If you follow the financial markets to any extent you have likely heard the term “negative interest rates.” In this episode, we are going to examine this never-before-in-history phenomenon. We are going to discuss the three ways this ridiculous financial policy manifests itself: on individuals, on bank reserves and on bonds and examine merits of this policy. Hint: It ain't good!

Show Notes

The Fed's Consideration of Negative Interest Rates Signals Its Rush Toward Irrelevance

The Non-Weirdness of Negative Interest Rates

UBS Starts Charging Rich Clients Negative 0.75% Interest Rate

Mises.org:

• Negative Interest Rates are the Price We Pay for De-Civilization
• Everything About Negative Interest Rates - Bob Murphy
• Why Negative Interest Rates Will Fail
• Rothbardian Take on Negative Interest Rates
• Why Sweden Ended Its Negative Interest Rate Experiment

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Most people are aware of inflation. They expect the cost of products and services to go up every year. What these same people may not be aware of is the fact that this perpetual inflation is completely unnecessary.

If the United States had a sound money policy, meaning the U.S. Dollar was pegged to gold (on a gold standard) most of the angst around monetary policy, interest rates, the national debt, out of control government spending, inverted yield curve, negative interest rates, and cryptocurrencies would be nothing but noise.

In this episode we examine the history of a gold standard. We scrutinize actions taken by FDR, Nixon, the Federal Reserve and their impact on the worldwide economy. The bottom line is, because the gold standard constrains the spending of our overlords in Washington, D.C., they will never willingly revert back to that standard. Unfortunately the United States is in for a rude awakening as other countries have started accumulating gold reserves as a way to diversify away from the U.S. Dollar's reserve currency status.

Show Notes:

Think Bitcoin is the New Gold 2.0 - Think Again

The Gold Standard 

Your Move Gold Critics, Please Explain What Money Is

In Dismissing the Gold Standard, John Cochrane Channels Tina Fey

Central Banks of Gold Buying Spree Over Dollar Worries

Central Banks are Buying Gold Fastest Pace in Six Years

Russia, China Continue Massive Substitution of Dollar Assets into Gold

In Money We Trust: Documentary

Funding the Monster State: FDR, Nixon versus the Gold Standard

Alan Greenspan: Ron Paul Was Right About the Gold Standard

Ron Paul's Appearance on Judge Napolitano's Fox Show 

Truth Quest Podcast Episodes:

• Episode #27- The Truth About the Federal Reserve: An Introduction
• Episode #28 - The Truth About the Federal Reserve: The Results
• Episode #56 - The Truth About Libra - Facebook's Cryptocurrency

APMEX: Buy Gold and Siver

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In the previous episode, #27 The Truth About the Federal Reserve – An Introduction, I laid the groundwork for this episode. So now that you know what the Fed is, why it was created and how it creates money, let’s look at the results of the last 100+ years since this monstrosity was created.

We will discuss the constitutionality of the Fed, how it creates inflation, its impact on savers and people on fixed incomes, malinvestment, bailouts, how it funds the welfare and warfare state, the gold standard, and I conclude the episode with a side-by-side comparison of the current monetary system dominated by the Fed with one without it.

Show Notes:

• Creature from Jekyll Island, Edward Griffin
• Numerous writings and podcast from the likes of Ron Paul, John Tamny, Tom Woods, Fee.org and Mises.org.
• ContraKrugman Episode 185 - Economist's Love Letter to the Fed
• A Century of Failure: Why It's Time to Consider Replacing the Fed - Mises

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.

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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:

• Creature from Jekyll Island, Edward Griffin
• The Myth of Fed Independence – Mises.org
• End the Fed, Ron Paul
• Numerous writings and podcast from the likes of Ron Paul, John Tamny, Tom Woods, Fee.org and Mises.org.

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.

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