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The Dan Bongino Show

The Bongino Brief - October 1, 2022

The Dan Bongino Show

VINCE | Cumulus Podcast Network

News, Daily News, News Commentary

4.660.8K Ratings

🗓️ 1 October 2022

⏱️ 14 minutes

🧾️ Download transcript

Summary

England's buying back of bonds is a move to save the stock market and flush more money into the system. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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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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