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670 views • May 13, 2021

Influencer-Economist Sues the FED.; U.S. Economy is Addicted to the FED’s False Cash Injections

Wide Angle
Wide Angle
“Most people don't realize in the United States in the early 1920s, we had significant depression. The headline numbers were just as bad as [what] you saw in 1930. But the government did nothing…I think they even raised interest rates, and they slashed government spending, and you had a V-shaped, a real V-shaped recovery,” says macroeconomics expert, George Gammon. Yet in 2021, the U.S. government is seemingly doing the opposite of what was done in the 1920s. It’s all about ‘intervention:’ Amid the worst recession since the Great Depression, the government is dolling out cash like never before—But does it work? “You know, right now, the US economy is like a heroin addict. They're just addicted to monetary heroin,” says Gammon. “The Fed is buying $120 billion worth of assets every single month… if you take the asset prices away, the whole economy implodes!” Self-confessed, macro-economics addict, George Gammon gives us a layman’s lowdown on the U.S economy. “How do we solve the problem of the person being addicted to heroin,” or the economy addicted to ‘monetary heroin?’— Gammon’s solution is basic beyond belief!
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