In this training video, Dr. Nitin Chhoda discusses the growing US federal debt, how money is ‘being printed digitally’ (another way of saying it’s being generated ‘at will’ by the Federal reserve), and why the Federal Reserve Chairman is likely to go down in the history books as the greatest financial wizard the world has ever seen. This video isn’t about red versus blue, it’s about what’s needed to restore the greatness of the red, white and blue, and by extension, the rest of the world.
You’ll also learn some ‘fun fact’s in this video. For example:
You will also learn that a trillion dollars is the number ‘1’ followed by 12 zeroes!
That’s…
1,000,000,000,000
dollars
Meet the $30 Trillion Man | Why Federal Reserve Chairman Jerome Powell Will Save America & the World
Dr. Chhoda analyzes THREE key comments from the Federal Reserve’s interview on CBS 60-minutes:
https://www.cbsnews.com/news/full-transcript-fed-chair-jerome-powell-60-minutes-interview-economic-recovery-from-coronavirus-pandemic/
1 – We have the ability to create money digitally and we do that by buying Treasury Bills or bonds or other government guaranteed securities
2 – We have the ability to borrow at low rates
3 – We have the ability to service that debt. And I would say this is the time when we can use that strength to our longer run benefit.
I believe we are seeing history in the making. We are witnessing the actions of the man that will save America.. and by extension, the rest of the world. Although it doesn’t seem like it now, and the US monetary policies have their fair share of naysayers and detractors, I believe chairman Powell will be the man that saves America, and by extension, the rest of the world.
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References:
https://www.washingtonpost.com/business/2020/04/29/gdp-coronavirus/
https://www.washingtonpost.com/business/2020/05/13/fed-powell-coronavirus-recession/
https://thehill.com/policy/finance/498091-fed-chair-issues-dire-warnings-on-economy
https://www.nytimes.com/2020/05/13/business/economy/fed-chair-powell-economy-virus-support.html
https://www.federalreserve.gov/newsevents/speech/powell20200513a.htm
https://www.piie.com/events/economic-update-fed-chair-jerome-h-powell
https://www.cbsnews.com/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/
https://www.nytimes.com/2020/05/19/business/coronavirus-stocks-economy.html