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EP. 42 THE FED with Dr. Laura Sanger

Blurry Creatures

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The Importance of Understanding the Federal Reserve

The Federal Reserve is an independent agency made up of privately owned banks. It's run by a board of governors, 12 regional banks, and the Federal Open Market Committee. The U.S. dollar has been a fiat currency since 1971 when Nixon took us off the gold standard. And so our economy is on the precipice of implosion.

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