Podcasts about Federal Reserve Act

Founder of the Raising Capitalists Foundation and previous co-host of The Real Estate Guys Radio show, Russell Gray, joins Keith to discuss the historical and current devaluation of the U.S. dollar, its impact on investors, and the broader economic implications. Gray highlights how the significant increase in interest rates has trapped equity in properties and affected development. He explains the shift from gold-backed currency to paper money, the role of the Federal Reserve, and the impact of the Bretton Woods Agreement.  Gray emphasizes the importance of understanding macroeconomic trends and advocates for Main Street capitalism to decentralize power and promote productivity. He also criticizes the idea of housing as a human right, arguing it leads to inflation and shortages. Resources: Connect with Russell Gray to learn more about his "Raising Capitalists" project and his plans for a new show. Follow up with Russell Gray to get a copy of the Beardsley Rummel speech transcript from 1946. follow@russellgray.com Show Notes: GetRichEducation.com/558 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”.  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai  Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, what's the real backstory on why we have this thing called the dollar? Why it keeps getting debased? What you can do about it and when the dollar will die? It's a lesson in monetary history. And our distinguished guest is a familiar voice that you haven't heard in a while. Today on get rich education.   Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com   Russell Gray  1:54   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  2:10   Welcome to GRE from St John's Newfoundland to St Augustine, Florida and across 188 nations worldwide. I'm Keith weinholden. You are inside get rich education. It's 2025. The real estate market is changing. We'll get into that in future. Weeks today. Over the past 100 years plus, we've gone from sound money to Monopoly money, and we're talking about America's currency collapse. What comes next and how it affects you as both an investor and a citizen.   I'd like to welcome in longtime friend of the show and someone that I've personally learned from over the years, because he's a brilliant teacher, real estate investors probably haven't heard his voice as much lately, because until last year, he had been the co host of the terrific real estate guys radio show for nearly 20 years. Before we're done today, you'll learn more about what he's doing now, as he runs the Main Street capitalist platform and is also founder of the raising capitalists foundation. Hey, it's been a few years. Welcome back to GRE Russell Gray.   Russell Gray  3:19   yeah, it's fun. I actually think it's been maybe 10 years when I think about it, I remember I was at a little resort in Mexico recording with you, I think in the gym. It was just audio back then, no video.    Keith Weinhold  3:24   Yeah, I remember we're trying to get the audio right. Then I think you've been here more recently than 10 years ago. But yeah, now there's this video component. I actually have to sit up straight and comb my hair. It's ridiculous. Well, Russ, you're also a buff of monetary history. And before we discuss that, talk about the state of the real estate market today, just briefly, from your vantage point.   Russell Gray 1  3:55    I think the big story, and I'm probably not telling anybody anything they don't know, but the interest rate hike cycle that we went through this last round was quite a bit more substantial, I think, than a lot of people really appreciated, you know. And I started talking about that many years ago, because when you hit the zero bound and you have 6,7,8, years of interest rates below half a point, the change when they started that interest rate cycle from point two, 525 basis points all the way up to five and a quarter? That's a 20x move. And people might say, well, oh, you know, I go back to what Paul Volcker did way back in the day, when he took interest rates from eight or nine to 18. That was only a little bit more than double. Double is a far cry from 20x so we've never seen anything like that. Part of the fallout of that, as you know, is a lot of people wisely, and I was on the front end of cheerleading This is go get those loans refinanced and lock in that cheap money for as long as possible, because a loan will actually become an asset. The problem is, when you do that, you're kind of married to that property. Now it's not quite as bad. As being upside down in a property and you can't get out of it, but it's really hard to walk away from a two or 3% loan in a Six 7% market, because you really can't take your same payment and end up getting more house. And so that equity is kind of a little bit trapped, and that creates some opportunities, but I think that's been the big story, and then kind of the byproduct of the story. Second tier of the story was the impact it had on development, because it made it a lot harder for developers to develop, because their cost of funds and everything in that supply chain, food chain, you marry that to the 2020, COVID Supply Chain lockdown and that disruption, which, you know, you don't shut an economy down and just flick a switch and have it come back on. And so there's all of that. And then the third thing is just this tremendous uncertainty everybody has, because we just went from one extreme to another. And I think people, you know, they don't want to, like, rock the boat, they're going to kind of stay status quo for a little bit, whether they're businesses, whether they're homeowners, whether they're anybody out there that's thinking about moving them, unless life forces you to do it, you're going to try to stay status quo until things calm down. And I don't know how close we are to things calming down.   Keith Weinhold  6:13   One word I use is normalized. Both the 30 year fixed rate mortgage and the Fed funds rate are pretty close to their long term historic average. It just doesn't feel that way, because it was that rate of increase in 2022 that caught a lot of people off guard, like you touched on Well, Russ, now that we've talked about the present day, let's go back in time, and then we'll slowly bring things up to the present day. The dollar is troubled. It's worth perhaps 3% of what it was 100 years ago, but it's still around since it was established in the Coinage Act of 1792 and it's still the world reserve currency. In fact, only three currencies have survived longer than the dollar, the British pound, the Japanese yen and the Swiss franc. So talk to us about this really relentless debasement of the dollar over time, including the creation of the Fed and the Bretton Woods Agreement and all that.   Russell Gray 7:09   That's a big story, as you know, and I always like to try to break it down a little bit. One of my specialties I'd like to believe, is I speak macro and I speak Main Street. And so when I try to break macroeconomics down, I start out with, why do I even care? I mean, if I'm a main street investor, why do I even care? In 2008 as you know, is a wipeout for me. Why? Because I didn't think anything had happened in the macro I didn't think Wall Street bond market. I didn't think that affected me. One thing I really cared about was interest rates. And I had a cursory interest in the bond market. We just try to figure out where interest rates were going. But for the most part, I thought, as a main street real estate investor, I was 100% insulated. I couldn't have been more wrong, because it really does matter, because the value of the dollar, in other words, the purchasing power of the dollar, and usually you refer to that as inflation, right? If inflation is there, the dollar is losing its purchasing power, and so the higher the inflation rate, the faster you're losing that purchasing power. And you might say, well, maybe that matters to me. Maybe it does. But the people who make the money available to the mortgage community, right to the real estate community to borrow that comes out of the bond market. And so when people go to buy a bond, which is an IOU, they're going to get paid back in the currency that they lent in, in this case, dollars. And if they know, if they're making a long term investment in a long term bond, and they're going to get paid back in dollars, they're going to be worth a whole lot less when they get them back. One of the things they're going to want is compensation for that time risk, and that's called higher interest rates. Okay, so now, if you're a main street investor, and higher interest rates impact you, now you understand why you want to pay attention. Okay, so let's just start with that. And so once you understand that the currency is a derivative of money, and money used to be you mentioned the Coinage Act Keith money, which is gold, used to be synonymous with the dollar. The dollar was only a unit of measure of gold, 1/20 of an ounce. It was a unit of measure. So it's like, the way I teach people is, like, if you had a gallon of milk and you traded, I'm a farmer, and I had a lot of milk, and so everybody decided they were going to use gallons of milk as their currency. Hey, where there's a lot of gallons of milk. He's got a big refrigerator. We'll just trade gallons of milk. Hey, Keith, I really like your beef. I you know, will you sell me some, a side of beef, and I'll give you, you know, 100 gallons of milk, you know, like, Oh, that's great. Well, I can't drink all this milk, so I'm going to leave the milk on deposit at the dairy, and then later on, when I decide I want a suit of clothes, I'll say, well, that's 10 gallons of milk. So I'll give the guy 10 gallons of milk. So I just give him a coupon, a claim, a piece of paper for that gallon of milk, or 20 gallons of milk, and he can go to the dairy and pick it up, right? And so that's kind of the way the monetary system evolved, except it wasn't milk, it was gold. So now you got the dollar. Well, after a while, nobody's going to get the milk. They don't care about the milk. And so now. Now, instead of just saying, I'll give you a gallon of milk, you just say, well, I'll give you a gallon. And somebody says, Okay, that's great. I'll take a gallon. They never opened the jug up. They never realized the jug is empty. They're just trading these empty jugs that used to have milk in them. Well, that's what the paper dollar is today. It went from being a gold certificate payable to bearer on demand, a certain amount of gold, a $20 gold certificate, what looks exactly like a $20 FEDERAL RESERVE NOTE. Today they look exactly the same, except one says FEDERAL RESERVE NOTE, which is an IOU backed by nothing, and the other one said gold certificate, which was payable to bearer on demand, real money. So my point is, is he got money which is a derivative of the productivity, the beef, the soot, the milk, whatever, right? That's the real capital. The real capital is the goods and services we all want. Money is where we store the value of whatever it is we created until we want to trade it for something somebody else created later. And it used to be money and currency were one in the same, but now we've separated that. So now all we do is trade empty gallons, which are empty pieces of paper, and that's currency. So those are derivatives, and the last derivative of that chain is credit. And you had Richard Duncan on your show more than once, and he is famous for kind of having this term. We don't normally have capitalism. We have creditism, right? Everything is credit. Everything is claims on wealth, but it's not real wealth, and it's just when we look at what's going on with our current administration and the drive to become a productive rather than a financialized society, again, as part of this uncertainty that everybody has. Because this is not just a subtle little adjustment on the same course. This is like, No, we're we're going down a completely different path. But fundamentally, your system operates on this currency that is flowing through it, like the blood flowing through your body. And if the blood is bad, your body's sick. And right now, our currency is bad, and so it creates problems, not just for us, but all around the world. And now we're exacerbating that. And I'm not saying it's bad. In fact, I think it's actually it's actually good, but change is what it is, right? I mean, it can be really good to go to the gym and work out before we started recording, you talked about your commitment to fitness, and that if you stop working out, you get unfit, and it's hard to start up again. Well, we've allowed our economy to get very unfit. Now we're trying to get fit again, and it's going to be painful. We're going to be sore, but if we stick with it, I think we can actually kind of save this thing. So I don't know what that's going to mean for the dollar ultimately, or if we end up going to something else, but right now, to your point, the dollar is definitely the big dog still, but I think it's probably even more under attack today than it's ever been, and so it's just something I think every Main Street investor needs to pay attention to.    Keith Weinhold  12:46   And it was really that 1913 creation of the Fed, where the Fed's mandates really didn't begin to take effect until 1914 that accelerated this slide in the dollar. Prior to that, it was really just periods of war, like, for example, the Civil War, where we had inflation rise, but then after wars abated, the dollar's strength returned, but that ceased to happen last century.   Russell Gray  13:11   I think there's a much bigger story there. So when we founded the country, we established legal money in the Coinage Act of 1792 we got gold and silver and a specific unit of measure of gold, a specific unit, measure of silver was $1 and that's what money was constitutionally. Alexander Hamilton advocated for the first central bank and got it, but it was issued by Charter, which meant that it was operated by the permission of the Congress. It wasn't institutionalized. It wasn't embedded in the Constitution. It was just something that was granted, like a license. You have a charter to be able to run a bank. When that initial charter came up for renewal, Congress goes, now we're not going to renew it. Well, of course, that made the bankers really upset, because bankers have a pretty good gig, right? They get to just loan people money. They don't have to do any real work, and then they make money on just kind of arbitraging, you know, other people's money. Savers put their money in, and they borrowed the money out, and then they with fractional reserve, they're able to magnify that. So it's, it's kind of a cool gig. And so what happened? Then he had the first central bank, so then they got the second central bank, and the second central bank was also issued by charter this time when it came up for renewal, Congress goes, Yeah, let's renew it, right? Because the bankers knew we got to go buy a few congressmen if we want to keep this thing going. But President Andrew Jackson said, No, not going to happen. And it was a big battle. Is a famous quote of him just calling these bankers a brood of vipers. And I'm going to put you down. And God help me, I will, right? I mean, it was like intense fact, I do believe he got shot at one point. I think he died from lead poisoning, because he never got the bullet out. So, you know, when you go to up against the bankers, it's not pretty, but he succeeded. He was the last president that paid off all the debt, balanced budget, paid off all the debt, and we got kind of back on sound money. Well, then a little while later, said, Okay, we're going to need, like, something major, and this would. I should put on. I got my, this is my hat, right now, I'll kind of put it on. This is my, my tin foil hat. Okay? And so I put this on when I kind of go down the rabbit trail a little bit. No, I'm not saying this is what happened, but it wouldn't surprise me, right? Because I know that war is profitable, and so sometimes, you know, your comment was, hey, there's the bank, and then there was, you know, the war, or there's the war, then there's a bank, which comes first the chicken or the egg. I think there's an article where Henry Ford and Thomas Edison went to Congress. I think it was December. The article was published New York Tribune, December 4. I think 1921 you can look it up, New York Tribune, front page article   Keith Weinhold  15:38   fo those of you in the audio only. Russ started donning a tin foil looking hat here about one minute ago.    Russell Gray  15:45   I did, yeah, so I put it on. Just so fair warning. You know, I may go a little conspiratorial, but the reason I do that is I just, I think we've seen enough, just in current, modern history and politics, in the age of AI and software and freedom of speech and new media, there's a lot of weird stuff going on out there, but a lot of stuff that we thought was really weird a little while ago has turned out to be more true than we thought. When you look back in history, and you kind of read the official narrative and you wonder, you kind of read between the lines. You go, oh, maybe some stuff went on here. So anyway, the allegation that Ford made, smart guy, Thomas Edison, smart guy. And they go to Congress, and they go, Hey, we need to get the gold out of the banker's hands, because gold is money, and we need money not to revolve around gold, because the bankers control gold. They control the money, and they make profits, his words, not mine, by starting wars, because he was very upset about World War One, which happened. We got involved right after Fed gets formed in 1913 World War One starts in 1914 the United States sits off in the background and sells everybody, everything. It collects a bunch of gold, and then enters at the end and ends it all. And that big influx created the roaring 20s, as we all know, which ended big boom to big bust. And that cycle, which then a crisis that created, potentially a argument for why the government should have more control, right? So you kind of go down this path. So we ended up in 1865 with President Lincoln suppressing states rights and eventually creating an unconstitutional income tax and then creating an unconstitutional currency. That's what Abraham Lincoln did. And then on the back end of that, you know, it didn't end well for him, and I don't know why, but all I know is that we had a financial crisis in 1907 and the solution to that was the Aldrich plan, which was basically a monopoly on money. It's called a money trust. And Charles Lindbergh, SR was railing against it, as were many people at the time, going, No, this is terrible. So they renamed the Aldrich plan the Federal Reserve Act. And instead of going for a bank charter, they went for a constitutional amendment, and they got it in the 16th Amendment, and that's where we got the IRS. That's where we got the income tax, which was only supposed to be 7% only affect like the top one or 2% of earners, right? And that's where we got, you know, the Federal Reserve. That's where all that was born. Since that happened, to your point, the dollar has been on with a slight little rise up in the 20s, which, you know, there's a whole thing about whether that caused the crash or not. But at the end of the day, if you go look at St Louis Fed, which you go look at all the time, and you just look at the long term trend of the dollar, it's terrible. And the barometer, that's gold, right? $20 of gold in 1913 and 1933 and then 42 in 1971 or two, whatever it was, three, and then eventually as high as 850 but at the turn of the century, this century, it was $250 so at $2,500 it would have lost 90% in the 21st Century. The dollars lost 90% in the 21st Century, just to 2500 that's profound to go. That's right, it already lost more than 90% from $20 to 250 so it lost 90% and then 90% of the 10% that was left. And that's where we're at. We're worse than that. Today, no currency, as far as I understand, I've been told this. Haven't done the homework, but it's my understanding, no currency in the history of the world has ever survived that kind of debasement. So I think a lot of people who are watching are like, okay, it's not a matter of if, it's a matter of when. And then the big question is, is when that when comes? What does the transition look like? What rises in its place? And then you look at things like a central bank digital currency, which is not like Bitcoin, it's not a crypto, it's a centrally controlled currency run by the central bank. If we get that, I would argue that's not good for privacy and security. Could be Bitcoin would be better. I would argue, could go back to gold backing, which I would say is better than what we have, or we could get something nobody's even thought of. I don't know. We don't know, but I do think we're at the end of the life cycle. Historically, all things being equal. And I think all the indication with a big run up of gold, gold is screaming something's broken. It's just screaming it right now, not just because the price is up, but who's buying it. It's just central banks.   Keith Weinhold  20:12   Central banks are doing most of the buying, right? It's not individual investors going to a coin shop. So that's really screaming, telling you that people are concerned. People are losing their faith in giving loans to the United States for sure. And Russ, as we talk about gold, and it's important link to the dollar over time, you mentioned how they wanted it, to get it out of the bank's hands for a while. Of course, there was also a period of time where it was illegal for Americans to own gold. And then we had this Bretton Woods Agreement, which was really important as well, where we ended up violating promises that had to do with gold again. So can you speak to us some more about that? Because a lot of people just don't understand what happened at Bretton Woods.   Russell Gray  20:56   What happened is we had the big crash in 1929 and the net result of that was, in 1933 we got executive order 6102 In fact, I have a picture of it framed, and that was in the wake of that in 1933 and so what Franklin Delano Roosevelt did in signing that document, which was empowered by a previous act of Congress, basically let him confiscate all The money. It'd be like right now if, right now, you know, President Trump signed an executive order and said, You have to take all your cash, every all the cash that you have out of your wallet. You have to send it all, take it into the bank, and they're going to give you a Chuck E Cheese token, right? And if you don't do it, if you do it, it's a $500,000 fine in 10 years in prison. Right? Back then it was a $10,000 fine, which was twice the price of the average Home huge fine, plus jail time. That's how severe it was, okay? So they confiscated all the money. That happened in 33 okay? Now we go off to war, and we enter the war late again. And so we have the big manufacturing operation. We're selling munitions and all kinds of supplies to everybody, all over the world, right? And we're just raking the gold and 20,000 tons of gold. We got all the gold. We got the biggest army now, we got the biggest bomb, we got the biggest economy. We got the strongest balance sheet. Well, I mean, you know, we went into debt for the war, but, I mean, we had a lot of gold. So now everybody else is decimated. We're the big dog. Everybody knows we're the big dog. Nine states shows up in New Hampshire Bretton Woods, and they have this big meeting with the world, and they say, Hey guys, new sheriff in town. Britain used to be the world's reserve currency, but today we're going to be the world's reserve currency. And so this was the new setup. But it's okay. It's okay because our dollar is as good as gold. It's backed by gold, and so anytime you want foreign nations, you can just bring your dollars to us and we'll give you the gold, no problem. And everyone's like, okay, great. What are you going to say? Right? You got the big bomb, you got the big army. Everybody needs you for everything to live like you're not going to say no. So they said, Yes, of course, the United States immediately. I've got a speech that a guy named Beardsley Rummel did. Have you ever heard me talk about this before? Keith, No, I've never heard about this. So Beardsley Rummel was the New York Fed chair when all this was happening. And so he gave a speech to the American Bar Association in 1945 and I got a transcript of it, a PDF transcript of it from 1946 and basically he goes, Look, income taxes are obsolete. We don't need income tax anymore because we can print money, because we're off the gold standard and we have no accountability. We just admitted it, just totally admitted it, and said the only reason we have income tax is to manipulate behavior, is to redistribute wealth, is to force people to do what we want them to do, punish things and reward others, right? Just set it plain language. I have a transcript of the speech. You can get a copy of you send an email to Rummel R U, M, L@mainstreetcapitalist.com I'll get it to you. So it's really, really interesting. So he admitted it. So we went along in the 40s and the 50s, and, you know, we had the only big manufacturing you know, because everybody else is still recovering from the war. Everything been bombed to smithereens, and we're spending money and doing all kinds of stuff. And having the 50s, it was great, right, right up until the mid 60s. So the mid 60s, it's like, Okay, we got a problem. And Charles de Gaulle, who was the president of France at the time, went to a meeting. And there's a YouTube video, but you can see it, he basically told the world, hey, I don't think the United States is doing a good job managing this world's reserve currency. I don't think they've got the gold. I think they printed too much money. I think that we should start to go redeem our dollars and get the gold. That was pretty forward thinking. And he created a run on the bank. And at the same time, we passed the Coinage Act in 1965 and took all the silver out of the people's money. So we took the gold in 33 and then we took the silver in 65 right? Because we got Vietnam and the Great Society, welfare, all these things were going on in the 60s. We're just going broke. Meanwhile, our gold supply went from 20,000 tons down to eight and Richard. Nixon is like, whoa, time out. Like, this is bad. And so we had inflation in 1970 August 15, 1971 year before August 15, 1971 1970 Nixon writes an executive order and freezes all prices and all wages. It became illegal by presidential edict for a private business to give their employee a raise or to raise their prices to the customers.    Keith Weinhold  25:30   It's almost if that could happen price in theUnited States of America, right?    Russell Gray  25:36   And inflation was 4.4% and it was a national emergency like today. I mean, you know, a few years ago, like three or four years ago, we if we could get it down 4.4% it'd be Holly. I'd be like a celebration. That was bad. And so that's what happened. So a year later, that didn't work. It was a 90 day thing. It was a disaster. And so in a year later, August 15, 1971 Nixon came on live TV after Gunsmoke. I think it was, and I was old enough I'm watching TV on a Sunday night I watched it. Wow. So I live, that's how old I am. So it's a lot of this history, not the Bretton Woods stuff, but from like 1960 2,3,4, forward. I remember I was there.    Keith Weinhold  26:13   Yeah, that you remember the whole Nixon address on television. We should say it for the listener that doesn't know. Basically the announcement Nixon made, he said, was a temporary measure, is that foreign nations can no longer redeem their dollars for gold. He broke the promise that was made at Bretton Woods in about 1945   Russell Gray  26:32   Yeah. And then gold went from $42 up to 850 and a whole series of events that have led to where we're at today were put in place to cover up the fact that the dollar was failing. We had climate emergency. We were headed towards the next global Ice Age. We had an existential threat in two different diseases that hit one right after the other. First one was the h1 n1 flu, swine flu, and then the next thing was AIDS. And so we had existential pandemic, two of them. We also had a oil shortage crisis. We were going to run out of fossil fuel by the year 2000 we had to do all kinds of very public, visible, visceral things that we would all see. You could only buy gas odd even days, like, if your license plate ended in an odd number, you could go on these days, and if it ended on an even number, you could go on the other days. And so we had that. We lowered our national speed limit down to 55 miles an hour. We created the EPA and all these different agencies under Jimmy Carter to try to regulate and manage all of this crisis. Prior to that, Nixon sent Kissinger over to China, and we opened up trade relations. And we'd been in Vietnam to protect the world from communism because it was so horrible. And then in the wake of that, we go over to Communist China, Chairman Mao and open up trade relations. Why we needed access to their cheap labor to suck up all the inflation. And we went over to the Saudis, and we cut the petro dollar deal. Why? Because we needed the float. We needed some place for all these excess dollars that we had created to get sucked up. And so they got sucked up in trading the largest commodity in the world, energy. And the deal was, hey, Saudis, here's the deal. You like your kingdom? Well, we got the big bomb. We got the big army. You're going to rule the roost in the in the Middle East, and we'll protect you. All you got to do is make sure you sell all your oil in dollars and dollars only. And they're like, Well, what if we're selling oil to China, or what if we're selling oil to Japan? Can they pay in yen? Nope, they got to sell yen. Buy dollars. Well, what do we do with all these dollars? Buy our treasuries. Okay, so what if I got this? Yeah, and so that was the petrodollar system. And the world looked at everything went on, and the world is like, Hmm, the United States coming back to Europe, and Charles de Gaulle, they're like, the United States is not handling this whole dollar thing real well. We need an alternative. What if all of us independent nations in Europe got together and created a common currency? We don't want to be like one country, like the United States, but we want to be like an economic union. So let's create a current let's call it the euro. And they started that process in the 70s, but they didn't get it done till 99 and so they get it done in 99 as soon as they get it done, this guy named Saddam Hussein goes, Hey, I'm now the big dog here. I got the fourth largest army in the world. I'm here in, you know, big oil producing nation. Let's trade in the euro. Let's get off the dollar. Let's do oil in the euro. And he's gone. I'm not sure I should put my hat back on. I'm not sure, but somehow we went into Afghanistan and took a hard left and took this guy out.   