Ringside Rematch w/ Richard Werner
The ACID Capitalist Podcast
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The Fed's Agenda for Cryptocurrencies
The Fed was founded on the idea that when there's a run on good banks, sovereign banks, the Fed will step in. What happened in the 1930s, the Fed did not step in, it led 10,000 banks to go bus. We've created fictitious wealth via marks on previous funding rounds which are not reflected in private equity books or hedge fund books. I see it as profound incompetence by well-meaning public servants, the Federal Reserve. The thing that fills me with horror has been the persistency by these regulators to tighten credit and raise interest rates since 2013. These exercises have eliminated $15 trillion of potential US GDP lost due to raising interest rates. And I lay that crime
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