RealEconTV

Business news without the bullshit

"It's a mathematical certainty"

We're going to have a huge collapse

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"Exponentially larger than any panic in the past"

A history of exponentially bigger bailouts

1998: Wall Street bails out the hedge fund Long Term Capital...to prevent a total meltdown of the world financial system.

2008: The Federal Reserve bails out Wall Street...to prevent a total meltdown of the world financial system.

Who is going to bail out the Federal Reserve to prevent a total meltdown of the world financial system?

The IMF...The last backstop for the world financial system.

What are they going to print?

SDRs.

What are SDRs? That's your homework.