Federal Reserve & US Economy

First hour guest, webmaster, activist, and talk show host Michael Rivero spoke about the state of the US economy, its monetary system, and the Federal Reserve. Regarding whether the debt ceiling should be raised, there's a fundamental question behind that-- "if the Constitution gives to the US government the authority to make and issue public currency without interest, why for the last 100 years has the US government borrowed all the public currency at interest from a privately owned central bank?" he asked. The historical irony is that America fought a revolution to be free from this kind of predatory banking, Rivero added. He believes that a major crash of the US banking system is an inevitability, and people should be prepared.