Jim Puplava interviews Peter Hartcher, author of Bubble Man. It's bad enough giving a soviet commissar the independent power to alter the interest rates and create money out of thin air, but the problem is compounded when the supposedly independent Fed bows down to political pressure and grants politicians their wishes. That's what happened when these crazy bubbles were created, and that's why the US needs to return to sound money based on precious metals, and why we need to abolish the Federal Reserve.
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