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Gary North On The Coming Inflation
The Federal Reserve System faces a dilemma of its own creation: the doubling of the monetary base. You can see it here.
The only thing that is keeping this from creating mass inflation is the decision of commercial bankers to deposit the bulk of this increase with the Federal Reserve. The banks are not lending out this money. Neither is the FED. This money does not legally belong to the FED.
There is a reason why the banks are not lending money to the public. Instead of taking the risk of lending, the banks are depositing hundreds of billions of…
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