Rand Paul
๐ค SpeakerAppearances Over Time
Podcast Appearances
Why loan it to you if you're expanding a business when I can just leave it here and get 4%?
It also keeps interest rates from going down because if the Fed pays the big bank 4%, are they going to loan it
to you for three and a half when it can just sit at the Fed and gain four.
So it's kind of, you know, President Trump always wants what he wants.
And sometimes he wants good things.
We, you know, may not go about it the best way.
He wants interest rates to be lower.
But one way to make interest lower is tell the Fed they can't pay interest to these big banks.
Have you ever had a conversation with them about this?
I've been trying for like three months to get out a conversation with Besant and I held up one of their โ with the secretary of treasury.
I held up one of their appointees last week, which is one of the things you do to get the attention of the people you want to talk to.
And they've agreed to meet with me, but we're already โ
you know, halfway into January.
But I'm trying to get a meeting with Besant to talk to him about this idea of paying interest because they said, oh, it'll only take $30 billion to set up the system.
And I think it just keeps growing and growing.
But that money really isn't being productive.
And it's a gift to these big banks.