Keith Weinhold  29:44   Some credence to this. Yes, yeah, so. But with that said,   Russell Gray  29:47   you know, we ended up with the Euro taking about 20% of the global trade market from the United States, which is about where it sits today. And the United States used to be up over 80% and now we're down below 60% still. The Big Dog by triple and the euro is not in a position to supplant the US, but I think China, whose claim to fame is looking at other people's technology and models and copying it, looked at what the United States did to become the dominant economic force, and I think they've systematically been copying it. I wrote a report on this way back in 2013 when I started really paying attention to it and began to chronicle all the things that they were doing, this big D dollarization movement that I think still has legs. It's the BRICS movement. It's all the central banks buying gold. It's the bilateral trade agreements where people are doing business outside the dollar. There's been not just that, but also putting together the infrastructure, right? The Asian Infrastructure Bank is an alternative to the IMF looking, if you have you read Confessions of an economic hitman. No. Okay, so this is a guy that used to work in the government, I think, CIA or something, and he would go down and he'd cut deals with leaders of countries to get them to borrow from the United States to put in key infrastructure so they could trade with the US. And then, of course, if they defaulted, then the US owned that in the infrastructure. You can look it up. His name is Perkins, right. Look it up confessions of economic hit now, but you see China doing the same thing. China's got their Belt and Road Initiative. And you go through, and if you want to trade with China on that route, you have traded, you're gonna have to have infrastructure. You can eat ports. You're gonna need terminals for distribution. But you, Oh, you don't have the money. We'll loan it to you, and we'll loan it to you and you want. Now we're creating demand for you want, and we also are enslaving borrower servant to the lender. We're beginning to enslave these other nations under the guise of helping them by financing their growth so they can do business with us. It's the same thing the United States did and Shanghai Gold Exchange, as opposed to the London Bullion exchange. So all of the key pieces of infrastructure that were put in place to facilitate Western hegemony in the financial markets the Chinese have been systematically putting in place with bricks, and so there's a reason we're in this big trade war right now. We recognize that they had started to get in a position where they were actually a real threat, and we got to cut their legs out from underneath them before they get any stronger. Again, I should put my hat back on. Nobody's calling me up and telling me, I'm just reading between the lines. Sure,   Keith Weinhold  32:23   there certainly are more competitors to the dollar now. And can you imagine what rate of inflation that we would have had if we had not outsourced our labor and productivity over to a low wage place like China in the east? Russ and I have been talking about the long term debasement of the dollar and why. More on that when we come back, including what Russ is up to today. You're listening to get rich education. Our guest is Russell Gray. I'm your host, Keith Weinhold, the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time, in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing. Check it out. Text family, 266, 866, to learn about freedom family investments, liquidity fund again. Text family, 266, 866,   Garrett Sutton  34:36   hi. This is Rich Dad advisor, Garrett Sutton. You're listening to the always valuable. Get rich education with Keith Weinhold, don't quit your Daydream.    Keith Weinhold  34:52   Welcome back to get rich education. We're talking with the main street capitalists Russell gray about this long term debasement of the dollar. It's an. Inevitable. It's one of the things we actually can forecast with pretty good predictability that the dollar will continue to debase. It's one of the few almost guarantees that we have in investing. So we can think about how we want to play that Russ one thing I wonder about is, did we have to completely de peg the dollar from gold? Couldn't we have just diluted it where we could instead say, Well, hey, now, instead of just completely depegging the dollar from gold, we could say, well, now it takes 10 times as many dollars as it used to to redeem it for an ounce of gold. Did it make it more powerful that we just completely de pegged it 100%   Russell Gray  35:36   it would disempower the monopoly. Right? In other words, I think that the thing from the very beginning, was scripted to disconnect from the accountability of gold, which is what sound money advocates want. They want some form of independent Accountability. Gold is like an audit to a financial system. If you're the bankers and you're running the program, the last thing in the world you want is a gold standard, because it limits your ability to print money out of thin air and profit from that. So I don't think the people who are behind all of this are, in no way, shape or form, interested in doing anything that's going to limit their power or hold them accountable. They want just the opposite. I think if they could wave a magic wand and pick their solution to the problem, it would be central bank digital currency, which would give them ultimate control. Yeah. And it wouldn't surprise me if we maybe, perhaps, were on a path where some crises were going to converge, whether it's opportunistic, meaning that the crisis happened on its own, and quote Rahm Emanuel and whoever he was quoting, you know, never let a good crisis go to waste, and you're just opportunistic, or, you know, put the conspiracy theory hat on, and maybe these crises get created in order to facilitate the power grab. I don't know. It really doesn't matter what the motives are or how it happens at the end of the day, it's what happens. It happened in 33 it happened in 60. In 71 it's what happens. And so it's been a systematic de pegging of any form of accountability. I mean, we used to have a budget ceiling. We used to talk about now it's just like, it's routine. You blow right through it, right, right. There's you balance. I mean, when's the last time you even had a budget? Less, less, you know, much less anything that looked like a valid balanced budget amendment. So I think there's just no accountability other than the voting booth. And, you know, I think maybe you could make the argument that whether you like Trump or not, the public's apparent embrace of him, show you that the main street and have a lot of faith in Main Street. I think Main Street is like, you know what? This is broken. I don't know what's how to fix it, but somebody just needs to go in and just tear this thing down and figure out a new plant. Because I think if you anybody paying attention, knows that this perpetual debasement, which is kind of the theme of the show is it creates haves and have nots. Guys like you who understand how to use real estate to short the dollar, especially when you marry it to gold, which is one of my favorite strategies to double short the dollar, can really magnify the power of inflation to pull more wealth onto your balance sheet. Problem is the people who aren't on that side of the coin are on the other side of the coin, and so the poor get poorer and the rich get richer. Well, the first order of business in a system we can't control is help as many people be on the rich get richer. That's why we had the get rich show, right? Let's help other people get rich. Because if I'm the only rich guy in the room, all the guns are pointed at me, right? I wanted everybody as rich as possible. I think Trump and Kiyosaki wrote about that in their book. Why we want you to be rich, right? When everybody's prospering, it's it's better, it's safer, you have people to trade with and whatnot, but we have eviscerated the middle class because industry has had to go access cheap labor markets in order to compensate for this inflation. And you know, you talk about the Fed mandate, which is 2% inflation, price inflation, 2% so if you say something that costs $1 today, a year from now, is going to cost $1 too, you think, well, maybe that's not that bad. But here's the problem, the natural progression of Business and Technology is to lower the cost, right? So you have something cost $1 today, and because somebody's using AI and internet and automation and robots and all this technology, right? And the cost, they could really sell it for 80 cents. And so the Fed looks at and goes, Let's inflate to $1.02 that's not two cents of inflation. That's 22 cents of inflation. And so there's hidden inflation. The benefits of the gains in productivity don't show up in the CPI, but it's like deferred maintenance on an apartment building. You can make your cash flow look great if you're not setting anything aside for the inevitable day when that roof is going to go out and that parking lot is going to need to be repaved, right? And you don't know how far out you are until you get there and you're like, wow, I'm really short, and I think that we have been experiencing for decades. The theft of the benefit of our productivity gains, and we're not just a little bit out of position. We're way out of position. That's   Keith Weinhold  40:07   a great point. Like I had said earlier, imagine what the rate of inflation would be if we hadn't outsourced so much of our labor and productivity to low cost China. And then imagine what the rate of inflation would be as well, if you would factor in all of this increased productivity and efficiency, the natural tendencies of which are to make prices go lower as society gets more productive, but instead they've gone higher. So when you adjust for some of these factors, you just can't imagine what the true debased purchasing power of the dollar is. It's been happening for a long time. It's inevitable that it's going to continue to happen in the future. So this has been a great chat about the history and us understanding what the powers that be have done to debase our dollar. It's only at what rate we don't know. Russ, tell us more about what you're doing today. You're really out there more as a champion for Main Street in capitalism.   Russell Gray  41:04   I mean, 20 years with Robert and the real estate guys, and it was fantastic. I loved it. I went through a lot, obviously, in 2008 and that changed me a little bit. Took me from kind of being a blocking and tackling, here's how you do real estate, and to really understanding macro and going, you know, it doesn't matter. You can do like I did, and you build this big collection. Big collection of properties and you lose it all in a moment because you don't understand macro. So I said, Okay, I want to champion that cause. And so we did that. And then we saw in the 2012 JOBS Act, the opportunity for capital raisers to go mainstream and advertise for credit investors. And I wrote a report then called the new law breaks Wall Street monopoly. And I felt like that was going to be a huge opportunity, and we pioneered that. But then after my late wife died, and I had a chance to spend some time alone during COVID, and I thought, life is short. What do I really want to accomplish before I go? And then I began looking at what was going on in the world. I see now a couple of things that are both opportunities and challenges or causes to be championed. And one is the mega trend that I believe the world is going you know, some people call it a fourth turning whatever. I don't consider that kind of we have to fall off a cliff as Destiny type of thing to be like cast in stone. But what I do see is that people are sick and tired of monopolies. We're sick and tired of big tech, we're sick and tired of big media, we're sick and tired of big government. We're sick and tired of big corporations, we don't want it, and big banks, right? So you got the rise of Bitcoin, you got people trying to get out from underneath the Western hegemony, as we've been talking about decentralization of everything. Our country was founded on the concept of decentralization, and so people don't understand that, right? It used to be everything was centralized. All powers in the king. Real Estate meant royal property. That's what real estate it's not like real asset, like tangible it's royal estate. It's royal property. Everything belonged to the king, and you just got to work it like a serf. And then you got to keep 75% in your produce, and you sent 25% you sent 25% through all the landlords, the land barons, and all the people in the hierarchy that fed on running things for the king, but you didn't own anything. Our founder set that on, turn that upside down, and said, No, no, no, no, no, it's not the king that's sovereign. It's the individual. The individual is sovereign. It isn't the monarchy, it's the individual states. And so we're going to bring the government, small. The central government small has only got a couple of obligations, like protect the borders, facilitate interstate commerce, and let's just have one common currency so that we can do business together. Other than that, like, the state's just going to run the show. Of course, Lincoln kind of blew that up, and it's gotten a lot worse after FDR, so I feel like we're under this big decentralization movement, and I think Main Street capitalism is the manifestation of that. If you want to decentralize capitalism, the gig economy, if you want to be a guy like you, and you can run your whole business off your laptop with a microphone and a camera, you know, in today's day and age with technology, people have tasted the freedom of decentralization. So I think the rise of the entrepreneur, I think the ability to go build a real asset portfolio and get out of the casinos of Wall Street. I think right now, if we are successful in bringing back these huge amounts of investment, Trump's already announced like two and a half or $3 trillion of investment, people are complaining, oh, the world is selling us. Well, they're selling stocks and they're selling but they're putting the money actually into creating businesses here in the United States that's going to create that primary driver, as you well know, in real estate, that's going to create the secondary and tertiary businesses, and the properties they're going to use all kinds of Main Street opportunity are going to grow around that. I lived in Silicon Valley, when a company would get funded, it wasn't just a company that prospered, it was everything around that company, right? All these companies. I remember when Apple started. I remember when Hewlett Packard, it was big, but it got a lot bigger, right there. I watched all that happen in Silicon Valley. I think that's going to happen again. I think we're at the front end of that. And so that's super exciting. Wave. The second thing that is super important is this raising capitalist project. And the reason I'm doing it is because if we don't train our next generation in the principles of capitalism and the freedom that it how it decentralizes Their personal economy, and they get excited about Bitcoin, but that's not productive. I'm not putting it down. I'm just saying it's not productive. You have to be productive. You want to have a decentralized currency. Yes, you want to decentralize productivity. That's Main Street capitalism. If kids who never get a chance to be in the productive economy get to vote at 1819, 2021, 22 before they've ever earned a paycheck, before they have any idea, never run a business. Somebody tells them, hey, those guys that have all that money and property, they cheated. It's not fair. We need to take from them. We need to limit them, not thinking, Oh, well, if I do that, when I get to be there, that what I'm voting for is going to get on me. Right now, Keith, there are kids in ninth grade who are going to vote for your next president, right?   Keith Weinhold  45:56   And they think capitalism is evil. This is part of what you're doing with the raising capitalists project, helping younger people think differently. Russ, I have one last thing to ask you. This has to do with the capitalism that you're championing on your platforms now. And real estate, I continue to see sometimes I get comments on my YouTube channel, especially maybe it's more and more people increasingly saying, Hey, I think housing should be a human right. So talk to us about that. And maybe it's interesting, Russ, if I take the other side of it and play devil's advocate, people who think housing is a human right, they say something like, the idea is that housing, you know, it's a fundamental need, just like food and clean water and health care are without stable housing. It's incredibly hard for a person to access opportunities like work and education or health care or participate meaningfully in society at all. So government ought to provide housing for everybody. What are your thoughts there?   Russell Gray  46:54   Well, it's inherently inflationary, which is the root cause of the entire problem. So anytime you create consumption without production, you're going to have more consumers than producers, and so you're going to have more competition for those goods. The net, net truth of what happens in that scenario are shortages everywhere. Every civilization that's ever tried any form of system where people just get things for free because they need them, end up with shortages in poverty. It doesn't lift everybody. It ruins everything. I mean, that's not conjecture. That's history, and so that's just the way it works. And if you just were to land somebody on a desert island and you had an economy of one, they're going to learn really quick the basic principles of capitalism, which is production always precedes consumption, always 100% of the time, right? If you're there on that desert island and you don't hunt fish or gather, you don't eat, right? You don't get it because, oh, it's a human right to have food. Nope, it's a human right to have the right to go get food. Otherwise, you're incarcerated, you have to have the freedom of movement to go do something to provide for yourself, but you cannot allow people to consume without production. So everybody has to produce. And you know, if you go back to the Plymouth Rock experiment, if you're familiar with that at all, yeah, yeah. So you know, just for anybody who doesn't know, when the Pilgrims came over here in the 1600s William Bradford was governor, and they tried it. They said, Hey, we're here. Let's Stick Together All for one and one for all. Here's the land. Everybody get up every day and work. Everybody works, and everybody eats. They starved. And so he goes, Okay, guys, new plan. All right, you wine holds. See this little plot of land, that's yours. You work it. You can eat whatever you produce. Over there, you grace. You're going to do yours and Johnson's, you're going to do yours, right? Well, what happened is now everybody got up and worked, and they created more than enough for their own family, and they had an abundance. And the abundance was created out of their hunger. When they went to serve their own needs, they created abundance forever others. That's the premise of capitalism. It's not the perfect system. There is no perfect system. We live in a world where human beings have to work before they get to eat. When I say eat, it could be having a roof over their head. It could be having clothes. It could be going on vacation. It could be having a nice car. It could be getting health care. It doesn't matter what it is, whatever it is you need. You have the right, or should have, the right, in a free system to go earn that by being productive, but the minute somebody comes and says, Oh, you worked, and I'm going to take what you produced and give it to somebody else who didn't, that's patently unfair, but economically, it's disastrous, because it incentivizes people not to work, which creates less production, more consumption. I have another analogy with sandwich makers, but you can imagine that if you got a group if you got a group of people making sandwiches, one guy starts creating coupons for sandwiches. Well then if somebody says, Okay, well now we got 19 people providing for 20. That's okay, but then all the guys making sandwiches. Why making sandwiches? I'm gonna get the coupon business pretty soon. You got 18 guys doing coupons, only two making sandwiches. Not. Have sandwiches to go around all the sandwiches cost tons of coupons because we got way more financialization than productivity, right? That's the American economy. We have to fix that. We can't have people making money by just trading on other people's productivity. We have to have people actually being productive. This is what I believe the administration is trying to do, rebuild the middle class, rebuild that manufacturing base, make us a truly productive economy, and then you don't have to worry about these things, right? We're going to create abundance. And if you don't have the inflation is which is coming from printing money out of thin air and giving to people who don't produce, then housing, all sudden, becomes affordable. It's not a problem. Health care becomes affordable. Everything becomes affordable because you create abundance, because everybody's producing the system is fundamentally broken. Now we have to learn how to profit in it in its current state, which is what you teach people how to do. We also have to realize that it's not sustainable. We're on an unsustainable path, and we're probably nearing that event horizon, the path of no return, where the system is going to break. And the question is, is, how are you going to be prepared for it when it happens? Number two, are you going to be wise enough to advocate when you get a chance to cast a vote or make your voice heard for something that's actually going to create prosperity and freedom versus something that's going to create scarcity and oppression? And that's the fundamental thing that we have to master as a society. We got to get to our youth, because they're the biggest demographic that can blow the thing up, and they're the ones that have been being indoctrinated the worst.   Keith Weinhold  51:29   Yes, Fed Chair Jerome Powell himself said that we live in a economic system today that is unsustainable. Yes, the collectivism we touched on quickly descends into the tyranny of the majority. And in my experience, historically, the success of public housing projects has been or to mixed at best, residents often don't respect the property when they don't have an equity stake in it or even a security deposit tied up in it, and blight and high crime rates have often followed with these public housing projects. When you go down that path of making housing as a human right, like you said earlier, you have a right to go procure housing for yourself, just not to ask others to pay for it for you. Well, Russ, this has been great. It's good to have your voice back on the show. Here again, here on a real estate show. If people want to connect with you, continue to see what you've been up to and the good projects that you're working on, promoting the virtues of capitalism. What's the best way for them to do that?   Russell Gray  52:31   I think just send an email to follow at Russell Gray, R, U, S, S, E, L, L, G, R, A, y.com, let you know where I am on social media. I'll let you know when I put out new content. I'll let you know when I'm a guest on somebody somebody's show and I'm on the cusp of getting my own show finally launched. I've been doing a lot of planning to get that out, but I'm excited about it because I do think, like I said, The time is now, and I think the marketplace is ripe, and I do speak Main Street and macro, and I hope I can add a nuance to the conversation that will add value to people.   Keith Weinhold  53:00   Russ, it's been valuable as always. Thanks so much for coming back onto the show. Thanks, Keith.   Yeah, terrific, historic outline from Russ about the long term decline of the dollar. It's really a fresh reminder and motivator to keep being that savvy borrower. Of course, real estate investors have access to borrow giant sums of dollars and short the currency that lay people do not. In fact, lay people don't even understand that it's a viable strategy at all. Like he touched on, Russ has really been bringing an awareness about how decentralization is such a powerful force that reshapes society. In fact, he was talking about that the last time that I saw him in person a few months ago. Notably, he touched on Nixon era wage and price controls. Don't you find it interesting? Fascinating, really, how a few weeks ago, Trump told Walmart not to pass tariff induced price increases onto their customers. Well, that's a form of price control that we're seeing today to our point, when we had the father of Reaganomics, David Stockman here on the show, five weeks ago, tariffs are already government intervention into the free market, and then a president telling private companies how to set their prices, that is really strong government overreach. I mean, I can't believe that more people aren't talking about this. Maybe that's just because this cycle started with Walmart, and that's just doesn't happen to be a company that people feel sorry for. Hey, well, I look forward to meeting you in person in Miami in just four days, as I'll be a faculty member for when we kick off the terrific real estate guys Investor Summit and see and really getting to know you, because we're going to spend nine days together. Teaching, learning and having a great time on a cruise ship in the Caribbean. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  55:13   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  55:36   You know whatever you want, the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 66866, while it's on your mind, take a moment to do it right now. Text, GRE to 66866   The preceding program was brought to you by your home for wealth, building, getricheducation.com.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureTrump is bringing in more investments each and everyday which is countering everything the [CB] has done over the many years. The parallel economy is getting stronger and the [CB] has lost the fight. Trump is prepping the new economy and the Federal Reserve will be restructured into the Treasury. The [DS] is panicking, Trump is in process of removing the state funded terrorists around the world. The people of Iran will be free soon. The [DS] is planning a mass riot across the country. They will most likely try to push a [FF] of creating some type of martyr. How do you force antifa, illegals, terrorist the [DS] out of the shadows and into the light? How do you bypass the corrupt judges? The [DS] is desperate and panicking, Trump is using this to trap them.   Economy https://twitter.com/EricLDaugh/status/1933554795765477508 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Restructuring the Federal Reserve into the Department of the Treasury—effectively absorbing its functions under direct executive control—would be a dramatic shift in U.S. monetary policy and governance. While Andrew Jackson dismantled the Second Bank of the United States by withdrawing federal funds and vetoing its recharter, the Federal Reserve is a far more complex and entrenched institution, created by the Federal Reserve Act of 1913 with a perpetual charter.     Potential Steps Trump Could Take   Trump could work with Congressional allies to draft a bill transferring key Fed functions (e.g., monetary policy, bank supervision) to the Treasury. This might involve creating a new Treasury division or empowering the Treasury Secretary to oversee interest rates and money supply. Frame the Narrative: Like Jackson, Trump could rally public support by portraying the Fed as an elitist institution that prioritizes Wall Street over Main Street. He could argue that placing monetary policy under the Treasury ensures democratic accountability. Leverage Political Capital: With Republican control of Congress, Trump could prioritize this agenda, using budget negotiations or debt ceiling talks to pressure lawmakers. However, he'd need to overcome resistance from moderates and filibuster threats in the Senate. Historical Precedent: Before the Fed, the Treasury managed some banking functions (e.g., under the Independent Treasury System post-1836). Trump could cite this as a viable model, though it was abandoned due to inefficiencies. Executive Actions to Increase Treasury Influence:   Trump could nominate a Treasury Secretary and Fed governors who support closer alignment between the two entities. While the Fed chair cannot be fired mid-term without cause, Trump could appoint a like-minded chair when the current term ends (e.g., Jerome Powell's term as chair expires in 2026).  Trump could issue orders directing the Treasury to study or assume certain Fed roles (e.g., payment systems or debt management). While symbolic, such moves could signal intent and pressure Congress. Treasury-Fed Coordination: Trump could push for formal agreements (e.g., a revised Treasury-Fed Accord, like the 1951 agreement) to give the Treasury more say in monetary policy, short of full control.

