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Money Minute: Fed on Hold

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Uploaded by on Jun 24, 2009

The Fed says interest rates should remain low for some time. The AP's Mark Hamrick reports. (June 24)

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  • You may think that the privately owned Federal Reserve Bank that our US Constitution forbids has money, but you would be wrong: Just like the empty hallows of Fort Knox, the FED has swapped all its treasury paper for all these worthless toxic assets that wiped out the banking system. If we get a Ron Paul styled audit of the FED, you will see it holds no value at all. This is also why Germany Prime Minister last week pissed on the FED: They know it is broke & Germany wants its gold bullion back!

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  • I sense a economic crash coming soon.

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