Jason Hartman

The Federal Reserve, our central bank, is about as federal as Federal Express. It's a company, although it's a special company. And I am very much against having a Fed. I don't think we should have one. But back in 1913, they created it. We have what we have. So what I think doesn't really matter. Trump does not control the Fed.

The Federal Reserve, our central bank, is about as federal as Federal Express. It's a company, although it's a special company. And I am very much against having a Fed. I don't think we should have one. But back in 1913, they created it. We have what we have. So what I think doesn't really matter. Trump does not control the Fed.

And you saw probably you caught on the news or some people did his little war, his spat with Jerome Powell. And he had that his first term, too, saying, you know, if a reporter asked Jerome Powell, the Federal Reserve chair, you know, if if Trump were to ask you to step down, would you do it? And he said, no, no. Right.

And you saw probably you caught on the news or some people did his little war, his spat with Jerome Powell. And he had that his first term, too, saying, you know, if a reporter asked Jerome Powell, the Federal Reserve chair, you know, if if Trump were to ask you to step down, would you do it? And he said, no, no. Right.

Right. You're right. So Trump does not control the Fed. However, Trump could potentially run around the Fed. And there is an interesting way to do that that is a little bit above my pay grade. But I had a guest on my show, Richard Duncan, talking about it. You can look at that episode on my YouTube or podcast for more on that. We talked for about an hour and a half.

Right. You're right. So Trump does not control the Fed. However, Trump could potentially run around the Fed. And there is an interesting way to do that that is a little bit above my pay grade. But I had a guest on my show, Richard Duncan, talking about it. You can look at that episode on my YouTube or podcast for more on that. We talked for about an hour and a half.

And basically, there is a way to end run around the Fed that the president could do. So we'll see if that happens. But regardless, the price of money, which is an interest rate, is set now by the Federal Reserve. The Federal Reserve does not directly control mortgage rates, but it controls rates and it influences mortgage rates.

And basically, there is a way to end run around the Fed that the president could do. So we'll see if that happens. But regardless, the price of money, which is an interest rate, is set now by the Federal Reserve. The Federal Reserve does not directly control mortgage rates, but it controls rates and it influences mortgage rates.

So even if we didn't have a Fed, we'd still have a free market for money. I think that's the way we should have it. But it would still be subject to market pressures and supply and demand. It doesn't mean rates will drop if the Fed goes away because everybody will just be acting as market participants.

So even if we didn't have a Fed, we'd still have a free market for money. I think that's the way we should have it. But it would still be subject to market pressures and supply and demand. It doesn't mean rates will drop if the Fed goes away because everybody will just be acting as market participants.

No, the market. Okay. So it's super complicated. Of course. And I mean, this is a rabbit hole that, you know, I used to go down a lot about 22 years ago when I got really into this stuff and got really into, you know, sound money and gold and... And then, you know, the cryptocurrency trend came along and that's been a really good trend, regardless of whether you invest in it or not.

No, the market. Okay. So it's super complicated. Of course. And I mean, this is a rabbit hole that, you know, I used to go down a lot about 22 years ago when I got really into this stuff and got really into, you know, sound money and gold and... And then, you know, the cryptocurrency trend came along and that's been a really good trend, regardless of whether you invest in it or not.

And, you know, certainly I own some Bitcoin and a few others, you know, but it has taught people about money. Yeah. You know, back in 2005, when I was talking about some of this stuff, nobody was aware of the Fed. I mean, that was a very small group of people or, you know, fiat money. And fiat just means by authority, by decree, right? The dollar has value because the government says it has value.

And, you know, certainly I own some Bitcoin and a few others, you know, but it has taught people about money. Yeah. You know, back in 2005, when I was talking about some of this stuff, nobody was aware of the Fed. I mean, that was a very small group of people or, you know, fiat money. And fiat just means by authority, by decree, right? The dollar has value because the government says it has value.

That's right. People weren't aware of the way that worked. And now they are.

That's right. People weren't aware of the way that worked. And now they are.

And that, you know, Bitcoin brought that to the forefront. People get it now. And that's a really good.

And that, you know, Bitcoin brought that to the forefront. People get it now. And that's a really good.

Oh, very important.

Oh, very important.