On today's show we are talking about a new provision of the latest tax bill that passed the US Congress and is now before the Senate. During the election campaign, President Trump said clearly that he did not favor a central bank digital currency. In fact he has made several statements in support of crypto currencies and his family is active in various crypto initiatives. But it seems that the President may have accidentally created the underlying systems that in fact amount to a CBDC. Whether this is an accident or deliberate is hard to tell. But the effect on the long term freedom and privacy of the citizens of the US is the same. The Federal Reserve Act explicitly prohibits ordinary citizens from having an account at the Fed. In order for a CBDC to be enacted in the US, it would require that aspect of the legislation to be modified. On today's show I'm going to unveil the plumbing that is being created in the system that effectively amounts to a CBDC with direct government oversight.-------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

This Day in Legal History:  Same-Sex Marriage Legalized in IrelandOn May 23, 2015, Ireland became the first country in the world to legalize same-sex marriage through a popular vote, marking a historic shift in both national and global legal landscapes. The referendum asked voters whether the Constitution should be amended to allow marriage regardless of sex, and the result was a resounding “Yes,” with 62% in favor and 38% opposed. The voter turnout was unusually high at over 60%, signaling widespread public engagement with the issue. This legal development followed years of advocacy and social change in Ireland, a country long associated with conservative Catholic values.The result amended Ireland's Constitution to state that “marriage may be contracted in accordance with law by two persons without distinction as to their sex.” This provision was later codified in the Marriage Act 2015, which came into effect in November of that year. The outcome of the vote represented not only a victory for LGBTQ+ rights but also a transformation in how Irish law and society conceptualize equality and family. It also had ripple effects internationally, inspiring similar movements in countries where same-sex marriage remained a contentious issue.Ireland's use of a constitutional referendum to secure marriage equality was unique and drew attention to the power of democratic processes to drive progressive legal change. It stood in contrast to other jurisdictions where marriage equality had been achieved through legislative action or court rulings. The campaign leading up to the vote featured stories of Irish citizens returning home from abroad just to cast their ballots, illustrating the emotional and civic weight of the moment. Major political parties and civic institutions publicly supported the amendment, a notable shift from past positions. Religious groups, while not uniformly opposed, largely cautioned against the change, yet the vote revealed a generational and cultural divide within Irish society.Ireland's decision on May 23, 2015, not only redefined marriage in its legal code but also signaled to the world a powerful statement about inclusivity, human rights, and democratic voice.The U.S. Supreme Court issued a ruling in a case involving President Trump's firing of two federal labor board members, offering reassurance that the decision does not extend to the Federal Reserve's leadership. The Court allowed Trump to keep the dismissed board members—Gwynne Wilcox of the National Labor Relations Board and Cathy Harris of the Merit Systems Protection Board—off the job while they challenge their terminations. However, the justices emphasized that the Federal Reserve is a "uniquely structured" entity, distinct from other federal agencies, and rooted in a special historical context.This distinction has calmed concerns that Trump might use these cases to justify firing Fed Chair Jerome Powell, whom he has criticized for not cutting interest rates. Powell, appointed by Trump and later renominated by President Joe Biden, is legally protected from dismissal except for cause, as stated in the Federal Reserve Act of 1913. Analysts welcomed the Court's reassurance, interpreting it as a safeguard for the Fed's independence.Nevertheless, some experts cautioned that the ruling isn't a definitive protection for the Fed but does limit broader implications from the labor board cases. Powell's term expires in May 2026, and Trump is expected to name a successor.US Supreme Court says Fed is unique, easing worries over Trump's ability to fire Powell | ReutersU.S. District Judge Susan Illston extended a block on mass layoffs planned by the Trump administration, ruling that significant restructuring of federal agencies requires congressional approval. This decision hampers President Trump's efforts to downsize or eliminate parts of the federal workforce, a central component of his broader government overhaul strategy.The ruling continues a temporary restraining order from earlier this month, which prevented around 20 agencies from carrying out large-scale layoffs and required reinstatement of those already dismissed. Illston's updated order refines the earlier ruling but maintains its core restrictions. The Trump administration had sought Supreme Court intervention, arguing the judge overstepped constitutional boundaries related to executive authority, but that effort may now be moot.Government attorney Andrew Bernie contended that Trump's executive order only asked agencies to explore potential cuts, without mandating immediate layoffs. However, plaintiffs argued that the administration's directives clearly pressured agencies to prepare for deep personnel cuts. These include proposed reductions of 80,000 jobs at Veterans Affairs and 10,000 at Health and Human Services.More than 260,000 federal employees are expected to leave their roles by September, many through buyouts. Lawsuits challenging these cuts are pending, making this ruling the most comprehensive legal obstacle so far to Trump's plans.US judge blocks Trump's mass layoffs in blow to government overhaul | ReutersEarlier this month, Ukraine's parliament ratified a landmark agreement with the United States: a legal, financial, and strategic framework that gives America preferential access to Ukraine's critical minerals and hydrocarbons — all while laying the foundation for a Reconstruction Investment Fund designed to rebuild Ukraine's decimated infrastructure. Sounds noble, sure, but let's not mistake realism for altruism.This deal is as much about strategic leverage as it is about digging rocks out of the ground.The agreement covers 55 minerals — everything from lithium and cobalt to uranium, titanium, and rare earths — plus oil and gas. The U.S. gains front-of-the-line privileges via a new limited partnership co-managed by the U.S. International Development Finance Corporation (DFC) and Ukraine's PPP Agency.Ukraine contributes its share in the form of rights to 50% of future revenues from new or dormant (but not-yet-exploited) resource licenses. Meanwhile, the U.S. counts military aid as its capital input.But it's not just about extraction. This partnership comes with first rights to co-invest, first rights to offtake agreements, and most-favored-nation status for investment terms — all locked into Ukrainian law.And if those terms change, the agreement explicitly overrides Ukrainian legislation. That's not just economic partnership; that's policy primacy.If you're an American investor, welcome to your new favorite offshore zone. The fund's income is entirely exempt from Ukrainian taxation: no duties, no levies, no withholdings. The U.S., in return, “expects” not to slap tariffs under Section 232 or IEEPA. Taken as a whole, it's a foreign investment platform with the tax treatment of a charity and the legal immunities of a diplomatic mission.The deal even covers currency risk. Ukraine must guarantee free convertibility of hryvnia into dollars and indemnify U.S. partners if transfers are delayed or blocked. Even during martial law, capital flows to the fund are protected by contract.Any new licensee in Ukraine's resource sector is required — not asked — to make investment information available to the fund when raising capital. The fund then gets the right to participate on equal or better terms. On top of that, Ukraine is barred from offering more favorable terms to anyone else. And yes, this includes offtake agreements — the U.S. or its designees get the first crack.In short, Ukraine can't sign a better minerals deal with the EU, China, or any other party unless the U.S. gets offered those same terms. Call it diplomacy with a non-compete clause.The framework focuses on new or idle licenses — but existing ones remain a grey zone. Ukraine would need new legislation to bring those under the fund's umbrella, and many current PSA holders have legislative stability guarantees that would make retroactive changes nearly impossible. Unless these assets are re-tendered or voluntarily integrated, they risk becoming an unaligned economic orbit, limiting the fund's reach.Here's the mineral-sized asterisk: this won't generate revenue tomorrow. Rare earth mines can take 10 to 20 years and $2 billion each to become operational. Many Ukrainian deposits remain unmapped, some are under occupation, and wartime damage to infrastructure makes transport and processing a logistical fantasy.While the agreement doesn't spell out a formal role for U.S. companies, it's not hard to guess the playbook: preferential licensing, co-investment with the fund, and possibly DFC-backed bonds aimed at U.S. institutional investors. Ukraine has openly stated its expectation that the fund will “look for investors” — and you can bet the Pentagon-adjacent venture funds are already circling like vultures.The Reconstruction Investment Fund is less about rebuilding Ukraine and more about anchoring it economically to the West. It creates a structured, American-led investment regime that rewards alignment, punishes deviation, and ensures U.S. interests are literally embedded in Ukraine's subsoil.Is this a win-win? Potentially. Ukraine gets capital, infrastructure, and a postwar economic vision. The U.S. gets mineral security, geopolitical leverage, and a new model for development diplomacy in conflict zones.But don't mistake this for benevolence. This is not a Marshall Plan — it's a minerals plan with a spreadsheet and a strategy memo. And the terms are clear: the rocks are Ukrainian, but the steering wheel? American.Breaking ground: U.S.-Ukraine mineral deal ratified in Ukraine, paving the way for reconstruction | ReutersGustav Holst, born in 1874 in England, was a composer whose music bridged the Romantic and modern eras with a uniquely English voice. Best known for his orchestral suite The Planets, Holst also made lasting contributions to wind band literature, a genre he approached with both seriousness and innovation. Among his most celebrated works in this realm is the Second Suite in F for Military Band, Op. 28, No. 2, composed in 1911. Unlike many composers of the time who treated band music as secondary, Holst infused his suite with depth, structure, and folkloric authenticity.The first movement of the suite, March: Allegro, opens with a vibrant and engaging theme based on the Somerset folk tune “Morris Dance.” Holst immediately establishes a sense of forward momentum and bright sonority that captures the distinct color of a military band. This is soon followed by a more lyrical trio section, featuring the melody “Swansea Town,” which provides a warm contrast before the return of the energetic march. The entire movement showcases Holst's gift for counterpoint, clever orchestration, and thematic development, all while remaining accessible and rhythmically compelling.As this week's closing theme, Holst's March: Allegro from the Second Suite offers a rousing, optimistic send-off. It's a reminder of the power of wind ensembles to convey both complexity and joy—and of Holst's enduring legacy in shaping modern band repertoire. The movement reflects not only his compositional brilliance but also his respect for English folk traditions, seamlessly translated into a format meant for public performance and communal appreciation.Without further ado, Gustav Holst's Second Suite in F for Military Band, Op. 28, No.2 – enjoy! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

