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Podcast: Money Shifts by Tom Young.
Episode: EP # 672, “Did the FEDERAL RESERVE DEFAULT?”
Description: In the recent years we have seen several banks fail and be taken over by the federal Reserve. This I believe in their own makings by the way they have raided interest rates. The rising interest rates cause bond values to drop. This is the core reserve the banks have. When this reserve reduces below their required reserve level they are in default.