Steven Van Metre, president of Steven van Metre Financial, explains the nuances of the U.S. banking system and its relationship with FED monetary policy decisions. Countering the belief that the FED’s quantitative easing policy is a form of money printing, Van Metre dives into the mechanics of money creation in the banking system. He and Real Vision president Travis Kimmel look at the price action of commodities and compare the fluctuations to the Great Financial Crisis (GFC) values. With the drawdowns in commodities and a rising dollar, Van Metre argues that this is signaling tightening financial conditions. Interviewed by Travis Kimmel on July 7, 2021.