**Discussion begins at 4:08**We are taking another look at the infamous sinking of the Titanic - This time discussing the conspiracy theory that the sinking was intentionally planned to ensure the success of the Federal Reserve.  Was the sinking orchestrated to eliminate individuals who opposed the creation of the Federal Reserve System? Several wealthy men, including John Jacob Astor IV, Isidor Straus, and Benjamin Guggenheim, were all aboard the Titanic and died in the disaster.  Today, they would be worth a combined 11 billion dollars.  What else did they have in common?  All three allegedly opposed the passage of the Federal Reserve Act, which aimed to centralize control of US monetary policy.  The sinking of the Titanic occurred in April 1912, and the Federal Reserve Act was signed into law just over a year later in December 1913.  Is this merely a coincidence?  Or was there something more sinister at play?Send us a textSupport the showTheme song by INDA

*The is the FREE archive, which includes advertisements. If you want an ad-free experience, you can subscribe below underneath the show description.The President of the United States first signed an EO (January 23, 2025) to create a working group on digital assets. Next he signed an EO (March 6, 2025) to establish a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile. Although the same reserve plan failed for the state of Wyoming, the EO establishes the digital reserve federally. Wyoming is, however, leading the way in experimenting with Stablecoin, while a bank in the state also became the first to send and receive digital U.S. Dollars. Wyoming-based Custodia Bank worked with a Texas bank to send tokenized digital dollars from an account into the digital realm and back again. Wyoming plans to unveil their Stablecoin in June 2025. Back at a Federal level, the Senate Banking Committee sent a stablecoin bill to the full chamber for debate in early March. By early April Satoshi Nakamoto, the supposed founder of Bitcoin - though “he” could be a “she” and is in fact more than one person - mysteriously reappeared for the first time since 2008 when Bitcoin was speculated on and created by 2009. Who or what they are is unknown to everyone except the Department of Homeland Security which knew the identity officially back in 2019 and yet failed to reveal it to the public. This is interesting because doing something like creating such a secure alternative to the U.S. Dollar is usually seen as an act of terrorism and a threat to national security. Although an EO on Central Bank Digital Currency has been signed, banning its use, and an anti-CBDC Bill has cleared the House Financial Services Committee, Bitcoin and others are taking its place. The Trump family is heavily invested, too, with their crypto firm, World Liberty Financial, pushing to launch a decentralized finance platform DeFi. While proponents of Bitcoin, for example, say “its decentralized,” “rejected by the banks,” “not legal tender,” “it's stable,” and “not traceable,” this is in fact not the whole story. When it becomes legal tender and regulated in the United State then it will also become “stable” and centrally regulated. Bitcoin will also become even more highly trackable through AI, pattern recognition and government subpoenas, among other things. Now that the U.S. in issuing tariffs as part of a trade war, BlackRock CEO Larry Fink has joined the chorus of voices warning that the U.S. dollar's reserve currency status is at risk. Fink has even gone further and suggested a likely replacement: Bitcoin, which could replace the dollar as a reserve and change the whole system. “The question of a potential dollar confidence crisis has now been definitively answered—we are experiencing one in full force,” ING analysts including Francesco Pesole wrote in a note seen by Bloomberg. “The dollar collapse is working as a barometer of ‘sell America' at the moment.” The dollar's decline is seen by some as boosting the bitcoin price as traders bet bitcoin will follow in gold's footsteps, performing as a safe haven asset. The overall story seems to be this: some mysterious figure creates Bitcoin, banks oppose it like they famously did the Federal Reserve Act in 1913, which triggers public support and demands for it, then banks officially adopt it as a model, then the same people pushing bitcoin say it is the solution to the Great Rest which is rejected and replaced with Trump's Golden Age Reset, which itself leads to the U.S. Dollar losing status and being replaced by…. Bitcoin - while investors put their money in a digital, not physical, assets. As with Hawk Tuah Girl's $50-million pump and dump, this Bitcoin-cyrpto evolution has the ability to be the largest of such schemes in world history, and probably the largest transfer of wealth in world history too. It is set up to be the legendary world currency.-FREE ARCHIVE (w. ads)SUBSCRIPTION ARCHIVEX / TWITTER FACEBOOKMAIN WEBSITECashApp: $rdgable EMAIL: rdgable@yahoo.com / TSTRadio@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/tst-radio--5328407/support.

From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

The Trump administration is moving so fast that the media cannot keep up and is driving the LEFT crazy! With all this momentum maybe those in Trump's orbit could suggest ending the Federal Reserve. Of course, this would take an act of Congress to repeal the 1913 Federal Reserve Act, but what a huge boost for Trump's legacy. Nothing good has come from this institution. It expands the money supply by buying U.S. Treasuries, and in the process, steals everyone's productivity. Listen Thomas Sowell tell you why it needs to go. Even former World Bank Presidents are concerned with what the FED is doing.CNBC - David Malpass, Former World Bank Presidenthttps://x.com/ShadowofEzra/status/1889022383584874690Hoover Institution Interview of Thomas Sowellhttps://www.youtube.com/watch?v=ERj3QeGw9Ok

Born in Virginia and raised by his mother in the Cherokee Nation, Robert Owen was a seminal figure in Oklahoma's early history. He was elected as one of Oklahoma's first U.S. senators in 1907 where he championed progressive and populist causes in the nation's capital. Utilizing his background as a bank owner in Muskogee, he was the Senate author of the Federal Reserve Act of 1913, which created the financial system still in use today. In this episode, Trait Thompson and Dr. Blackburn talk to Dr. Ken Brown, a former professor at the University of Central Oklahoma and an expert on Owen, about his life and his work creating the Federal Reserve.

Tom Bodrovics welcomes back former congressman Dr. Ron Paul from Texas and Liberty Report host to discuss the link between liberty and the economy. Dr. Paul insists that freer societies are more prosperous, advocating for a sound monetary policy as crucial for economic health. He condemns interventionist policies and criticizes the Federal Reserve's manipulation of interest rates, citing 1921 as evidence of a hands-off approach leading to a better recovery from an economic downturn. During the conversation, Dr. Paul expresses his aspiration to terminate the Federal Reserve and proposes steps towards accomplishing this goal, including repealing the Federal Reserve Act and enforcing the Constitution. Although he acknowledges that the process might not be easy due to the nation's addiction to low-interest rates and easy money, he emphasizes the importance of recognizing inflation as a tax on people's money and advocates for Fed auditing as a path to transparency. Dr. Paul supports gold-backed bonds as a means of promoting fiscal restraint and offering individuals a valuable savings opportunity. He denounces tariffs as an ill-conceived solution for economic matters, suggesting instead the elimination of burdensome business regulations. Furthermore, Dr. Paul expresses concerns about government information's lack of transparency and encourages citizens to educate themselves on constitutional principles in order to safeguard individual liberties. Dr. Paul concludes by urging listeners to act upon their convictions and principles, underlining the significance of education in history and economics. He also presents his homeschooling curriculum as a substantial contribution to fostering individual liberty and countering excessive government control over education and healthcare. Ultimately, Dr. Paul underscores the importance of personal accountability and the risks of government intervention in diverse areas. Time Stamp References:0:00 - Introduction0:36 - Economics of Liberty3:24 - Government Efficiency5:00 - Audit & End The Fed12:58 - Shelton & Gold Bonds14:36 - Tariffs & Regulations23:12 - Accurate Information?25:36 - What Should We Do?27:29 - Wrap Up Guest LinksTwitter: https://x.com/ronpaulWebsite: http://www.ronpaullibertyreport.com/Website: http:///ronpaulinstitute.org Ron Paul is an American author, physician, and former politician. He was the U.S. Representative for Texas' 14th and 22nd congressional districts. Ron represented the 22nd congressional district from 1976 to 1977 and from 1979 to 1985 and then represented the 14th congressional district, which included Galveston, from 1997 to 2013. On three occasions, he sought the United States presidency: as the Libertarian Party nominee in 1988 and as a candidate in the Republican primaries of 2008 and 2012. Paul is a critic of the federal government's fiscal policies, especially the Federal Reserve and the tax policy, as well as the military-industrial complex and the War on Drugs. Paul has also been a vocal critic of mass surveillance policies such as the USA PATRIOT Act and the NSA surveillance programs. Paul was the first chairman of the conservative PAC Citizens for a Sound Economy and has been characterized as the "intellectual godfather" of the Tea Party movement. A native of the Pittsburgh suburb of Green Tree, Pennsylvania, Paul is a graduate of Gettysburg College and the Duke University School of Medicine, where he earned his medical degree. He served as a flight surgeon in the U.S. Air Force from 1963 to 1968. In addition, Ron worked as an obstetrician-gynecologist from the 1960s to the 1980s. He became the first Representative in history to serve concurrently with a son or daughter in the Senate when his son, Rand Paul, was elected to the U.S. Senate from Kentucky in 2010. Paul is a Senior Fellow of the Mises Institute and has been an active writer, publishing on the topics of political and economic theory and publicizing the ideas of econ...

"How do you End The Fed?” is a common question. Since the government created the Fed by signing the Federal Reserve Act in 1913 (yes, The Fed is a government-created monopoly) then the simple answer is for Congress to repeal that Act. But alas, it is not so simple in practice. The Fed has been our albatross for over 100 years and it has entrenched itself into our economic lives. Steps can definitely be taken, however, to free ourselves from this immoral and unconstitutional monopoly. Over time, as has happened with Americans freeing themselves from the mainstream media, it can be done.

I read from federalization to feeblish.     The Federal Reserve Act seems to have changed how banking was done in the US.  https://en.wikipedia.org/wiki/Federal_Reserve_Act     The word of the episode is "fed up".     Use my special link https://zen.ai/thedictionary to save 30% off your first month of any Zencastr paid plan.    Create your podcast today! #madeonzencastr     Theme music from Jonah Kraut https://jonahkraut.bandcamp.com/     Merchandising! https://www.teepublic.com/user/spejampar     "The Dictionary - Letter A" on YouTube   "The Dictionary - Letter B" on YouTube   "The Dictionary - Letter C" on YouTube   "The Dictionary - Letter D" on YouTube   "The Dictionary - Letter E" on YouTube   "The Dictionary - Letter F" on YouTube     Featured in a Top 10 Dictionary Podcasts list! https://blog.feedspot.com/dictionary_podcasts/     Backwards Talking on YouTube: https://www.youtube.com/playlist?list=PLmIujMwEDbgZUexyR90jaTEEVmAYcCzuq     https://linktr.ee/spejampar dictionarypod@gmail.com https://www.facebook.com/thedictionarypod/ https://www.threads.net/@dictionarypod https://twitter.com/dictionarypod https://www.instagram.com/dictionarypod/ https://www.patreon.com/spejampar https://www.tiktok.com/@spejampar 917-727-5757

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture Germany is economy is falling apart, they are pushing the green party out, now the people aren't getting the electric because of  no wind and no sun. UK cuts rates. Iran's currency declines. The [CB] cut rates early, setting the stage. Powell says he will not go if Trump asks him. Big Pharma is now panicking, one CEO has resigned and the others had a meeting. The [DS] is now pushing protests in different cities. Are they gearing up for another insurrection? Trump has declassified all the information, at what stage of the game do you play the Trump card. Now they all lose.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/disclosetv/status/1854461646074196257 https://twitter.com/BitcoinMagazine/status/1854513438199885971 https://twitter.com/DeepakRai98836/status/1854305773058498919?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1854305773058498919%7Ctwgr%5E60c6e1d9350834d4ed4042c1f409f7712ada031b%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2024%2F11%2Firans-currency-hits-all-time-low-following-president%2F   Fed cuts interest rates in first meeting since Trump win The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, welcome news for consumers who have been struggling with higher rates. After a two-day meeting of its monetary policy committee in Washington, D.C., the Fed announced it would move its rate target to 4.50% to 4.75%. Investors anticipated the move after the central bank's bigger half percentage point cut at its September meeting.  Source: washingtonexaminer.com Powell says he would not resign as Fed chief if Trump asked for his resignation  Federal Reserve Chairman Jerome Powell said Thursday that the president does not have the legal power to fire or demote him. When asked whether he would step aside if President-elect Donald Trump asked him to resign, Powell simply said: “No.” Source: cnbc.com Legal Basis: Section 10 of the Federal Reserve Act specifies that members of the Board of Governors, including the Chairman, can be removed "for cause" by the President. However, what constitutes "for cause" isn't explicitly detailed in the law, but traditionally, it has been interpreted to mean serious misconduct like inefficiency, neglect of duty, or malfeasance in office. Policy disagreements generally do not suffice as cause for removal. Practical Considerations: Legal Challenge: If a President attempted to remove the Chairman without clear cause, the Chairman could potentially challenge this in court, which might lead to a Supreme Court decision defining what "for cause" means in this context. Federal Reserve Structure: Even if removed from the chairmanship, the individual might still serve as a Governor if their term hasn't expired, potentially retaining influence over policy through voting rights on the Federal Open Market Committee (FOMC). Trump's tariffs will contribute to the US economic boom Trump's tariffs (coupled with his reduction in the corporate income tax for American producers) would encourage businesses to build new factories in the United States.  In his commentary “Trump's Most Misunderstood Policy Proposal,” Cass pointed out that Americans, not foreign workers, get the wages when products are produced in the United States.  He also pointed out that manufacturing drives long-term growth: Manufacturing drives innovation.

* Guest: Lowell Nelson - CampaignForLiberty.org, RonPaulInstitute.org * Republican Platform Ignores Real Causes of Inflation - Ron Paul. * "It remains up to those of us who know the truth to keep spreading the message that the real key to making America great again is to make money real again by auditing and ending the Fed." * Call your Congressman today, and insist that they co-sponsor and support HR 8421 Federal Reserve Board Abolition Act. This bill was introduced by Kentucky Rep. Thomas Massie on May 16 of this year (just two and a half months ago). It was referred to the Financial Services Committee in the US House. It has 26 co-sponsors so far, but none of them from Utah. * Urge your senators to co-sponsor and support Senate Bill 4463 - A bill to abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes. This bill was introduced by Utah Senator Mike Lee on June 5 of this year (just two months ago). It was referred to the Banking, Housing, and Urban Affairs Committee. It has no co-sponsors yet. * We could restore sound and honest money in America if we, the people, would insist on it! * Freedom's Extinction - Andrew Napolitano. * Freedom is the right to make personal choices about religion, speech, association, self-defense, travel, privacy, money, property, and so forth, without a permission slip from government. * War Criminal Benjamin Netanyahu Addresses the US Congress - Philip Giraldi. * House Speaker Mike Johnson described support of Israel as "one of America's founding principles." What a moronic comment! * There will be blowback. And America's reputation continues to sink into swamp-like territory. Washington needs to end its bipartisan, blank-check support for Israel and extricate itself from this tragedy. * No matter who wins the November election, Zionists will control the White House. Trump is pro-Israel, as is Kamala Harris. So don't look to Trump or Harris to solve this problem. This is Congress' problem, so we need to put pressure on Congress. * Benjamin Franklin: How to Lose an Empire - Michael Boldin, TenthAmendmentCenter.com * The people should never just sit idly by and take it: “Rebellion to Tyrants is obedience to God.”

