Insight - May 4th, 2023
Insight • 04-May-2023
Today on Insight, John and Josh Rosenstern discuss the structure and design of the Federal Reserve Bank, since its development in 1913. The Federal Reserve has raised interest rates ten consecutive times within the last year. This impacts every American from business to government with regards to our economy. When the base rate, our debt ceiling, for federal funds, which is the rate that banks lend to one another goes up; there is a ripple effect and everything goes up. America’s debt is close to 32-trillion dollars, which is 111-percent of our Gross domestic product. With regards to America’s economic health, we are already seeing bigger banks buying up many of the smaller community banks. Brother John ask if this is the beginning of an orchestrated bank takeover.
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