Imagine doing the same thing over and over again, with little progress and no relief. Sounds like most people’s vision of hell — or the Federal Reserve’s current predicament.
Since September, the central bank, through the Federal Reserve Bank of New York, has been purchasing securities hand over fist to alleviate short-term pressures in the overnight money markets. It has used repurchase (“repo”) and reverse repurchase (“reverse repo”) agreements to provide liquidity and keep overnight borrowing rates from spiking.
Lawrence Lepard joins us on RTD Live Talk to share his thoughts on this new norm of easy credit and more debt. During the discussion Lawrence shared with the viewers as to why QE will destroy the Federal Reserve Note through HYPERINFLATION.
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