News: The Federal Reserve Could Easily Be Replaced By This...
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 14 February 2023
⏱️ 10 minutes
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| 0:00.0 | Hello fellow rebel capitalists, hope you are well. |
| 0:02.8 | So I'm sure a lot of your friend and family member |
| 0:05.8 | Fred's always say, well, if we ended the Fed, |
| 0:10.3 | then what would we do? Who would set interest rates as though the entire world would just immediately implode |
| 0:18.0 | without the central planners micromanaging the price of money? |
| 0:22.0 | But there's actually a very easily excuse me a very easy solution for this |
| 0:28.0 | in fact we already have it |
| 0:30.0 | and it would be a very, very simple switch. |
| 0:33.0 | Let's go right over to this article from Zero Hedge |
| 0:36.0 | and I'll show you what I am referring to. |
| 0:38.0 | Title pretty much sums it up. |
| 0:40.0 | Replace the Fed with the two-year Treasury. |
| 0:42.0 | Done, handled, game over. No more Fed. Because in my opinion, the Federal Reserve doesn't really play a big role over long periods of time in the supply of currency units. |
| 0:55.0 | As you guys know, I'm not, I don't buy into the Fed is creating liquidity or the Fed is |
| 1:00.1 | injecting liquidity. This is the banking system. The banking system can do that without |
| 1:03.8 | the Fed. They don't need bank reserves, they don't need green pieces of paper, they don't |
| 1:07.9 | need the Fed doing anything. The Fed doesn't really impact their balance sheet. The Fed doesn't really give them more balance sheet |
| 1:15.0 | capacity to go into the real economy and lend and all these things that you hear |
| 1:18.6 | about. And you say, well, George, the Fed comes in and they do micromanage the interest rate at the front of the curve and that's bad. |
| 1:25.6 | I totally agree. |
| 1:27.2 | That's the main reason I think we should end the Fed. |
| 1:29.4 | And then they do these bailouts from time to time, where they intervene in free market capitalism and that's |
... |
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