How can lessons from the fall of Rome help us navigate today's political landscape? Jeremy Ryan Slate is back on the 365 Driven podcast to explore the striking parallels between ancient Rome and modern America. Jeremy holds a master's degree in Roman History and he brings his expertise to this episode to draw parallels to modern America and the lessons we can learn from Rome's fall. Jeremy kicks off by examining the pivotal changes of 1913, including the introduction of the income tax, the 17th Amendment, and the Federal Reserve Act, and their lasting impact on American politics. Jeremy then dives into the significance of emperor worship and propaganda in Rome's transition from a republic to an empire, and shows how these historical events provide a perspective on our current political struggles. Jeremy then journeys through the extensive history of Rome, from its founding in 753 BC to the fall of the Western Roman Empire in 476 AD, and beyond to the Eastern Empire's collapse in 1453. Understanding Rome's evolution from kingdom to republic to empire offers rich insights into the factors that led to its decline, such as poor leadership, economic turmoil, and military crises.  You will learn about the decline of the Western Roman Empire and its financial and political woes, echoing modern federalism in the United States. Evaluating the stories of key figures like the Gracchi brothers, Gaius Marius, Lucius Cornelius Sulla, and Julius Caesar, we can extract valuable lessons on reform, conflict, and power struggles. Additionally, Jeremy touches on the relevance of Roman history in today's social media-driven discussions and underscores the importance of community involvement and independent thought in navigating contemporary politics. Tune in for a compelling exploration of history that resonates powerfully with our present. Key highlights: The Decline of Empires and Republics Timeline of Rome's Changing Leadership Rise and Fall of Roman Empire Caesar's Rise to Power Roman Empire, Greek Influence, and Collapse Understanding Empires and Political Parties Connect with Jeremy Ryan Slate: Instagram: @jeremyryanslate Website: CommandYourEmpire.com Connect with Tony Whatley: Website: 365driven.com Instagram: @365driven Facebook: 365 Driven LinkedIn: Tony Whatley

In this discussion, Mike Winther explores the significant topic of charity. Mike approaches this subject with caution to ensure that our actions align not only with our intentions but also with what God intends. He discusses the arguments for both large and small government structures, highlighting two main reasons why government expansion occurs. Mike examines what the Bible says about charity and assisting the poor, and he contrasts God's model of charity with that of Karl Marx. Additionally, Mike addresses the issue of inflation, the increase in the money supply, and rising prices. We learn how inflation lowers the standard of living and serves as another means of wealth redistribution. The discussion also covers the influence of the wealthy and the pivotal meeting at Jekyll Island that led to the establishment of the Federal Reserve. Often, the solutions we devise are part of the problem itself. We further explore how inflation negatively impacts savings. You'll Learn: [01:03] What happens when we increase the money supply?  [02:34] Inflation reduces our standard of living and is another method of redistribution of wealth. [03:16] Inflation is a hidden tax and even a moral evil. [09:08] Mike talks about the private rail car taking the wealthy men who established the Federal Reserve to Jekyll Island. This gives monopoly control over our currency and interest rates to the semi-public semi-private institution. [10:41] The Federal Reserve Act was sold as something to help the little guy. It actually did just the opposite. [12:55] Mike talks about campaign finance reforms and how they backfired. It led to longer terms of office for the incumbents. [16:17] Mike shares a hypothetical scenario that compares kids stealing a widows savings to losing savings when inflation is higher than interest rates.  [18:14] We have an ethical obligation to do something when we know an evil is occurring. [21:01] Mike talks about how the government finances deficits. Methods include bonds, borrowing from foreign investors, and having the Federal Reserve create money in exchange for a bond. [26:14] Debt is a bad thing.  [27:21] There's a battle over the size of the government.  [28:08] When people's safety feels threatened they allow the government to get bigger. We also expand government to help the poor. [29:09] Who gets charity? Who gives charity? What are the standards for charity?  [30:03] Deuteronomy 10:17 through 19. Deuteronomy 14:28. Deuteronomy 24:19. [38:10] The practical applications of this course are going to multiply. It's always a good idea to look at principles. [42:26] Should we be forced to pay for someone else's education against our will? [46:30] Is there a right to freedom of movement? What are the circumstances where you could legitimately reject someone from coming here? [46:57] Individualism says the individual is most important. Collectivism says the group is most important.   Your Resources: Books to browse Biblical Principles of Government (1a) Biblical Principles of Government (1b) Biblical Principles of Government (2a) Biblical Principles of Government (2b) Biblical Principles of Government (3a) Biblical Principles of Government (3b) Biblical Principles of Government (4a) Biblical Principles of Government (4b) Biblical Principles of Government (5a) Biblical Principles of Government (5b) Biblical Principles of Government (6a) Biblical Principles of Government (6a) The Creature from Jekyll Island

Bill Cooper and Linda Thompson discuss the wicked EVILs of the WACO Massacre.  We watch Waco the Big Lie II, and listen to an Hour of the Time broadcast where Bill is involved in the coordinating to help protect another man from being murdered at his home when he was under siege.  This rogue state doesn't recognize rights and hasn't since 1933, and actually earlier with the founding of the Federal Reserve Act in 1913, and the loss of the Civil War in 1865. GET COMMERCIAL FREE PODCASTS and Exclusive Content Become a Patron.  https://Patreon.com/DisguisetheLimitsGo To My Website: https://www.semperfryllc.com/podcast.htmlPriestcraft: Beyond Babylon is getting Great Feedback! 8.5x11 Paperback, Hardcover, & Kindle: https://www.amazon.com/dp/B0CNGX53L7/Barnes & Noble: Priestcraft: Beyond Babylon 416 pages, and ebook: https://www.barnesandnoble.com/w/book/1144402176KOBO: https://www.kobo.com/us/en/ebook/priestcraft-beyond-babylonTake Back Your Health NOW! DR PETER GLIDDEN, ND All-Access https://leavebigpharmabehind.com/?via=pgndhealth Add to the Kristos Family Apocalypse Fund: https://GiveSendGo.com/BaalBustersDR MONZO Products: https://drmonzo.kartra.com/page/shopDR MONZO ATB BOOK: https://drmonzo.kartra.com/page/ATBBookUSE CODE: BaalBusters15 for 15% OFF Dr. MONZO's store itemsGet KRATOM HERE: https://klaritykratom.com/?ref=BaalBustersSubmit Questions: https://buymeacoffee.com/BaalBusters or just Call-in!Have you tired TRY BLUE? https://tryblue.refr.cc/baalbusters for 17% Off!SHIRTS & MERCH https://my-store-c960b1.creator-spring.com/THIS CHANNEL IS INDEPENDENT and has no sponsors but YOUBecome a supporter of this podcast: https://www.spreaker.com/podcast/ba-al-busters-broadcast--5100262/support.

Was 1913 the year that sealed America's fate, transforming it forever? In this must-watch, insightful episode of "Create Your Own Life," I, Jeremy Ryan Slate, take you on a deep dive into the pivotal events of 1913 that arguably stripped America of its sovereignty. With my background in history and years of dedicated research, I bring a unique perspective to these critical moments in time. We'll explore the Income Tax Act, the 17th Amendment, and the Federal Reserve Act—three monumental changes that continue to shape our nation's problems and sovereignty issues. This episode is not just a historical analysis; it's a call to action, offering solutions on how we can address these century-old decisions. Join me in this controversial, thought-provoking journey as we dissect how 1913 might have been the year America ceased to be a republic. Whether you're a history aficionado, a political enthusiast, or someone deeply concerned about America's future, this episode promises a fresh, analytical perspective on issues often glossed over. Your engagement is crucial. Comment your thoughts, like if you find the content enlightening, and subscribe to be part of a community that dares to challenge mainstream perspectives. Share this video to ignite conversations about America's past, present, and future sovereignty. Support our mission to enlighten and inspire by checking out our sponsors—products and services we trust and recommend. Dive deeper into the topics we discussed by visiting our website, and follow us on social media to join the conversation on America's fate and how we can reclaim our republic. Your voice matters in shaping a future informed by our past. Let's create change together.

Was 1913 the year that sealed America's fate, transforming it forever? In this must-watch, insightful episode of "Create Your Own Life," I, Jeremy Ryan Slate, take you on a deep dive into the pivotal events of 1913 that arguably stripped America of its sovereignty. With my background in history and years of dedicated research, I bring a unique perspective to these critical moments in time. We'll explore the Income Tax Act, the 17th Amendment, and the Federal Reserve Act—three monumental changes that continue to shape our nation's problems and sovereignty issues. This episode is not just a historical analysis; it's a call to action, offering solutions on how we can address these century-old decisions. Join me in this controversial, thought-provoking journey as we dissect how 1913 might have been the year America ceased to be a republic. Whether you're a history aficionado, a political enthusiast, or someone deeply concerned about America's future, this episode promises a fresh, analytical perspective on issues often glossed over. Your engagement is crucial. Comment your thoughts, like if you find the content enlightening, and subscribe to be part of a community that dares to challenge mainstream perspectives. Share this video to ignite conversations about America's past, present, and future sovereignty. Support our mission to enlighten and inspire by checking out our sponsors—products and services we trust and recommend. Dive deeper into the topics we discussed by visiting our website, and follow us on social media to join the conversation on America's fate and how we can reclaim our republic. Your voice matters in shaping a future informed by our past. Let's create change together.

Here are a few notable historical events that happened on December 23:1783: George Washington resigned as commander-in-chief of the Continental Army to the Congress of the Confederation, then meeting in the Maryland State House in Annapolis, Maryland.1913: The Federal Reserve System, the central banking system of the United States, was created with the signing of the Federal Reserve Act by President Woodrow Wilson.1947: The transistor was first demonstrated by physicists John Bardeen, Walter Brattain, and William Shockley at Bell Labs.1972: The Nicaraguan capital, Managua, was hit by a 6.2 magnitude earthquake, killing more than 10,000 people and causing widespread devastation.1986: The experimental airplane Voyager, piloted by Dick Rutan and Jeana Yeager, completed the first non-stop, non-refueled, around-the-world flight without landing.1995: The city of Bethlehem passed from Israeli to Palestinian control as part of the Oslo Accords.These events represent just a small selection, and there may be other, less well-known events that occurred on December 23 throughout history.Podcast Website:https://atozenglishpodcast.com/a-to-z-this-day-in-world-history-december-23rd/Social Media:WeChat account ID: atozenglishpodcastFacebook Group: https://www.facebook.com/groups/671098974684413/Tik Tok:@atozenglish1Instagram:@atozenglish22Twitter:@atozenglish22A to Z Facebook Page:https://www.facebook.com/theatozenglishpodcastCheck out our You Tube Channel:https://www.youtube.com/channel/UCds7JR-5dbarBfas4Ve4h8ADonate to the show: https://app.redcircle.com/shows/9472af5c-8580-45e1-b0dd-ff211db08a90/donationsRobin and Jack started a new You Tube channel called English Word Master. You can check it out here:https://www.youtube.com/channel/UC2aXaXaMY4P2VhVaEre5w7ABecome a member of Podchaser and leave a positive review!https://www.podchaser.com/podcasts/the-a-to-z-english-podcast-4779670Join our Whatsapp group: https://forms.gle/zKCS8y1t9jwv2KTn7Intro/Outro Music: Daybird by Broke for Freehttps://freemusicarchive.org/music/Broke_For_Free/Directionless_EP/Broke_For_Free_-_Directionless_EP_-_03_Day_Bird/https://creativecommons.org/licenses/by/3.0/legalcodehttps://freemusicarchive.org/music/Scott_Joplin/Piano_Rolls_from_archiveorg/ScottJoplin-RagtimeDance1906/https://creativecommons.org/publicdomain/mark/1.0/Support this podcast at — https://redcircle.com/the-a-to-z-english-podcast/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this podcast episode, Luke Belmar & Colin Yurcisin delve into the history and current state of the monetary system, discussing the role of debt, the removal of the gold standard, and the introduction of central bank digital currencies. They critique the banking system and the unlimited printing of money, drawing parallels to the fall of the Roman Empire and the role of military power. The conversation also covers the importance of personal branding and self-education in preparation for future economic shifts, emphasizing the need for individuals to manage their own finances and understand how the world works. Follow the podcast to elevate yourselves with Luke Belmar's Data Sets

In this week's episode of Live from the Vault, Andrew Maguire is joined by Dr Stephen Leeb, money manager and writer of the Intel for Investors newsletter, to discuss the acronym he coined: ICAG, and the expansion of BRICS.The precious metals experts discuss gold's role on a spiritual level as well as its place in current and future global monetary systems, before taking a closer look at the US dollar-based financial model, explaining why it no longer works. Check out Stephen Leeb: https://www.leeb.net/Timestamps:00:00 Start 02:40 ICAG - what this acronym means and gold's spiritual role19:30 The imminent Russia-chaired BRICS meeting30:00 Does gold competing with treasuries undermine the Federal Reserve Act?41:30  The new BRICS currency and the end of US dollar hegemony 52:30  Sharing wisdom and moralitySign up for Kinesis on desktop:https://www2.kinesis.money/investor-youtube.Download the Kinesis Mobile app - available App Store and Google Play:https://apps.apple.com/us/app/kinesis...https://play.google.com/store/apps/de...Also, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.Twitter: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Telegram: https://t.me/kinesismoney

President Woodrow Wilson, who strongly opposed private banks, signed off on the Federal Reserve Act, something he deeply regretted. Soon after, according to the Road to root, a theory, Wilson signed off on it. Out of fear of catastrophic inflation. The amount of gold being found in the late 18 hundreds was causing an endless rise of inflation by 1900, several mining companies were harvesting gold from the. Canyon, which was a major undertaking, an 80 mile long road, was built to access a coal deposit for power and barges and steam ships were assembled in the canyon to deliver this coal every day. By 1912, the New York Times reported that billions of ounces of gold were estimated to be dredged from this operation. And at this time, there was only 64 million ounces of gold in the US Treasury and 160. Worldwide. Adding billions of ounces would've been economically catastrophic. It would've driven the value of gold to zero, devastating the world's economies, and destroying the wealth of the world's most powerful people.Also The Income Tax was started monthes later. What was our National Debt before these acts were pasted? What is the National Debt today? Have you seen a courthouse and a Masonic Lodge? What was the founders grand plan. Research Marvin Bryer.You need to know this

Who do we have to blame for much of America's condition today? Woodrow Wilson. A single look at Wilson's doctoral thesis would have told us to be careful with him; it was on ending the American System and replacing it with monarchal system. That's what Wilson spent the next 8 years doing; 1913 being a pivotal year of it. Did women get the right to vote? Yes, and thats a good thing that he did. Did workers get better protections? Yes, and thats a good thing he did. However, the bad permanently changed the country: Income Tax, the Federal Reserve Act, The 17th Amendment, Prohibition,  The First World War and many others. America is permantly changed by the Wilson Presidency. One editors note: I mispoke on the WWI Treaty of Versailles calling it the Treaty of Paris. Yes, there were many Treaties or Paris, but this was one one of them. 

Who do we have to blame for much of America's condition today? Woodrow Wilson. A single look at Wilson's doctoral thesis would have told us to be careful with him; it was on ending the American System and replacing it with monarchal system. That's what Wilson spent the next 8 years doing; 1913 being a pivotal year of it. Did women get the right to vote? Yes, and thats a good thing that he did. Did workers get better protections? Yes, and thats a good thing he did. However, the bad permanently changed the country: Income Tax, the Federal Reserve Act, The 17th Amendment, Prohibition,  The First World War and many others. America is permantly changed by the Wilson Presidency. One editors note: I mispoke on the WWI Treaty of Versailles calling it the Treaty of Paris. Yes, there were many Treaties or Paris, but this was one one of them. 

Mike Winther has devoted the past 17 years to foster a better understanding of the biblical role of government. In this lecture, he talks about why he has devoted his time to this and then dives into the question of whether our banking system makes us slaves.  Some of the things discussed include what economics actually are. Economics are the rules of trade and commerce and really become a part of government. What's true for individuals also needs to be true for the institutions that govern them, yet we give the government powers that we don't have. He talks about the Federal Reserve and so much more.    You'll Learn: [02:00] When Mike was growing up, his family was interested in the government. Mike went to a lot of conferences on government and economics as a kid, and he majored in political science. [02:28] He also worked in the campaign world hoping to make the world a better place by getting better officials elected. [02:53] We're losing America, because we're losing the hearts and minds of some Americans. Mike started teaching courses about Christian involvement in the public square. He founded the Institute for Principle Studies in 2005. [03:59] Economics are the rules by which we engage in trade or commerce. The study of economics is really a study of government. The core question is what is the government's role managing the economy. [05:01] What's true for individuals also needs to be true for the institutions that govern them. We give the Government powers that the average individual doesn't have. [06:50] The Federal Reserve isn't actually part of the government. The Federal Reserve Act was passed in 1913. It's a monopoly. People can't participate in banking unless it's part of the Federal Reserve System. [07:42] The Federal Reserve is a private bank, but the government has some control over some of its directors. It's a hybridization or a mix between public and private. [08:36] The big debate is free market versus socialism. The argument used for socialism was the Great Depression of 1929. [09:23] The banking problems of the 1920s were actually caused by the Federal Reserve. The shrinking money supply is what caused the stock market crash. [11:32] How our banking system makes us slaves. In the old days, currency used to be backed by gold. It was an asset-based currency. [12:39] The Federal Reserve System was designed to be a money system based on debt not assets. [13:22] The initial value of our money is based on a Government Bond or debt. [13:41] Inflation is a hidden tax where money loses value and prices go up. [20:33] Reasons why people are questioning the Federal Reserve. Ron Paul wanted to audit the Federal Reserve. A system that increases inflation is not a good idea.  [22:31] Social financing should come from tithes, not government programs. [24:08] Inflation steals from everyone, especially those on fixed incomes. [29:55] Government and state schools aren't going to live up to biblical principles. [33:39] Corruption and just printing money. Why the Federal Reserve needs to be repealed.  [39:09] Instead of leaving an inheritance to our children and grandchildren we are leaving vast amounts of debt. [43:36] Too many distractions prevent us from focusing on the main issues in our society. [48:00] Mike has hope for the future and he's willing to invest in young people now. People need to be taught how to think. The value of debate is forcing the participants to learn things at a deeper level and think it through.  [53:05] In a debate both sides of the issue need to be studied and understood.   Your Resources: Books to browse Five Principles By Michael Winther

Tom welcomes the fascinating new guest Hugh Hendry to the show. Hugh talks about the challenges of setting up a hedge fund today. He paints a picture of the current markets as fiercely volatile, particularly with unusual events occurring that are supposed to happen once in a century. Additionally, debt and debt expansion shows no signs of ending. Hugh reviews the implications of China predominantly using domestic financing and the effects of their surplus in global trades. He harkens back to the gold standard when it acted as successful high powered currency on an international level before the US Federal Reserve's involvement. The US now embraces debt to an unprecedented degree that is leading much of the world to a type of serfdom. Should a conflict occur between Taiwan and China, markets would suffer a massive increase in volatility with a likely negative outcome. Meanwhile in China, their GDP metrics have failed, and the world's economies are all in a state of decline. An example of this is the drop in financial sector stocks along with people fleeing banks to get to the 5% offered by the Fed. Hugh's view is that the 1934 Federal Reserve Act was made to mend the banking system, however, with current price deflation and reduced capital investment, it has been ineffective. Market stabilizers, such as short selling, also aren't able to prove as useful as before and capital controls remain a risk. He highlights the Marxist ideology that has resurfaced recently, as younger generations are no long seeing the promised level of success available to their parents. Hugh states we are in the “Fourth Depression”, and he breaks down how each of the previous three was resolved. Considering reasonable trades in relation to this environment, Hugh suggests considering Bitcoin as one of the few assets currently undervalued. Time Stamp References:0:00 - Introduction0:57 - Hedge Fund Start5:57 - Bubbles & Trends10:32 - Debt Expansion & China16:07 - China's Labor Force22:32 - Taiwan & Conflict Risk28:30 - Fed Aggressiveness36:00 - Capital Flight Controls?40:55 - Feds Usefulness?48:40 - Foreign Capital & Equities55:08 - Wealth Protection?1:06:18 - Trades, Nvidia & Bitcoin1:10:33 - Thoughts on Gold1:15:48 - Wrap Up Talking Points From This Episode We are in an unprecedented period of volatility and debt expansion, with growing potential for conflict.There has been a lack of counter moves to the overvaluation, as well as financial repression resulting from negative real rates and the possibility of a fourth depression.Bitcoin could be one of the few assets currently undervalued and he explains his views on gold. Guest Links:Twitter: https://twitter.com/@hendry_hughYouTube: https://www.youtube.com/@HughHendryOfficialWebsite: https://hughhendry.com/Acid Capitalist Podcast: https://open.spotify.com/show/5zj3Ox1qRD9GSynCKJIODS Hugh Hendry was born in 1969 in Glasgow, Scotland, and graduated from Strathclyde University with a degree in Business Administration and Economics and Finance in 1990. His career began at Edinburgh asset management company Baillie Gifford, followed by Credit Suisse and Odey Asset Management. In 2005, he founded Eclectica Asset Management. Hendry is renowned for his risk-taking and thought-leadership in global capital markets. His prescience in forecasting the Great Financial Crisis of 2008 earned him a reputation as a prophetic iconoclast. He has achieved success on social media, including a successful podcast, viral posts, and appearances on Bloomberg, the Economist, and Institutional Investor. Hendry now resides in St. Barts, where he is a leading investor in luxury real estate. He achieved a 31.2% positive return in 2008 and was featured on Financial News's list of the 100 most remarkable people in European capital markets. Often giving interviews, participating in TV programs and conferences, and known for his contrarian views, Hugh Hendry is an influential figure in today's market ma...

