The Fed's Big Secret: Money is Worthless
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Uploaded by CaseyResearchFAN on Aug 3, 2011
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This is part 2 where Stefan Molyneux (our video host) interviews Casey Research Chief Economist Bud Conrad on the current state of the U.S. and global economy, with a specific emphasis on the Federal Reserve and investment implications.
Part 1 can be viewed here: http://www.youtube.com/watch?v=KeY-OmxGVXY
Bud's book, "Profiting from the World's Economic Crisis" can be purchased here:
http://amzn.to/nR57Pc
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The Share Holders earn 6%, from the FED Web Site.. before it was removed.
JWnFL 5 months ago
Obama's piggy bank! YIPPIE!
btwall60 6 months ago
The Fed is part of the great U.S. government machine. Its actions are part of the reason for the U.S. rating downgrade.
mustang607 6 months ago
@JohninBasel Fixed, the link is now there. Apologies.
CaseyResearchFAN 7 months ago
@jaingxu The more they print, the less it is worth and the more it will take to buy stuff.
0muffins0 7 months ago
Technically, we don't even use money anymore. We use currency. Two major aspects of actual money is that it's durable and maintains a store of value over time. Our Federal Reserve Notes have no intrinsic value and neither are they durable.
AgdrAgon999 7 months ago
(New subscriber) Keep up the great work.
Sense the government is in full control of this country and money don't you believe the people who are in control could keep this corrupt system for as long as they want? They are able to manipulate the numbers and create the laws why would they let this system fall apart.
If I were them(living like kings) I would ensure the system stayed in control.
Stonegoal 7 months ago
If the Fed gives all of its profits back to the treasury then how is it that there are shareholders?
onemindonespirit 7 months ago
If the fed is private and won't show congress the books, what's to stop them from creating money out of thin air and buy up all of the real assets in the world like gold, silver, & real estate? Are they doing that now?
jaingxu 7 months ago
Bud is great, but I want to hear Doug.
Fermion5 7 months ago