Comments by "k98killer" (@k98killer) on "Huge Bank Bail Outs Happening Right Now (u0026 How To Prepare Your Finances)" video.

  1. In the first half of this week, the Fed issued a $300B bailout via primary credit facility ($148B), other credit extensions ($143B), and the new bank term funding program ($12B). Source: FRED. These three figures are updated every Wednesday.
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  2. "This medium of exchange isn't real money" is the No True Scotsman fallacy. Anyone stuck in this frame of mind ought to read Money and Credit by Ludwig von Mises. Medium of exchange and store of value do not have to be linked -- it is just arguably somewhat better if they are (though tying it directly to a commodity tends to have problems on top of the problems from credit, which has existed for thousands of years).
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