Jane Knodell, professor of economics at the University of Vermont and Author joins the show for a historical comparison between the previous bank runs & the banking turmoil of 2023. Knodell reflects on the development of the U.S banking system throughout history, the measures taken today to curb deposit flight and how the Federal Reserve ultimately became the lender of last resort. To hear all this and more, you'll have to tune in! — Follow Jane: https://twitter.com/JaneKnodell  Follow Jack Farley on Twitter https://rb.gy/uesguv  Follow Forward Guidance on Twitter https://rb.gy/cy0dki  Follow Blockworks on Twitter https://rb.gy/igyzsj  --  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw  Market commentary, charts, degen trade ideas, governance updates, token performance, can't-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos — Referenced In The Show: Making a Central Bank Out of the Federal Reserve: A Historical Perspective on Wartime Amendments to the Federal Reserve Act: https://www.researchgate.net/publication/368342410_Making_a_Central_Bank_Out_of_the_Federal_Reserve_A_Historical_Perspective_on_Wartime_Amendments_to_the_Federal_Reserve_Act  Fighting Financial Crises Learning from the Past Gary B. Gorton and Ellis W. Tallman: https://press.uchicago.edu/ucp/books/book/chicago/F/bo26527334.html — Timestamps: (00:00) Intro (00:19) Historial Comparisons To 2023's Banking Turmoil (02:37) The Difference Between Solvency & Liquidty In A Bank Run (07:17) Making a Central Bank Out of the Federal Reserve (11:42) The Role of Gold In The Federal Reserve's History (17:00) Why Did Gold Flee To The Fed In 1917? (22:57) Permissionless ad (24:00) The Federal Reserve: The Lender Of Last Resot (29:51) How Has The Banking System Developed Throughout U.S History? (35:21) The Collapse Of Silicon Valley Bank (38:11) The Bank Term Funding Program (41:14) All Roads Lead Back To Congress (46:50) Learning From The Lesson's Of The Great Depression (55:37) The Looming Debt Ceiling (58:19) Blockworks Research (59:20) The Trillion Dollar Coin — Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Inflation is blamed on everything from foreign countries and corporate greed to wage increases. Others blame billionaires for not paying their fair share. Consider what would happen though if all of Bill Gate's money - $114 billion - was taken away… this would NOT even pay for the Ukrainian price tag, and its ridiculous. Few mention or realize though that since 2020 more than $6.5 trillion has been injected into the economy. From pandemic stimulus ($5 trillion) to the Inflation Reduction Act ($1.2), and hundreds of billions to Ukraine alone, these are the real cause of inflation. Then there is lack of faith in U.S. investments and currency, not to mention years of forced business closures and government handouts. Despite 40-year-high-inflation, the Bureau of Economic Analysis found that Corporate profits for 2021 were 37% higher with taxes factored in than at any point since those numbers were first tracked in 1948. Profits remained as high in 2022. Oil companies in particular made record profits in 2022 and in 2023 egg producers are also making record profits. Meanwhile, members of Congress constantly talk about ‘raising the debt ceiling' to pay for the functioning of government. What they don't say or don't understand is that with the creation of even more money to pay these bills, i.e. inflation, will force the average person to pay a tax through higher prices, since the value/purchasing power of the current declines. All the calls for Billionaire to pay more neglect to take the Federal Reserve Act model into consideration; it was actually Bill Gates who lobbied Congress to pass the IRA, even though it was billed as making the wealthy pay more. It's no different than bankers opposing the FRA. These talking points, as with ESG scores for corporations, provide the ultra-wealthy and powerful with moral licensing to continue real exploitation in the name of fairness and equality. In essence, businesses and banks are colluding with government - fascism - to create artificial and organic scarcity in order to consolidate wealth and power. Real capitalism apparently has never been tried.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5328407/advertisement

Hour 1 * Alexander Soros, Son of George Soros Has Been A Frequent Visitor to The White House, Appearing At Least 14 Times According to the NYPost! * Guest: George Rodriguez, Conservative, American of Mexican descent, bi-lingual political commentator and political writer, Host of The El Conservador Show. * El Conservador – A constitutional conservative Texan of Mexican descent, who loves to confront and expose liberals, fake news, and racist minorities. * A lifelong Texan, San Antonio based activist George Rodriguez has always practiced what he preaches – engagement at the local level. * Guest: Sid Miller, Texas Commissioner of Agriculture – TexasAgriculture.gov * Mr. Miller Is a farmer, a champion rodeo rider, a Christian, and a lifelong Texan. * The Effort To Undermine Our Sovereignty By Our Own Government! * The Reality of The Border Crisis! * Impact On Our Food Supply, Largest Food Supplier Owned By Chinese. * What Is The Top Threat facing The American People And Our Way Of Life? * School Shootings, Efforts to have armed staff in schools! * It's All About Spiritual Warfare! * As faith has declined for Gen Z, so has mental health, as recent studies found that Gen Z reports the highest level of mental illness and suicidal ideation compared to other generations. * In 2022, a study revealed that 42% of Gen Z reported being diagnosed with a mental illness and 70% said that their mental health has gotten worse since the start of the COVID-19 pandemic. * Why do Americans seem to all have a therapist? * Defund the police encounters resistance as violent crime spikes! Hour 2 * Three GOP Reps. Introduce Gold Standard Bill to Stabilize the Dollar's Value – ‘No longer would American families, businesses, and the economy as a whole be at the mercy of the Federal Reserve and reckless Washington spenders…' – HeadlineUSA.com * Reps. Alex Mooney, Andy Biggs and Paul Gosar, introduced H.R. 2435, the Gold Standard Restoration Act, to facilitate the repegging of the volatile Federal Reserve note to a fixed weight of gold bullion. * Upon passage of H.R. 2435, the US Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be formally repegged to a fixed weight of gold at its then-market price. * H.R. 2435 points out: “The Federal Reserve note has lost more than 40% of its purchasing power since 2000, and 97% of its purchasing power since the passage of the Federal Reserve Act in 1913.” * That's why H.R. 2435 also requires the Fed and the Treasury to disclose “all records pertaining to redemptions and transfers of United States gold in the 10 years preceding the temporary suspension in August 15, 1971, of gold redeemability obligations.” * Twitter last week decided to label NPR as “state-affiliated media” but swiftly received backlash online for the decision. * “State-affiliated media is defined as outlets where the state exercises control over editorial content through financial resources, direct or indirect political pressures, and/or control over production and distribution,” Twitter's rules and policies show. * NPR has said less than 1% of its funding comes from federal sources. * In an apparent to clarify its policies yet again, Twitter changed its label for NPR for the third time. It now reads, “Government-Funded Media.” * JPMORGAN Dimon says storm clouds ahead for economy. * Trifecta of inflation, recession, and banking insolvency leading to a ‘doom loop' – NaturalNews.com * Walmart converting 65% of its stores to “automation” – human employees will be let go – Ethan Huff. * IRS Rolls Out Plan to Revise Tax Collection – Alan Rappeport, The 10-year strategy document outlines a focus on improving customer service and cracking down on tax evasion by corporations and the wealthy. * Tech Leaders including Elon Musk Urge a Pause in A.I., Citing ‘Profound Risks to Society'. --- Support this podcast: https://podcasters.spotify.com/pod/show/loving-liberty/support

On today's show we are going back to 1910. These were the origins of the formation of the Federal Reserve during a secretive meeting on Jekyll Island off the coast of Georgia.  Leading up to the fateful meetings that took place over nine days, there had been a series of runs on banks and financial panics in 1873, 1884, 1893 and 1907. These banking panics over the preceding decades had caused the outright failure of 1748 banks. The Federal Reserve Act of 1913 was a direct outcome of this clandestine meeting on Jekyll Island. The Federal Reserve was created to protect the banking system. It is owned by the member banks, not the US government. The Federal Reserve Banks that make up the Fed are not banks either in the traditional sense. I have been thinking, long and hard about whether the Federal Reserve has been mistaken in their interest-rate policy. After all, it is a bold statement for some Podcaster located in Canada to declare in unequivocal terms that the Federal Reserve with its hundreds of PhD‘s is utterly and completely incompetent.  All it takes is a few minutes of the most basic Internet research to realize that the banking system in the United States is backed into a corner from which it is virtually impossible to see away out. That is, unless the Federal Reserve makes a choice between raising interest rates to fight inflation or lowering interest rates to save the banking system. I I am completely convinced that this is the choice facing the Federal Reserve.  ------------ Host: Victor Menasce email: podcast@victorjm.com

* Three GOP Reps. Introduce Gold Standard Bill to Stabilize the Dollar's Value - 'No longer would American families, businesses, and the economy as a whole be at the mercy of the Federal Reserve and reckless Washington spenders...' - HeadlineUSA.com * Reps. Alex Mooney, Andy Biggs and Paul Gosar, introduced H.R. 2435, the Gold Standard Restoration Act, to facilitate the repegging of the volatile Federal Reserve note to a fixed weight of gold bullion. * Upon passage of H.R. 2435, the US Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be formally repegged to a fixed weight of gold at its then-market price. * H.R. 2435 points out: “The Federal Reserve note has lost more than 40% of its purchasing power since 2000, and 97% of its purchasing power since the passage of the Federal Reserve Act in 1913.” * That's why H.R. 2435 also requires the Fed and the Treasury to disclose “all records pertaining to redemptions and transfers of United States gold in the 10 years preceding the temporary suspension in August 15, 1971, of gold redeemability obligations.” * Twitter last week decided to label NPR as "state-affiliated media" but swiftly received backlash online for the decision. * "State-affiliated media is defined as outlets where the state exercises control over editorial content through financial resources, direct or indirect political pressures, and/or control over production and distribution," Twitter's rules and policies show. * NPR has said less than 1% of its funding comes from federal sources. * In an apparent to clarify its policies yet again, Twitter changed its label for NPR for the third time. It now reads, "Government-Funded Media." * JPMORGAN Dimon says storm clouds ahead for economy. * Trifecta of inflation, recession, and banking insolvency leading to a ‘doom loop' - NaturalNews.com * Walmart converting 65% of its stores to “automation” – human employees will be let go - Ethan Huff. * IRS Rolls Out Plan to Revise Tax Collection - Alan Rappeport, The 10-year strategy document outlines a focus on improving customer service and cracking down on tax evasion by corporations and the wealthy. * Tech Leaders including Elon Musk Urge a Pause in A.I., Citing 'Profound Risks to Society'.

