Andrew Gause fields loads of questions on all things money on this edition of “The Real World of Money.” How is possible that Citi Group, one of the biggest banks in the world and one of the primary owners of The Federal Reserve is about to go belly up? Understanding this is the key to the whole deal we are experiencing.
People have been withdrawing money from the banks in mass the past couple of years and that, says Mr. Gause is a cornerstone in this financial chaos afoot.
Hear now his thoughts on how the USG is planning on using Fannie Mae and Freddie Mac to buy your mortgage with long payouts, 40 years, at 4%. And, the reasoning behind this is stunning. Also, Mr. Gause tells how President Obama may be able to cut the “Budget” by 50% in four years and also borrow 5 Trillion Dollars along the way. These guys are good!
Check out for fun The Bank of North Dakota talked about on this show.
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