Stephan Livera Podcast

Myths & Realities surrounding The Federal Reserve with Julian and Peruvian Bull | SLP632

18 snips
Jan 31, 2025
Julian and Peruvian Bull, filmmaker and Bitcoin commentator, delve into the Federal Reserve's origins and its repercussions on today's economy. They discuss how COVID-19 has highlighted economic disparities and critique the Fed's influence on wealth inequality. The conversation challenges traditional investment strategies, highlighting the flaws in the 60/40 portfolio. They explore the historical evolution of central banking and contemplate the potential of Bitcoin as an alternative to the current financial system.
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INSIGHT

1913 vs. 1971

  • The creation of the Federal Reserve in 1913 had a more significant impact on money than the 1971 Nixon Shock.
  • The Fed's creation marked a fundamental shift towards a centralized, fragile system.
ANECDOTE

Panic of 1907

  • The Federal Reserve was created in response to the Panic of 1907, where JP Morgan bailed out failing trusts and the NYSE.
  • This fueled the argument for a permanent lender of last resort, leading to the Fed's establishment.
INSIGHT

Public-Private Illusion

  • The Federal Reserve was designed as a private entity to create a perceived separation of money and state.
  • However, its board is appointed by the government, and banks are forced to buy equity, blurring the lines.
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