Welcome to the Adams Archive, where the unspoken truths of society are uncovered and explored with passion and precision. Host Austin Adams dives deep into controversial topics that will make you question the very fabric of our world. In this groundbreaking episode, Austin investigates the American banking system and its unnerving implications for the future of the nation. Delve into the intricacies of fractional banking and discover how this seemingly innocuous concept has evolved into a far more sinister reality. Austin takes listeners on an intellectual journey that starts with the collapse of Silicon Valley Bank and leads to an examination of the Federal Reserve. With the aid of Edward Griffin's "The Creature from Jekyll Island," the podcast unravels the complex history and mechanisms behind modern banking practices that affect every aspect of our lives. As Austin navigates this labyrinth of information, he pursues an interview with Griffin himself to provide even greater insight into the hidden world of banking. If you're ready for a mind-blowing exploration of the financial system and its consequences, join Austin Adams in the Adams Archive for this eye-opening episode. Subscribe, leave a five-star review, and share your thoughts on this crucial issue. Find additional resources, articles, and videos at austinadams.subs.com, and prepare to have your perspective transformed. The Adams Archive is more than just a podcast; it's an invitation to challenge the status quo and uncover the astonishing truth about the world around us. Join the substack, follow our social media and more at https://linktr.ee/theaustinjadams   Full Transcription:  Hello, you bu to full people. My name is Austin Adams, and welcome to the Adams Archive. Today's episode is going to absolutely blow your mind. I have been diving deep into this topic over the past several, several days, and I can tell you I have never been more concerned for the future of America as I am now. Now, this is not about trafficking. This is not about politicians. This is not about, this is about the American banking system. Okay? Now, that may not sound very enticing to you, but once we get into this topic to the depths that we are going to today, You're gonna realize what I'm talking about. Okay. Now, what prompted this for me was looking into the Silicon Valley Bank collapsing. Okay? Now, that prompted me to figure out what the hell fractional banking is Figuring out fractional banking led me to realize that that is no longer the concept that we operate off of. No matter how scary fractional banking itself is, what we have today is even worse. Now. That drove me down a rabbit hole to figure out how we got to a point where fractional banking was even possible, which led me to learn all about the Federal Reserve, to learn about the Federal Reserve. There was a book that was written, and we will go over some of the highlights called The Creature from Jekyll Island. . Okay, now, that book beautifully written, um, there's some really good, uh, really, really good, uh, lectures online by, uh, Edward Griffin, and I'm gonna see if I can get him on the podcast. I messaged him today to see if, uh, maybe he can come on here and explain these things a little bit better than I can. But he's very, very brilliant. You should go listen to these lectures. They'll be included in the ck All right. If you're not in the CK already, go to austin adams.subs.com. You can sign up, you'll get all the articles, all the videos, all of the ish that we are talking about here today. All right. So without further a. Well maybe wanna do subscribe? , leave a five star review. All right. Tell me what you like about the podcast. Tell me what you learned about, uh, fractional banking, which again, doesn't sound very enticing, but promise you after you figure out everything that I figured out, your mind's gonna be blown. All right, so without further ado, let's jump into. The Adams Archive, the very first subject to today's podcast is going to be on the collapse of S V B. Okay, now, SVB is the Silicon Valley Bank. Silicon Valley Bank, obviously located in Silicon Valley, basically sent shockwaves through the entire tech industry. And that was right about a week ago, right? A few, not even a few days ago. All right. Through Wall Street, through Washington, everybody was shocked by what happens. Regulators have since shut down the bank to prevent a crisis in the broader banking system. Just days after another bank, signature bank was abruptly closed as well. Silicon Valley Bank, which provided banking services to nearly half of the country's venture capital backed technology and life science companies made this very the same mistake as many other banks. It invested most of its deposits in long-term debt like treasury bonds, promising steady, modest returns. However, the strategy proved shortsighted when the Federal Reserve looking to combat rapid inflation, started raising interest rates, making these once safe investments, far less attractive. All right. Silicon Valley Bank was also el uh, uniquely vulnerable due to its business being concentrated in the tech industry, which was experiencing a rapid decline in startup funding. As a result, its clients started to withdraw their money, and once some people started drawing their money, other people started withdrawing their money causing what they call a bank run. All right, now a bank run, so you have some terminology behind this. A bank run is basically when everybody starts to go line up outside of the banks, asking banks to give them the very money that they worked so hard for, the very money that they sweat bled, worked their asses off weekends over time to feed their children. Okay? And we'll learn about that fractional banking, which some of this has already alluded to already, which is terrifying, like I said. Okay, so now the collapse of Silicon Bank is the largest, since the 2008 financial crisis, the very largest bank to do so since. , which again, is only gonna get worse as people realize that our banking system is built on a house of cards. Just a little whistle in the wind will cause our entire financial system to collapse. All right, we're gonna talk about today some things like what is money, right? Why is it even hold value? Which is probably the most fundamental question that has one of the most concerning answers. Um, as you've noticed recently, I've been using the AI chatbot chat. G p T pretty consistently came out with their fourth generation of it today. Um, it's pretty incredible technology, but it helped me along the way doing some of these calculations to actually figure out what it would cause for the American financial system to collapse. And that's some of the things that we're gonna discuss here today. I'll go through those calculations with you. All right. It highlights the dangers of fractional reserve banking. When banks invest most of their deposits, they create more money than they hold in reserves, leading to a precarious situation where a loss of faith in the bank can trigger a run on deposits. In such cases, the bank makes gains privately, but losses are socially distributed. That's what you have to realize about this. When a bank is doing well, they profit ungodly amounts of money. When things aren't going well for a bank, you know who foots the bill? You and me, the American public foots the bill when they get bailed out by our government. So things are going great. They profit, you'll make a dollar. Well, maybe you make, you know, 2 cents off of every a hundred dollars that you have in your bank account based on interest. But when things are going great for the banks, they're not coming to you to pay you out dividends, right? But when things are going horribly bad,  and the government decides to bail them out. You know who pays that bill? And we don't even really pay it. And that's what I've realized from learning all of this. We don't even really pay it. We pay it through inflation. We pay it through the fictitious magical creation of money, which has no value unless we decide that it does again, which we'll talk about in a minute. So fractional Reserve banking to me is theft. It is a entity taking your money and putting it in as many places as possible so that they can continue to make money. They can give out loans with it. They can do all of these things, but the second you come ask for your money, while you and maybe your neighbor and a few other people at the same time, they don't have it. Cuz it's often these fictitious little places that they're hoping to make interest based on the fact that you're never gonna come ask them for it. At the same time. Right before the Great Depression, the US dollar was backed by gold. That ensured that the money in the economy was backed by something physical, something tangible, right? When something is backed by something, a commodity like gold or silver, right? Or even Bitcoin, right? If you understand how this works, right, the, the way that gold is created, gold is a, gold is a specific element that is created. And forgive me, I'm not a damn science teacher over here. Got a beer in my Yeti. So the way that gold is created is the earth puts together certain amounts of carbon. And when you get the perfect alignment of these, these elements, right? It creates what we know today is gold, right? Not fool's gold. Not all these other renditions of this potential possibility, but actual physical gold as we know it today, is a specific type of gold. Okay. Now that gold is minted, right? The, the earth had to have all of these situations happen simultaneously and in the proper way perfectly to cause gold to be created and to be in your hand the way that it can be today. Okay? That's what happens, right? The, the, the earth has a mathematical equation of circumstances and pressure and whatever the hell else it is, and then gold is physically created and minted by the earth. Okay? Something like, think of it, if you know anything about cryptocurrency, think of it like Bitcoin, right? Bitcoin ha has a computer that is working nonstop to create a bunch of algorithms and calculations to try to decrypt a or or mine a Bitcoin, the same way you mine gold. And eventually, after so many algorithms, so many computers are working to do this, one unlocks a Bitcoin and that creates scarcity. There's only a certain amount of bitcoins that are being created on a general basis. There's only a certain amount of gold that is being. By the earth at any given time, that scarcity gives it value, right? So during the Great Depression, our money was backed by gold. After the depression, the US abandoned the gold standard and became a fiat system. Okay? Fiat currency is not backed by anything at all. No assets, no commodities, right? And the fact that Silicon Valley Bank had basically uninsured depositors highlights the need for money to be backed by something physical like gold. And that ensures that depositors money is protected. It is being held physically somewhere to show that that piece of paper that you have is attached to a certain amount of, of physical minted developed by the earth gold or even Bitcoin, right? It has some sort of, of, of, uh, built-in scarcity.  that drives value, right? There's not, there's not an unlimited amount that can be created at the whim of any American who wants to profit based off the central banking system, which again, we'll learn more about in a minute. We're gonna learn a lot today. Um, the collapse of Silicon Valley Bank and Signature Bank underscores the need for tighter banking regulations, right? We've seen several, several things that have happened, right? Like, um, some regulations that were rolled back in 2018 under Donald Trump, right? Some banking experts believed that Dodd-Frank Financial regulatory package intended to prevent such collapses and could have stopped this bank from handling its interest rate risks, um, had it not been rolled back, which is some opinions, but the bigger problem, the biggest issue. When we talk about fractional banking, which again, I'll pull up here. Let, I'll, I'll talk you through it. Lemme just go through this article with you. The collapse of these banks that says has prompted a swift reevaluation of the Fed's interest rate increases. On Monday. Smaller banks rushed to en reassure customers that they were on firmer financial footing, but shares of US regional banks plummeted. The b W Bank Index, which tracks the performance of 24 major banks, fell 10%, erasing nearly 200 billion of value of the banks. In the index, it says, the collapse of Silicon Valley Bank in Signature Bank highlights the dangers of fractional reserve banking and the need for money to be backed by something physical. The follow of these collapses underscores the need for tighter banking regulations to prevent such collapses and ensure the stability of the financial system. Okay, let's talk about it. What is fractional banking? Okay. Fractional banking was the cause of what happened with svb. Right. What is fractional banking? Fractional banking is the idea that if you deposit a hundred dollars into a bank, the bank can take $90 of that 100. Hold onto the remaining 10, which was the standard prior to 2020. The standard prior to 2020 was that the banking system had to hold 10% of the overall val value in reserves. Now, that changed, but even with 10%, think of it this way, if you handed the, gave the bank 10 a hundred dollars, right? Let's say 10 people gave the bank a hundred dollars, right? They gave out 900 of that thousand dollars. Of the 10 people's a hundred dollars, which leaves them with one $100 bill. The other 900 they gave away to other people in the hopes of making interest in the future. So when two people, just two people go to the bank at the same time and say, I want my a hundred dollars. give me all of my $100 that I gave you. That is $200 that they're asking for. One of those people is not getting any of their money, or at least both of them are getting half of it. They don't have it. They don't even have it for two people, let alone the full 10 people that gave 'em a hundred dollars. Right? If just two people went and asked the bank for this money back, they would not be able to do it, right? 20% in this case. Now what we realize, it is far, far worse than that. In the real world scenario. What we realize, excuse me. What we realized is that in 2020 it was changed from 10%. Just 10% of the money in your banks had to be held onto by the, by the reserves, by the bank, just 10%. In 2020. During Covid, they changed that percentage. To 0%. None of it did they have to hold onto none of it in reserves. 0%. Not 1%, not 2%. 0% of your money has to be held by the bank in reserves. 0%. That is astonishing. There is no federal regulations at all now that say that the bank has to hold any of your money for withdraws. Right. What they are dependent on is if everything collapses, then the F D I C, the Federal Something Insurance Commission, will basically has insured each each value of each customer up to $250,000, which again, we'll find out, is a complete farce. What a terrible word. Farce is a terrible word. It's like, I don't even like to say it. It's like saying fart farce. I don't know. Anyways, FARs is a complete, FARs is bullshit. There's nothing there for you to take in. So, so when two of those people in that scenario that I gave you, go to the bank and ask for their money back, and somebody's going to walk away with no money, so, so one person gets their a hundred dollars out, the second person goes and asks for 10 of it, just 10 of it. Now that person realizes that the bank does not have their money. They start talking to their friends, you know who their friends are. The other eight people in this scenario who gave the bank a hundred dollars. Now you have all other eight people, nine people in total going to the bank saying, I want my money back. But the bank has none of it. They don't have to hold onto any of it. And the scenario is actually far worse than that in today's world. After 2020 and that legislation changed. The scenario is now anybody goes to the bank and starts to ask them for that money back. They don't have to hold onto any of it. That my friends is fractional banking. And it scares the shit outta me, and it's not even fractional anymore. There's no fraction. The fraction's gone. It's fictitious banking. That's what it is. It's no longer even fractional, which was horrible. It's far, far worse. Okay. Do you wanna know how fragile our entire banking system is here in the United States? Here is the most terrifying thing that you will hear today. Okay. Chat, G P t concluded that if 2% of Americans, 2% of Americans decided to withdraw their money from the bank, at the same time, it could have a high potential of causing a collapse of the entire banking system that as we know it today, the entire banking system as we know it today, just 2%, two out of a hundred people, two out of a hundred people went to their bank right now. This concluded and calculated. The entire banking system could collapse. So again, it's far worse than that scenario that I gave you and let me walk you through how it got to that. Okay. Chat. G p T said we can try to make a rough estimation based on some data points. Okay. Now I had to do some finagling to give, actually give me this cuz I didn't wanna gimme this answer. It says, first it's essential to understand that the reserve requirement being 0% means that banks are not required to hold a specific percentage of their deposits as reserved. However, it doesn't mean the banks hold no reserves at all, right? They still maintain some reserves. Doesn't give you an amount cause it can't, to manage day-to-day transactions and withdrawals day to day, not week to week, not month to month, day-to-day. The amount of their reserves varies by bank. It depends on the bank size, number of clients, and other factors. To estimate the percentage of people required to cause a nationwide banking collapse, we need to consider the amount of money held in deposits and the amount of reserves held by banks. According to the Federal Reserve, as of September, 2021, the total amount of money in the deposits in the US banks was around 17 trillion. Okay. Assuming that these banks still maintain some reserves, assuming that they maintain some reserves, it says, let's calculate, based on 2% of their deposits are held as reserves. This would amount to approximately 342 billion in reserves. If depositors were to withdraw their money in such a way that bank reserves were insufficient to cover the withdrawals, it could potentially trigger a banking collapse, right? That's the other eight people, nine people going to the bank and saying, I want my money, because the other, the second person went there to ask for it, and it wasn't there to find the percentage of people who would neither withdraw their funds to cause a banking collapse. We can use the following formula. Reserves divided by deposits times 100 equals the percentage of people. Okay, so we take that 342 billion, right of the 2% seven. Divide that by the 17.1 trillion. Multiply that by 100, it gives you 2%. It says, based on this rough estimation, if around 2% of people in the United States simultaneously withdrew their their money from the banks, it could potentially cause a nationwide banking collapse. Says, however, this is a highly simplified calculation. Does not take into account many factors such as the variation in reserve levels among the banks, the distribution of deposits, and the possibility of banks borrowing money from other sources to cover withdrawals. Additionally, the Federal Reserve Act as a lender of last resort and can provide emergency funds to banks facing a liquidity prices which could prevent a collapse. Okay? Now what it goes on to say is that in summary, it's difficult to provide a precise percentage of people required to cause a nationwide banking collapse due to 0% fractional reserve requirements. However, based on this rough estimation of 2% of people with through their funds, it could cause a banking crisis. Um, it says that reme to remember that the Federal Reserve could intervene to prevent a collapse. Oh, don't, don't worry about anything. The Federal Reserve is here to save you. It's not gonna collapse when the Federal Reserve is here. What is the government's got our back. Hmm. Is the Federal Reserve a part of the government? No, it is not. It's a mixture being overseen in some way, shape, or form by Congress. But we even find out that that's not true. But it was, and you can read all about this in the Creature from JE Island, but we're gonna get into it now. Okay. The Federal Reserve has absolutely nothing, was not founded by the government. You want to know who the, the Federal Reserve was founded by? The Federal Reserve was founded by bankers, the very bankers that you know the name of, and you can probably take a guess as to who people from the Rockefeller family. Aldrich family, JP Morgan Chase. Seven men secretly met on an island in Georgia, concealing their identities, changing their names. They met on a private train cart to discuss how they were going to essentially take over the world's banking systems, starting with the United States. These seven men's wealth, seven men's wealth equated to one fourth of the Total World's wealth at the time, and all they wanted to do was figure out how they could take over the other three fourths. It's pretty simple. When you get seven guys in the room, why wouldn't you do that? Right? So let's unmask the architects of the Federal Reserve. And talk about why every single American should be outraged at this historical account. And here it is. As you go about your daily life, there's a creature lurking behind the scenes polling the strings of our economy. This seemingly innocuous entity is none other than the Federal Reserve and its origin story is as chilling as any horror tale when you realize the truth In the eye-opening book, the Creature from Jekyll Island by Edward Griffin, it unveils the clandestine beginnings of the Fed in the dangers it poses to our society. The secret birth of the Federal Reserve in 1910, a group of influential bankers in 1910 and politicians gathered in secrecy on JE Island in Georgia to hatch a plan that would forever change the course of American history. Their mission. To create a centralized banking system that would benefit their own, their own interests, while consolidating power and control over the nation's finances. This figurative meeting laid the groundwork for the creation of the Federal Reserve. In 1913, our entire structural financial system was built less than 111 years ago. An institution that now, now holds immense power and sway over our economy basically dictates all of it. The key architects or the Federal Reserve were no ordinary individuals. They were powerful cabal of bankers and politicians, including Paul Warberg, Nelson Aldrich, JP Morgan, among others. Their goal was to establish a banking cartel that would protect their interests while simultaneously controlling the country's monetary policy. By doing so, they could manipulate the economy to their advantage. Profiting from booms and bus while leaving ordinary Americans to bear the consequences. The Federal Reserve's very existence poses a threat to our society. Its power to  create money out of thin air and manipulate interest rates, allows it to control the value of our currency, often leading to inflation and devaluation. Moreover, the Fed's unelected the Fed's unelected officials operate with minimal transparency, making decisions that affect millions and millions of people without any public oversight whatsoever. Furthermore, the Federal Reserve's ability to bail out large financial institutions in times of crisis promotes moral hazard. Big banks take on excessive risks knowing that the Federal Reserve will rescue them if things go south, which is exactly what we saw happened with S V B. This reckless. This reckless behavior can lead to financial crisises with ordinary citizens left to foot the bill, which is exactly what I talked about earlier, right? When they can create money out of thin air, it's not out of thin air, it's out of future comfortability for the American people. It causes inflation, and that's where we're gonna see the result when they created trillions of dollars during covid so that they could pay people not to work, so they could shut down the economy for their own agenda to cause you to get vaccinated so Pfizer could profit off of it. Now, the Federal Reserve born from a secretive gathering of powerful elites wields enormous power over our economy. Its actions can lead to inflation, devaluation, financial crisises, all while operating with minimal transparency. It says, as Americans, we must be aware of the Fed's origins and inherent risk opposes to our society. We should demand greater transparency, oversight, de, and democratic control over this powerful institution. It's time for us to stand up and fight against the creature that has taken a hold of our economy before it's too late. And I personally believe that it might already be too late. Okay. It is so crazy to see how this came together and what, what this entire financial system is built on. Like I said, it's a house of cards. Okay. Let's go ahead and let's watch a little bit of this clip. And this is by the author  

In 1913, several important events took place that impacted the US federal government. The Federal Reserve System was created through the Federal Reserve Act. The 16th Amendment was ratified, which authorized the federal government to impose and collect income tax.  The 17th Amendment provided for the direct election of US senators by the citizens of each state. Before this, senators were chosen by the legislature. Mike Winther dives into how the direct election of senators affects us, our country, and the constitution's original intent.   You'll Learn: [01:21] How our system was designed originally. Each state gets two senators who are chosen by the legislature for a term of six years. Each Senator gets one vote. [02:58] The executive branch, the legislative branch, and the judicial branch. The legislative branch is broken into two subgroups of the house and the Senate. [03:25] The president is appointed through the electoral college who were chosen by state legislatures. The Senate was appointed by the state legislature. The house was elected by the people. The Supreme Court Justices were appointed. [04:35] The founding fathers wanted the Senate appointed by the states because that's who they represented. The federal government was created by the state governments. [05:46] The states wanted control over the federal government by appointing the electors that appointed the executive branch. They also appointed the senators for two levels of veto.  [08:12] The 17th amendment allows the people to elect the senators.  [08:56] There are four reasons why the states wanted this change. 1. There was a lot of inefficiency in the state legislature. 2. Corruption. 3. The blatant use of money. 4. There was a change in the American mindset and a push for democracy. [12:30] The different forms of government. The four main governments are monarchy, oligarchy, democracy, and a republic. [21:07] Democracy tends to evolve towards oligarchy, and people vote to give more and more power to the government. [23:39] In a republic, power is determined by the law. The people elected are supposed to enforce the law. [26:35] Dictators often use anarchy to remove the government and become the ones in charge. [29:58] The founding fathers intentionally tried to mix the forms of government. [31:19] By changing how the senate is chosen, we begin to mix the forms of power. [37:16] Nullification is the constitutional theory that individual states can invalidate federal laws or judicial decisions they deem unconstitutional.  [45:27] The First Bank of the United States and the Second Bank of the United States were previous attempts at creating a Federal Reserve. [48:02] Mike tells an interesting historical story about how the states taxed the Bank of the United States using force.  [51:45] The ultimate interpreter of the constitution was intended to be the states. [52:43] The constitution allows appropriation of funds for the Navy but limits appropriation of funds for the Army.   Your Resources: Books to browse Five Principles By Michael Winther Nullification

Bigg Bump cohosts: MLK hated capitalism at 21! Banks took over the USA! Moon landing: Real or fake? Marcus Chenault: the black Dylann Roof!0:00:00 Mon, Jan 16, 2023 AD w/ Bigg Bump0:01:56 Hey, guys! T-shirt / Sweatshirt0:04:21 Bigg Bump on MLK: communist at 210:12:26 Federal Reserve, bankers0:25:37 Jesus vs. the den of thieves0:31:57 Bankers, "civil rights," slap in the face0:42:38 Supers: Hake's shirt story, nose breathing0:44:36 Super w/ Hassan: Moon landing, real or fake?0:54:00 WILLIAM, CA: MLK, Maze, lib leaders, J6, 1A1:01:31 "Let's Go Brandon" - DRNRYZ1, CarlosRossiMC, Bigg Bump1:05:37 Comments on the music1:07:12 Supers: Hassan BASED! FDIC1:08:24 THOMAS, OK: Rap, Nixon, Moon phone call1:19:40 DENNY, BULGARIA: Forced integration1:30:34 RON, TN: Marcus Garvey vs Civil Rights, rambling1:43:46 Marcus Chenault, the black Dylann Roof, killed MLK's mom1:54:50 Wells Fargo focus: Lending to "minorities"1:58:01 Follow BiggBump on Twitter, YouTube, IG, SoundCloud…1:58:42 "Little Miss Sunshine" - Bigg Bump feat. Z MUSIC:  Let's Go Brandon (Official Lyric Video) - by DANRYZ1 x CarlosRossiMC x Bigg Bump #LetsGoBrandon (Nov 2021)  //  Little Miss Sunshine - Bigg Bump ft Z (Little Miss Sunshine) (2014)  //  Watch Clip (41-min) YouTube | BitChute | MLK Early Life, Federal Reserve Act, Confederate Flag BLOG https://www.thehakereport.com/blog/2023/1/16/mlk-day-hake-with-bigg-bump-mon-1-16-23 ALSO ON SUBSTACK / PODCASTThe Hake Report LIVE M-F 9-11 AM PT (12-2 ET) Call-in 1-888-775-3773 thehakereport.com VIDEO  YouTube  |  Rumble*  |  Facebook  |  Twitter  |  Odysee*  |  DLive  ||  BitChute  PODCAST  Apple  |  Spotify  |  Castbox  |  Podcast Addict  |  Pocket Casts  ||  Substack  *SUPERS  Streamlabs  ||  SUPPORT  Substack  |  SubscribeStar  |  Locals  ||  Teespring  SEE ALSO  Hake News on The JLP Show  |  Appearances on other shows   Get full access to The Hake Report at thehakereport.substack.com/subscribe

