Breaking-down China’s energy crisis | Weekly Round Up
Inflection Point
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The Fed Is the Apex Creditor of the Banking System
The fed is the apex creditor of the banking system. It was created by j p. Morgan and johndy rockefellers dad, amory aldrich. The Fed allows banks to buy government bonds from them at a discount and then sell them in the market place at a profit. Its a riskless transaction. You're borrowing from the fed and selling to market. And you can lever that up, suppose only 11 or 12 times, but some of the banks do at 20. Now we don't have enough treasuries. And this will get solved as soon as this debt sealing is changed and the treasury can issue more treasuries,. because then this'll
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