Banks are now gaming the Federal Reserve's bank term funding program. This borrowing in turn increases the new fiat currency creation.

This is yet another example of how the #Fed throws a lifeline to Wall Street banks at the expense of Main Street paying for higher inflation.

Link to WSJ article: https://www.wsj.com/finance/banking/the-fed-launched-a-bank-rescue-program-last-year-now-banks-are-gaming-it-43e9cee3

#Banks / #Insolvent / #BankingCrisis / #BankRuns / #Bitcoin / #BTC