IN THIS EPISODE… Is the American political system really a democracy?  Then why do we say in our pledge of allegiance “Republic”?  So many Americans are confused about our political system.    Listen as Glen and Dennis straighten out three key misunderstandings.  Plus - the titanic narrative may not be what you may think.  Timestamp   :15 I could die 1:02 Supreme Court Update 1:46Jan 6 2023 2:26 Elon Musk and Twitter Files 4:27 Research the Election data 5:17 Supreme Court watching twitter files? 5:57 2020 Fraud? Concession 7:21 Are we a democracy? 8:15 Pledge of allegiance 9:05 We are a Constitutional Federal Republic 11:28 The last socialist republic was…   12:50 In Democracy, does majority rules? 14:14 The difference between democracy and Republic 15:22 media on ‘democracy'…why? 18:10 Disney owns everything (almost) 20:20 Polls and opinion 22:08 Separation of Church and State? 23:15 Is it in the constitution?  25:15 King Henry 8th saga - St. Thomas More 28:11 freedom of religion 30:06 just an opinion 30:30 paper money?  Nope 31:31 Why using paper money?  Titanic!  33:32 Federal Reserve Act 34:20 Who owns the Federal Reserve? 38:20 dollar as basic unit  40:18 JP Morgan 42:23 Prediction 45:00 Brazil election stolen! 45:45 The Take Away    FDR and gold standard:  https://www.federalreservehistory.org/essays/roosevelts-gold-program Find Glen at:   https://www.glengauer.com or  https://www.mission-blueprint.org   Facebook: https://www.facebook.com/missionblueprint Instagram: https://www.instagram.com/missionblueprint/   Donate today -  https://mission-blueprint.kindful.com

Hour 1 * Guest: Bryan Rust, Over the past 50 years, Rust Coins has been working to educate customers about precious metals – RustCoinAndGift.com * Honest Money Report: Gold: $1659.70 Silver: $19.57. * JPMorgan's Jamie Dimon Says There's a Much Bigger Worry Than Recession. * Chris Licht, the chairman of CNN, told employees in a memo that executives would take a hard look at spending across the business, signaling budget cuts and layoffs before the end of the year. * Meta Braces For Trouble As Its Profit Slumps 52% – Sales way down at FACEBOOK, stock tumbles. * Ford Motor Lost Money Last Quarter As Costs Soar – The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business. * A inverted yield curve between three-month and 10-year interest rates is considered by Wall Street as a reliable sign of an impending economic slump. * Is a Financial Reset' Coming in 2023? * Bill Introduced in Congress to Restore Gold Standard – Peter Rykowski, Legislation has been introduced in Congress to restore the gold standard — a major step toward adhering to the US Constitution and bringing back sound-money policies – TheNewAmerican.com * HR9157, titled the Gold Standard Restoration Act, is sponsored by US Rep. Alex Mooney Va If enacted, it would be a significant step to restoring sanity to US monetary policy. * In its list of legislative findings, the bill correctly notes that “The Federal Reserve note has lost more than 30% of its purchasing power since 2000, and 97% of its purchasing power since the passage of the Federal Reserve Act in 1913,” and it notes that under official Fed policy, “the dollar loses half of its purchasing power every 35 years.” * Emphasizing the need for “a stable dollar, fixed exchange rates, and money supply controlled by the market not the government,” HR9157 states that returning to the gold standard is necessary for monetary and fiscal sanity, along with limited government. It states, “The gold standard puts control of the money supply with the market instead of the Federal Reserve, discourages excessive deficit spending, and encourages the balancing of Federal budgets.” * Ultimately, Congress must completely abolish the Federal Reserve. However, HR9157 would be a great first step toward restoring adherence to the Constitution and sound monetary policy. * California: The Oakland Police Department Wants to Arm Robots with Shotguns! Hour 2 * Nielsen and Amazon Prime spar over football ratings – CBS News. * Facebook's massive fake numbers problem – Los Angeles Times – Facebook's own estimates suggest duplicate accounts represent approximately 11% of monthly active users while fake versions make up another 5% – Others claim the total is higher. * The social network claims 2.5bn monthly active users but almost 400m of the accounts are bogus! * Guest: Pete Sepp – President of National Tax Payers Union – (NTU) is the Voice of America's Taxpayers, mobilizing elected officials and citizens on behalf of tax relief and reform – NTU.org * NTU's 12th Annual “No Brainers” List: The Top 10 Bipartisan Bills for Taxpayers in 2022! * Biden's Build Back Better: breaks ground on $20M heated sidewalk! --- Support this podcast: https://anchor.fm/loving-liberty/support

* Guest: Bryan Rust, Over the past 50 years, Rust Coins has been working to educate customers about precious metals - RustCoinAndGift.com * Honest Money Report: Gold: $1659.70 Silver: $19.57. * JPMorgan's Jamie Dimon Says There's a Much Bigger Worry Than Recession. * Chris Licht, the chairman of CNN, told employees in a memo that executives would take a hard look at spending across the business, signaling budget cuts and layoffs before the end of the year. * Meta Braces For Trouble As Its Profit Slumps 52% - Sales way down at FACEBOOK, stock tumbles. * Ford Motor Lost Money Last Quarter As Costs Soar - The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business. * A inverted yield curve between three-month and 10-year interest rates is considered by Wall Street as a reliable sign of an impending economic slump. * Is a Financial Reset' Coming in 2023? * Bill Introduced in Congress to Restore Gold Standard - Peter Rykowski, Legislation has been introduced in Congress to restore the gold standard — a major step toward adhering to the US Constitution and bringing back sound-money policies - TheNewAmerican.com * HR9157, titled the Gold Standard Restoration Act, is sponsored by US Rep. Alex Mooney Va If enacted, it would be a significant step to restoring sanity to US monetary policy. * In its list of legislative findings, the bill correctly notes that “The Federal Reserve note has lost more than 30% of its purchasing power since 2000, and 97% of its purchasing power since the passage of the Federal Reserve Act in 1913,” and it notes that under official Fed policy, “the dollar loses half of its purchasing power every 35 years.” * Emphasizing the need for “a stable dollar, fixed exchange rates, and money supply controlled by the market not the government,” HR9157 states that returning to the gold standard is necessary for monetary and fiscal sanity, along with limited government. It states, “The gold standard puts control of the money supply with the market instead of the Federal Reserve, discourages excessive deficit spending, and encourages the balancing of Federal budgets.” * Ultimately, Congress must completely abolish the Federal Reserve. However, HR9157 would be a great first step toward restoring adherence to the Constitution and sound monetary policy. * California: The Oakland Police Department Wants to Arm Robots with Shotguns!

Steven Kelly is a senior research associate at the Yale Program on Financial Stability. Steven joins David on Macro Musings to discuss his work on financial stability and the role the Federal Reserve plays in it. Specifically, David and Steven discuss the Fed's evolving role in niche financial markets such as commodities and derivatives markets, what Section 13.3 of the Federal Reserve Act says about the Fed's basis to engage in financial markets, proposals to improve the Fed's Standing Repo Facility (SRF), the future of stablecoins and central bank digital currencies (CBDCs) in financial markets, and much more. Transcript for the episode can be found here.   Steven's Twitter: @StevenKelly49 Steven's Substack: Without Warning   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   The Reserve (podcast) hosted by Kaleb Nygaard   New Bagehot Project, Yale Program on Financial Stability (YPFS)   “The Fed As Derivatives Dealer of Last Resort?” by Steven Kelly   “Could the Fed Rescue Commodities Markets?” by Steven Kelly   “Improving the Standing Repo Facility” by Steven Kelly   “Unappropriated Dollars: The Fed's Ad Hoc Lending Facilities and the Rules that Govern Them” by Lev Menand   The Fed Unbound: Central Banking in a Time of Crisis by Lev Menand   “Larry Ball on the Lehman Brothers Collapse and Its Role in the Great Recession”, Macro Musings podcast episode (2018)

For today's episode, I talk about my take on Mr. Powell's speech at Jackson Hole, Wyoming. More pain ahead. Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help people become financially independent and help them earn better yields with less risk by investing Off Wall Street. Links and Resources from this Episode DISCLAIMER For resources and additional information of this episode go to http://engineeroffinance.com Connect with Ken Greene http://engineeroffinance.com Office 775-624-8839 https://www.linkedin.com/in/ken-greene https://business.facebook.com/GreeneFinance Speech by Chair Powell History Channel - Labor Day Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here Show Notes How Jerome Powell addresses inflation What the speech of Chair Powell is all about The Federal Reserve Act of 1913 and why it was created What needs to be done to reduce inflation Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Subscribe with Apple Podcasts Follow on Spotify Subscribe with Stitcher Subscribe with RSS

This is the first episode of a series we would like to continue where the three Founders of Eleusis Media Group, LLC give you access to our discussions that we usually have in privacy. On this week's episode Brandon, Cody, and Dimari sit down to discuss our government, our public leaders, IPOs, media takeovers, programming, identity politics, the Bible, Jesus Christ and more. THANK YOU •  PLEASE SUBSCRIBE • TURN ON NOTIFICATIONS • REVIEW • LIKE • SHARE Connect with Dimari Swanagain:Instagram: https://www.instagram.com/judahclanTwitter: https://www.twitter.com/judahclanWebsite: https://www.judahclan.comConnect with Cody Huelster:Instagram: https://www.instagram.com/c0dii_/Company:  http://www.easewebdev.comConnect with Brandon Rizzo:Instagram: https://www.instagram.com/rizzofeelsWebsite: https://www.rizzofeels.comSponsors:Black Swan Financial Group - www.BlackSwanFinancialGroup.comEase Web Development - www.easewebdev.comJennifer Catherine Photography - www.jennifercatherinephotography.comCopyright Eleusis Media Group, LLC, ALL RIGHTS RESERVED 2022 | www.eleusismediagroup.com | www.sidexsidepodcast.comInstagram | https://www.instagram.com/sidexsidepod/ Twitter|https://www.twitter.com/sidexsidepodTikTok | https://www.tiktok.com/@sidexsidepod@RIZZOfeels | https://www.instagram.com/rizzofeels/ | https://www.twitter.com/rizzofeels@JudahClan | https://www.judahclan.com | https://www.twitter.com/judahclanTag #SidexSidePodcast to join in on the conversation! Music by: Brandon RizzoChaptersPreview | 00:00Opening Title, Opening Statement | 1:11Disconnecting from Politics, Nancy Pelosi,  | 2:45Free Speech under Attack, Central Planners, Appointed not Elected | 5:45Programmable Beings, Great Reset, Gulag Gang, LGBTQIA+,  | 11:01Media Takeover,  Federal Reserve Act, Marxism, Bread Basket,  | 17:01Identity Politics, Smart vs. Intelligent, Changing Definition of Recession | 24:18They Lie, Two-Party System, Dangers of Ideology,  | 29:38The Bible, Churchianity vs Christianity, God is in Us, Closing Remarks | 34:45 

Gold has been a source of wealth for thousands of years and a safe haven in uncertain times, but with cryptocurrencies like Bitcoin coming onto the scene, is that about to change? Before we can answer that question, we need to understand the history of the US dollar and how gold has fared over the past 100 years to get an idea what the future may hold. Find out what makes Bitcoin so special and why it may be the gold of the 21st century. A growing number of people believe Bitcoin and other cryptocurrencies could soon replace gold as a safe haven against a depreciating dollar. Compared to the other cryptocurrencies, one of the unique features that sets Bitcoin apart is the fact that the total supply is structurally restricted to 21 million coins. This is a hard cap on the total amount of Bitcoins that will ever be in existence and is one of the reasons why so many investors are bullish on the future value of Bitcoin. Bitcoin has been often compared to gold. Gold has been used to store value during uncertain times for thousands of years. With mining on the decline and demand going up, it's safe to assume that prices will rise in the future. Whether you lean toward digital currencies or prefer gold, at the core of the debate is a universal distrust of government. In recent years, governments around the world have spent and printed fiat currency at an unprecedented level, the results of which remain to be seen. With gold, history has proven its viability, but historical events have impacted its price. After the Federal Reserve Act was implemented in 1913, the government wanted to increase the money supply and declared that the spot price of gold would increase by 69%. In ancient Rome, Caesar diluted and trimmed the gold coins used as currency in order to increase the overall supply of coins. In 1971, the government was facing another money supply shortage. With the US dollar still on the gold standard, their printing capabilities were restricted. Their answer was to leave the gold standard and convert to a fiat currency. Fiat currency is a currency that's not backed or pegged to any real world asset, and instead is backed by the printing country's credit worthiness. Gold has been on a rocky incline since. Gold seems to be inversely correlated to world events. When things are uncertain, gold rises as people look for a safe haven for their wealth, and in good times the price declines as people are more willing to put their money elsewhere. After 2001, the US experienced a series of drastic changes. 9/11, the tech bubble, and the 2008 financial crash all happened within an eight-year span and since then, the government has been printing money in an unprecedented fashion. In recent years, and as a result of tax cuts and deregulation, the markets rose by 56%. There have been many comparisons between the United States and the Roman Empire. The US is currently going down the same economic road Rome did before the collapse of the empire. There are rising tensions between the US and Russia, as well as China, that are creating conditions eerily similar to the Cold War. It's impossible to know for sure if Bitcoin will replace gold as the new safe haven for wealth. For diversified investors, the best answer may be to own both. Bitcoin and the blockchain technology have some advantages compared to gold, but it also comes with disadvantages. Bitcoin may be revolutionary in the near future, but it still relies on systems like electricity and the internet to function, whereas gold doesn't have those drawbacks. At this point, Bitcoin is too volatile to truly replace gold as a storage of wealth. One of the most important things to consider before buying gold, Bitcoin, or any other investments is really understanding and knowing your risk tolerance. Discover your exact risk tolerance score at skrobonjafinancialgroup.com/risk-tolerance.     Mentioned in this episode:  skrobonjafinancialgroup.com/risk-tolerance questionsforbrian.com

Technology is making things cheaper! Sources used: https://www.in2013dollars.com/us/inflation/1913?amount=1 https://en.wikipedia.org/wiki/Federal_Reserve_Act?wprov=sfti1 https://www.propertyshark.com/Real-Estate-Reports/2016/09/08/the-growth-of-urban-american-homes-in-the-last-100-years/ https://www.kbb.com/hyundai/accent/ --- Send in a voice message: https://anchor.fm/with-ross/message Support this podcast: https://anchor.fm/with-ross/support

On episode two of season 2, the guys go through big events in the first few years of the Federal Reserve system, how everyone interpreted the Federal Reserve Act, and what open market operations are. Questions? Comments? Concerns? Email us: brett.schafer.thomas@gmail.com We are not historians or economists and may get facts wrong from time to time, so don't hesitate to let us know if we do. Nothing on this show should be taken as advice or recommendation. Enjoy the show!

In this episode I talk about how the Federal Reserve was created in 1913. I talk about the events that lead up to it's creation and some of the effects of the Federal Reserve after it's creation. If you liked the episode, please leave a review and a 5 star rating! I'll really appreciate it! Thanks for listening!

Everything you need to know about the Fed! From the Everything You Need to Know about series, a series of ~10 min primers on different topics across the stock market, the economy, and crypto. According to Wikipedia: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. And here we are now! Notes here: https://horse-quart-a62.notion.site/F...

Episode 44 Eddie Van Halen has passed away at 65 to cancer “Ain't Talkin Bout Love” off the debut album Van Halen 1978 Gary cabral joins the show. Fall is here.. Happy October Breast cancer awareness month. Support your cause or the American cancer society. FaceBook go donate. Presidential debate in Cleveland Ohio on September 29th. October 2nd Tweeted : President gets Covid-19 Trump discharged from Walter Reed, returns to White House 3 days, 13 people have it. Clips: Pelosi Good morning clip, 25th Amendment Pence,Harris debate crime bill Clip: New York Union urges De Blasio to give up control of schools. City is on lock down again Clip: Andrew Coamo We are Not Liable. Dan Bongino has a tumor in his neck. New Book Follow the money. Go Vote! Who Owns the Federal Reserve? The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913. Give each other the space and we deserve. Anchor.FM/TheBobbyCoutoShow Www.TheBobbyCoutoShow.com Etsy.com/shop/TheBobbyCoutoShow "All Roads Lead Here" Bobby Couto --- Send in a voice message: https://anchor.fm/thebobbycoutoshow/message Support this podcast: https://anchor.fm/thebobbycoutoshow/support

Episode 44 Eddie Van Halen has passed away at 65 to cancer “Ain't Talkin Bout Love” off the debut album Van Halen 1978 Gary cabral joins the show. Fall is here.. Happy October Breast cancer awareness month. Support your cause or the American cancer society. FaceBook go donate. Presidential debate in Cleveland Ohio on September 29th. October 2nd Tweeted : President gets Covid-19 Trump discharged from Walter Reed, returns to White House 3 days, 13 people have it. Clips: Pelosi Good morning clip, 25th Amendment Pence,Harris debate crime bill Clip: New York Union urges De Blasio to give up control of schools. City is on lock down again Clip: Andrew Coamo We are Not Liable. Dan Bongino has a tumor in his neck. New Book Follow the money. Go Vote! Who Owns the Federal Reserve? The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913. Give each other the space and we deserve. Anchor.FM/TheBobbyCoutoShow Www.TheBobbyCoutoShow.com Etsy.com/shop/TheBobbyCoutoShow "All Roads Lead Here" Bobby Couto --- Send in a voice message: https://anchor.fm/thebobbycoutoshow/message Support this podcast: https://anchor.fm/thebobbycoutoshow/support

The Federal Reserve, the central banking system of the United States, was created in response to the Panic of 1907, a depression caused by a crisis in the country's banks. Signed into law by President Woodrow Wilson, the 1913 Federal Reserve Act established twelve Federal Reserve Banks, the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee. The unique private-public structure of the Fed was the result of political compromise between President Wilson and one of his cabinet members, William Jennings Bryan. Bryan, who was known as the “Great Commoner,” argued that the Fed should be run by officials who acted in the public's interest. His efforts resulted in an elected board of governors, but that has not been enough to hold the Fed accountable. The Fed is not subject to the same checks and balances as other governmental institutions; us commoners have no democratic recourse against it. As Christopher W. Shaw writes in “The Money Question,” published in the April issue of Harper's Magazine, “the notion of absolute Fed independence is as old as the institution itself.” In this week's episode, host Violet Lucca speaks with Shaw about the question of Fed independence. They discuss the Fed's structure, its response to the COVID-19 pandemic, and ways to hold the institution accountable. Read Shaw's revision: https://harpers.org/archive/2020/04/the-money-question-federal-reserve/ This episode was produced by Violet Lucca and Andrew Blevins.