Peter St. Onge

It's the only the only actually it's the only economic function remotely close to finance or monetary that the government has.

So it's clearly unconstitutional.

This is a legal organization that's printing money.

We have RICO statutes for that.

So, you know, maybe we can give them warning so they can get out of business before they get arrested.

But frankly, I think we should be doing that.

But in the meantime, you know, the Fed does exactly what it's supposed to do, which is that it prints money for Wall Street.

It subsidizes capital.

Makes it cheap to borrow.

The vast majority of money borrowed is not poor people borrowing to make ends meet.

It's rich people borrowing, you know, three billion at a time for Uber.

So, you know, when you make loans cheap, you are you giving about 98 percent of it, the rich people to begin with.

And then when you add to that, the Fed put.

The Greenspan in 2008 world where the Fed bails out financial markets whenever anything goes wrong.

Then you add on top of that the fact that whenever there is a crisis, whenever there's a war, whenever there's a government shutdown, whenever there's a COVID, the Fed uses QE to dump money into not helicopters for everybody to enjoy, but into the financial system through quantitative easing.

You put all those factors together and it is absolutely a rigged game.

I think once people understand what the Fed is, I think typically they get angry.

If you're listening right now and you are not yet angry at the Fed, a great book is Murray Rothbard's The Case Against the Fed.

It's short.

Ron Paul effectively rewrote it, as in the Fed.