While this clip is funny, it’s also a serious topic and a clear example of why the Federal Reserve is a really bad idea. Ron and Rand Paul are correct, the FED needs to be disbanded. Quantitive Easing, a nice and non threatening name for the truth of printing cash out of thin air. The prelude to any economic collapse, as shown throughout history.
But the troubling thing is that the Fed puts money into the economy not by purchasing Treasury securities direct from the Treasury, but by going through a broker like Goldman Sachs. Yes, you read that correctly. You and I can purchase treasuries directly from the Treasury at face value, but the Fed purchases them at a marked up price through Goldman Sachs, and the tax payer is stuck with the bill. Troublesome, just troublesome.
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