This 28 minute video is a must watch for those who have wondered how it could be that with millions of people out of work and hundreds of thousands of small businesses being destroyed due to pandemic lock downs that the U.S. stock market could be at all time highs. My friend John Titus offers an excellent description of how the Federal Reserve created $2.7 trillion in new quantitative easing (electronic money printing) to purchase federal government debt while at the same time directing private banks to increase money supply by $2.7 trillion, which in turn is used to purchase equities. It is all so reassuring to see the stock market flying high (with the primary beneficiaries being the most wealthy), but how long can it last…is this activity in any way sustainable?