mortgage Market that happened the fed came in and in an unprecedented manner the Federal Reserve decided that the way to fix this. Amidst a dramatic kind of experience that occurred with hank paulson former c. E. O. Of Goldman Sachs and treasury secretary at the time on his knees in front of nancy pelosi who was speaker of the house then and now in congress and he said you have to help the banks so fed wants to help the banks Treasury Department wants to help the banks because otherwise supposedly
Welcome to the cas report because or welcome to the summer solace. Series where we delve into solutions to all the problems we talk about all year long thats right and what better place to do that than in sunny malibu we want to discuss social banks the cantillon of such a money printing that has wrecked havoc social and political stability from the inevitable wells that are ropes from Central Bank Money printing and all the mayhem that result sold on that note i bring in Stacy Herbert yes and were with nomi prins the author of cool luzhin how central bankers rigged the world now you know me i think this is really important for the year 2019 because kulu sion has definitely been the word of the past 23 years in america collusion collusion collusion and the clues it was always with some foreign power that all our domestic issues are actually to do with some foreign power living thousands of miles away by what were seeing whether its here or in europe unrest political unrest political di
To effectively buy toxic assets created out of credit they had lent through the Mortgage Market that happened the fed came in and in an unprecedented manner the Federal Reserve decided that the way to fix this. Amidst a dramatic kind of experience that occurred with hank paulson former c. E. O. Of Goldman Sachs and treasury secretary at the time on his knees in front of nancy pelosi who was speaker of the house then and now in congress and he said you have to help the banks so fed wants to help the banks Treasury Department wants to help the banks because otherwise supposedly all mayhem is going to break loose no money will come out to people so its that ok brought rates down to 0 and where the collusion comes in is it wasnt just the fed the problem that the Financial System cause from wall street throughout the rest of the world was so big that not just one central bank could make money cheap enough could create enough artificial money by itself and so the fed did collude did Work Tog
A dramatic kind of experience that occurred with hank paulson former c. E. O. Of Goldman Sachs and treasury secretary at the time on his knees in front of nancy pelosi who was speaker of the house then and now in congress and he said you have to help the banks so fed wants to help the banks Treasury Department wants to help the banks because otherwise supposedly all mayhem is going to break loose no money will come out to people that said ok brought rates down to 0 and where the collusion comes in is it wasnt just the fed the problem that the Financial System cause from wall street throughout the rest of the world was so big that not just one central bank could make money cheap enough could create enough artificial money by itself and so the fed did kalu did Work Together with the European Central bank with the bank of england with the peoples bank of china later that was a kind of separate story with the bank of japan and so forth to create enough money to put into the Financial Syste