… they are, why housing values, why the credit markets, why we are in the everything bubble. This is the Federal Reserve balance sheet. And up until the Great Financial Recession, The Fed's balance sheet was always consistent from its beginning until the Great Financial Recession. money flows in and out of the banking system for the economy. Because of the Great Financial Recession, they entered into something called quantitative easing. I'm going to give you a quick refresher course. (1:05:32–1:05:39)
CLAIM
Asserts that the Federal Reserve's balance sheet was stable until the Great Financial Recession.
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