The reverse repo market is exploding - reverse repos are used for short term borrowing and lending, often overnight. Central banks use reverse repos to add money to the money supply via open market operations. George Gammon, founder of the Rebel Capitalist explains to our Daniela Cambone that the Fed's reverse repo facility is exploding higher again, which is signaling a coming economic crash. Recently, the facility took in a record $992 billion in cash from money-market funds.
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and shifted his focus to real estate, where he has remodeled and flipped 40+ properties in and out of the United States. Recently focusing on Medellin, Colombia. He controls a multi million dollar real estate portfolio which focuses on buying distressed properties, remodeling, and selling or renting. Currently, in addition to running his real estate investments, George produces "George Gammon", a YouTube Channel that will help you build and protect wealth through investing, real estate and an extreme dose of the economic RED PILL.