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In this video, Andy Schechtman shares his skepticism towards the Federal Reserve's ability to control inflation and interest rates. He points out the Fed's track record of being consistently wrong in its predictions and moves. Schechtman suggests that the Fed's decision to raise interest rates has not been effective in controlling inflation and that its focus should be on raising reserve requirements for banks. He also notes that companies' ability to borrow money and buy back shares to artificially inflate their stock prices is coming to an end. Schechtman questions the legitimacy of the fiat currency system and the Fed's control over interest rates and prices. He emphasizes the importance of investing in precious metals as a protection against economic volatility and manipulation. Schechtman notes that the availability and premium levels of gold and silver are currently at their best in over three years.
Andy Schectman has been a prominent figure in the financial services industry for more than 25 years, during which he has served as President and owner of Miles Franklin, Precious Metals. Before starting Miles Franklin, Ltd.
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