How Central Banks Print Money Out of Thin Air - Bad News for 11/21/19
The Bad Crypto Podcast
Joel Comm and Travis Wright
4.5 • 1.2K Ratings
🗓️ 22 November 2019
⏱️ 48 minutes
🧾️ Download transcript
Summary
Tom Lee says Bitcoin must hit $150,000 before ETFs can work. And if that happens, Millennials may be set to be the wealthiest generation yet. That is, if massive debt doesn’t get them first.
Today we’ll take a look at the percent of world debt by country, and we’ll examine how the Federal Reserve or any central bank “prints money” by adding credit to banks’ deposits, lowering the Fed funds rate target, and using large-scale open market operations.
Toss in a few of this week’s big stories and you’ve got the next 45 minutes of your life all deliciously planned out. All you need now is a beverage to pair with this episode. May we suggest a jug of moonshine or a case of Mountain Dew? Perhaps both.
It’s our Bad News episode #337 of The Bad Crypto Podcast
Full Show Notes at: http://badco.in/337
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DISCLAIMER:
Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.
We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.
Show Edited By: Aaron The Tech (http://aaronthe.tech)
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Tom Lee of Fundstrat says Bitcoin must hit $150,000 before ETFs can work. |
| 0:08.0 | And if that happens, millennials may be set to be the wealthiest generation yet. |
| 0:13.0 | That is, if massive debt doesn't get them first. |
| 0:17.0 | Today we'll take a look at the percent of world debt by country |
| 0:20.0 | and we'll examine how the Federal Reserve, or any Central Bank for that matter |
| 0:24.4 | prints money by adding credit to banks deposits, lowering the Fed Funds |
| 0:29.6 | rate target in using large- scale open market operations. |
| 0:33.3 | Toss in a few of this week's big stories and you've got the next 45 minutes of your life |
| 0:37.8 | all deliciously planned out. |
| 0:40.2 | All you need now is a beverage to pair with this episode. |
| 0:43.0 | May we suggest a jug of moonshine or perhaps a case of Mountain Dew, perhaps both. |
| 0:49.5 | It's our bad news, episode number 337 of the Bad Cryptopodcast. bad And from remote regions on the other side of the big pond known as the Atlantic Ocean. |
| 1:17.6 | This is Joel Com. |
| 1:18.8 | And this is Travis Wright. |
| 1:19.8 | What is up? |
| 1:20.8 | This is the Bad Crippo Podcast. |
| 1:21.8 | That's true. Let's not do this Mountain Dew thing. |
| 1:24.0 | Let's stay away from those sugar you drinks, Mr. Joccole. |
| 1:26.0 | But the moonshines, okay? |
| 1:28.0 | That's like totally ketogenic. |
| 1:30.0 | You can drink as much moonshine as you like. |
| 1:32.0 | Well, I think the more of that they have to listen to the show, |
... |
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