TDI Podcast 140: Bernanke and The Fed Control America

December 20, 2009 11:59 pm

Guest: Ed Griffin, Author and Andrew discuss the history of the Federal Reserve and how it actually controls America. We also explore how it works and the problems that it causes. Andrew also goes over a few investing ideas, the economics of a double dip and a few other tidbits of interest.

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griffin-ed-2002-05-12-close-cropped-smallG. Edward Griffin is a writer and documentary film producer with many successful titles to his credit. Listed in Who’s Who in America, he is well known because of his talent for researching difficult topics and presenting them in clear terms that all can understand. He has dealt with such diverse subjects as archaeology and ancient Earth history, the Federal Reserve System, terrorism, internal subversion, the history of taxation, U.S. foreign policy, the science and politics of cancer therapy, the Supreme Court, and the United Nations. His better-known works include The Creature from Jekyll Island, World without Cancer, and The Fearful Master. Mr. Griffin is Founder and President of American Media, The Cancer Cure Foundation, and Freedom Force International.

Get your copy of The Creature from Jekyll Island HERE.

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Stocks Discussed in this episode: Potash (POT), CitiGroup (C), Bank of America (BAC), Wells Fargo (WFC), Wynn Resorts (WYNN), among others.

Articles and sites referenced:

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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

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10 Responses to “TDI Podcast 140: Bernanke and The Fed Control America”

  1. Dave on December 21st, 2009 10:01 am

    I would love if you did a talk show type deal with questions from listeners, especially if it was in addition to your current podcasts.

    It is great that you are covering the mischief that is being caused by the Federal Reserve and the government. Because of all the games that are being played with the dollar and the deficit spending and the bailouts and the carry trade, the Congress and the Fed will not be able to keep doing this forever. Something is going to give eventually. I'm one of those people that thinks that gold and silver will be one of the big stories over the coming years as unrestricted fiat money creation can not go on indefinitely.

    G. Edward Griffin's book The Creature from Jekyll Island is a good one for learning about the Federal Reserve. Thanks for interviewing him.

  2. ShiraKashi on December 22nd, 2009 2:11 am

    Andrew,

    I found this interview with Mr. Griffin even better than the first one. Too bad this book isn't available in audiobook form. Ed's a good speaker and would do a fine narrative.

    Now, Ed said that while the Fed chairman appears to be in charge he is really just an employee of the banks and they tell him what to do. Since the Fed chairman is nominated by the US President and confirmed by Congress, that would infer that the bankers have close political ties to influence this appointment and confirmation either directly or via advisors, friends, and/or paybacks.

    On another note, the idea of a call in/talk format with you sounds excellent, even if it was just once in awhile. Thanks for all you do A, it's educational and entertaining.

  3. Alex on December 22nd, 2009 7:52 am

    There is a case against a strict gold standard, such as the inflexibility to deal with systemic shocks like what we had in 2008. Also the tariff barriers of the early 1930s were, among other things, failed attempts to defend the gold standards of the various world currencies.

    I understand the argument that fiat currencies have always failed, and that the dollar just hasn't failed yet. But what is "failure" if maintaining the gold standard means we fall into a worldwide depression? Say what you will about the Fed, but this time we seem to have avoided that.

  4. Eric on December 22nd, 2009 4:23 pm

    The topic of the Federal Reserve System, or any 'Central Bank', is an excellent topic to review and discuss, as the vast majority of people do not understand how it works. It is not as if public schools educate on this topic. It is very eye-opening to become more aware of this System, as it has such an incredible impact on each of our daily lives in the U.S. and throughout the world. It can be initially hard to hear and accept it, as it is very scary and concerning to realize how much power so few of the 'elite' have over the masses. Once you start to understand even a little of how it works, and how it is purposely shrouded in secrecy, it can and should change your outlook on things and where we are headed as a country and society.

    Ed Griffin has done a wonderful job of researching the topic and explaining it a way to remove the intentional secrecy and technical jargon that keeps it a mystery to so many. Thank-you Andrew for bringing these and other topics to light in your podcasts, and bringing excellent speakers and experts such as Mr. Griffin in to discuss them. Very educational, interesting, and entertaining.

  5. dgp on December 24th, 2009 3:08 am

    Andrew, you offer a well thought out look at the market in an unbiased and even-hand manner. I certainly can't say that for all your guests, but you moderate them very well. Case in point, Ed Griffin gave a very interesting and informed interview and you quickly moved him off the Kennedy Assassination conspiracy schpeel.

    If I could off a show suggestion or topic it would be on Fundamental Analysis. Not just the importance of fundamental analysis, rather a full blown dissection of a company from your viewpoint. Do you use a fairly straight forward template or do you glean unique nuggets from the quarterly report.. What is your emphasis — dupont method on ROE, dsicounted cash flow, growth rates, favorite forumlas, fair value calculations, or none of the above. Just a thought.

    dgp

  6. Andrew Horowitz on December 24th, 2009 12:35 pm

    Thanks and Stay tuned- Andrew

  7. omark95 on December 27th, 2009 6:50 pm

    The book is available on audio/CD format from author's website;realityzone.com

  8. john on December 28th, 2009 1:25 am

    Enter text right herA show on investment psych would be timely..like an interview w/martin pring or ari kiev..discipline and psychology are not mutually exclusive

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