"...At some point the entire financial system becomes a wholly owned subsidiary of the Federal Reserve" — Peter St. Onge
Today we dive into the fiat and banking crisis with Austrian economist Peter St. Onge in exploring the insolvencies of our banking and political institutions, how we got here, and where things are likely heading. What courses of action are available for the US government and the Fed and what can we take away from the historical examples of countries taking this same path to apply to our own? @ProfStOnge brings valuable perspective and insight to making sense of the fall of the US monetary system.
Follow him on Twitter for tons of great writing and regular breakdowns of the financial and monetary policy decisions: https://twitter.com/profstonge
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"I can't change the wind. But I can change the direction of my sail so that I always reach my destination." — Jimmy Dean
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"One immediate lesson many drew from this event was a reconsideration of the risk of fiat liabilities in an environment where trust is lacking...