The Federal Reserve, Fractional Reserve Banking, and How Inflation Steals Your Savings | Crossroads

By Joshua Philipp
Joshua Philipp
Joshua Philipp
Joshua Philipp is an award-winning investigative reporter with The Epoch Times and host of EpochTV's "Crossroads" program. He is a recognized expert on unrestricted warfare, asymmetrical hybrid warfare, subversion, and historical perspectives on today’s issues. His 10-plus years of research and investigations on the Chinese Communist Party, subversion, and related topics give him unique insight into the global threat and political landscape.
December 20, 2019 Updated: December 20, 2019

In this episode of Crossroads we speak with Valentin Schmid, business editor at The Epoch Times, about the Federal Reserve and the issues it brought into the U.S. financial system.

We explain boom-bust cycles, fiat currency, fractional reserve banking, the “gold standard,” debt slavery, and how inflation functions as a hidden tax.

Joshua Philipp is an award-winning investigative reporter with The Epoch Times and host of EpochTV's "Crossroads" program. He is a recognized expert on unrestricted warfare, asymmetrical hybrid warfare, subversion, and historical perspectives on today’s issues. His 10-plus years of research and investigations on the Chinese Communist Party, subversion, and related topics give him unique insight into the global threat and political landscape.