In an attempt to calm roiling money markets, the Federal Reserve has announced plans to continue its series of daily multi-billion dollar repurchase agreements, or repos, until October 10, 2019.
The Fed began offering overnight and 14-day repurchase agreements last week, pumping at least $75 billion per business day into financial markets through government-backed investments. This is the first time the Federal Reserve has has taken such drastic measures since the financial crisis of 2008.
On Tuesday's TV show, Glenn Beck used his chalkboard to show the current state of today's economy and how the Federal Reserve's recent ongoing funding of major banks signals that another crisis may be on the horizon.
Watch the video below to get the details:
Watch the full episode here.
Use code GLENN to save $10 on one year of BlazeTV.
Want more from Glenn Beck?
To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.