Breaking Points Nails It: “The Fed bought trillions of dollars of assets to backstop both the stock and the bond markets… it created vast amounts of inequality, funneling wealth to the top while regular people got peanuts.”
We will start with this: In 2020, Deutsche Bank also settled with New York’s Department of Financial Services over the bank’s role as a correspondent bank in one of Europe’s largest money-laundering scandals and for failing to properly monitor its dealings with late financier and convicted sex offender Jeffrey Epstein.
It is very difficult to listen to a bank that is full of scandals. I wouldn’t be surprised if this is part of the banks doing their part to help with a soft default of US debts which is a devaluation of the dollar which enables the government to pay back its debts in full, albeit at a lower intrinsic value. We will see…we will see.
The one things for sure, the rich will not suffer like us normies. We are definitely not in the club. L
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