Jack Rasmus Interviewed on Federal Reserve's 100th Anniversary and The Global Money Parade

Allow a moment for the video to download

Jack is interviewed by Russia TV on the origins of the US Federal Reserve and its primary function of bailing out the banks. Jack explains how the recent bailout of banks by the Fed amounts to over $10 trillion, plus another $4 trillion in quantitative easing funneled by the Fed to very wealthy investors with bad mortgage loans. Jack explains how the Fed was borne in the same crisis, in 1907-08, when another financial crash and epic recession that followed led to the formation of the Federal Reserve. He explains his concept of the global money parade and why bank-investor bailouts lead to financial speculation and bubbles and not a sustained recovery of the real economy.