The Fed is pumping $160 billion PER DAY into US banks — this hasn't happened since 2008

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.

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