Archive for the ' fractional reserve' Category

Facebook’s recent congressional testimony before the House Financial Services Committee regarding their proposed cryptocurrency, Libra, caught my attention. It got me wondering: where in the Constitution does it grant the federal government the power to regulate a cryptocurrency or a social media platform? I posed that question on the Truth Quest Facebook Fan Page and immediately started researching this episode.

The truth is that cryptocurrencies in general and the Libra specifically pose a threat to many entities - central banks, power hungry government officials, and too-big-to-fail banks.

In this episode I explain what Libra is and examine the threat posed by it and other cryptocurrencies. Along the way we discuss the benefits of cryptocurrencies, congressional overreach, sound money, central banks and the concept of private money.

Show Notes:

Libra White Paper

Libra House Hearing

G7 Urges Strict Libra Regime, Eyes Minimum Tax

Alternative Currencies Such as Bitcoin are a Valuable Insurance Policy Against Feckless Government

Fee.org

Mises.org

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Join the conversation at The Truth Quest Facebook Fan Page

Order a copy of Shawn's books, Pritical Thinking, The Proverbs Project, The Termite Effect.

The video of this episode is available on The Truth Quest Podcast YouTube Channel and on BitChute.com.

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I read and hear a lot about how bad the Federal Reserve is for America. The cries for “Audit the Fed” continue to grow louder. Inherently I understand that government intervention always causes market distortions but trying to explain how the Federal Reserve detrimentally impacts the economy at a level that the average person can understand has proved daunting. But I am going to give it a shot in this episode and the next one.

In this episode I am going to introduce you to the Federal Reserve – explain what it is, why and how it was created and explain how it creates money.

Episode #28 will be spent looking at the Fed's record over the 100+ years of its existence and argue why it should be abolished.

Show Notes:

The Truth Quest Podcast Patron Page

Join the conversation at The Truth Quest Facebook Fan Page

Order a copy of Shawn's books - Pritical Thinking, The Proverbs Project, The Termite Effect.

The video of this episode is available at The Truth Quest Podcast YouTube channel and on BitChute.com.

Read Full Post »