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The Collapse Of First Republic Bank, What Happens Next? | Weekly Round Up

Inflection Point

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Government Finance Isn't Like a Household Finance

"Government finance is not like household. We don't need to balance our armpit," he says. "We can just by fiat, by declaration, create more ones and zeros and a computer." The Fed doesn't make policy decisions on recommended rates of interest; it makes them based on market prices rather than human being's corruptible power over ledgers. 'I have no trust with these big banksters None I'm with you,' the former Wall Street trader adds.

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