Alexander Lorenzo argues the Federal Reserve was designed to prevent bank runs but functions as a Ponzi scheme focused on public relations rather than sound money. He claims the Fed's real job is keeping people calm, not managing the economy responsibly.
The number one attack against the Federal Reserve is a run on banks. That is the whole purpose they were created. They're the bank of banks. They don't want people withdrawing their money from banks. They don't want panic. That's what they don't want. So their whole thing is to try to keep the people calm, because if you understand the dynamics of the Federal Reserve, it's not like sound money, like at all. It's a Ponzi scheme. So essentially, their goal is to keep the Ponzi running. They want to keep the Ponzi running as long as possible. That's why I say they're like a PR company.
