John Steiner: Banks Not Lending–Blame the Fed!
Thanks to: Jack Kaplan. Why Banks Aren’t Lending: The Silent Liquidity Squeeze by Ellen Brown Global Research, July 15, 2011 EXTRACT Paying interest on reserves was intended to prevent “inflation,” but it is having the opposite effect, contracting the money and credit that are the lifeblood of a functioning economy. The whole economic model is …
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