What if ending the Federal Reserve was not just a wild idea but a clear path to economic freedom? Economist Peter St. Onge of the Heritage Foundation laid out his bold vision for a world without the Fed in an interview with Jeremy Szafron, Anchor at Kitco News. St Onge explained how dismantling the central bank could bring an end to inflation, eliminate recessions, and reinvigorate the U.S. economy. Drawing on history, St. Onge highlighted that America thrived for 140 years without a central bank and argued that returning to a gold-backed currency is not just possible, but essential.
St. Onge also tackled the broader implications of de-dollarization, the rise of Bitcoin as "digital gold," and the impact of Trump-era policies on monetary stability. With predictions for 2025, he explored whether the U.S. is already in a recession and how alternative financial systems like Bitcoin could reshape global economies. This interview delivers deep insights into the Fed’s role in modern economics and presents a radical alternative to the status quo.
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00:00 Introduction
01:03 FOMC Policy Meeting Insights
01:45 Inflation and Economic Concerns
03:21 Trump’s Economic Policies and Their Impact
06:14 Recession Fears and Economic Outlook
09:40 The Argument for Ending the Fed
15:30 Legal and Practical Steps to End the Fed
17:46 The Future of the U.S. Dollar
19:27 Global Government Spending Post-COVID
19:43 The Future of the U.S. Dollar and Fiat Currencies
20:39 Gold Reserves and Fort Knox Mysteries
22:27 The Gold Standard and Historical Context
23:54 Potential Changes to the Federal Reserve
26:45 Bitcoin and Gold as Strategic Reserves
27:48 The Role of Elon Musk and DOGE in Government
29:47 Mainstream Media and Political Dynamics
34:15 Gold and Bitcoin Market Predictions
37:46 General Market Outlook and Investment Advice
39:08 Conclusion
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