4.6 • 60.8K Ratings
🗓️ 1 October 2022
⏱️ 14 minutes
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0:00.0 | Dan Bangeino. |
0:02.0 | Welcome to the Bangeino Brief. |
0:03.8 | I'm Dan Bangeino, folks. |
0:05.8 | Two massive international stories involving both war and the global economy. |
0:11.7 | Now, the story's about who hit the Nord Stream pipeline. |
0:15.1 | I'm going to get to that in a second. |
0:16.5 | That's the important one. |
0:18.0 | But this story is huge for the global economy. |
0:22.8 | It may not seem so. |
0:24.4 | You may not hear about this on other shows. |
0:28.1 | Wall Street Journal. |
0:29.1 | Don't be deceived by the rather anodyne headline, by the way. |
0:33.3 | Bank of England to buy bonds and a bid to stop spread of crisis. |
0:37.2 | UK Central Bank is launching an effort to restore order to the market for guilt. |
0:41.3 | They're like, what the hell cares? |
0:42.9 | What is that? |
0:44.0 | This is a cataclysmic level story. |
0:49.6 | Let me explain it very simply. |
0:52.4 | If you want to flush an economy with money and you're the Bank of England or the |
0:57.9 | the Central Bank here, the Federal Reserve in the United States, one of the ways to do it is |
1:03.0 | to go and buy bonds, which injects money into the economy. |
1:07.3 | It's really no more complicated than that. |
... |
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