The Fed Warns of Silent Bank Run ft. Peter St Onge

1 year ago
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In this video, Peter St Onge discusses the recent actions of the FED, which have implications for the US economy. Peter argues that trillions of dollars could soon drain out of the economy, endangering the banks and potentially leading to a Bank Run. Furthermore, he explains that money market funds cannot be fractionally reserved, meaning that a dollar in a money market fund is just a dollar and does not spawn more dollars like in the bank system. He also examines two previous rate hike cycles and the big jumps in trillions going from banks into money market funds during those cycles.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20

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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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