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The US Federal Reserve was created with the idea of ultimately being there for any instance of financial crisis in the banking system, says journalist and former banker at Lehman Brothers Nomi Prins. She joined RT's Keiser Report for the Summer Solutions 2019 episode:
"When the Federal Reserve was created we still had the gold standard... when we got to 1971 the gold standard was completely repealed... it was because what the bankers wanted... they pushed to get off the gold standard, so there would be no more solid real asset benchmark underneath currency," Prins says. That was the idea of having more fiat money and the dollar ultimately becoming even more dominant, she explains.
"The US Fed is basically the CEO of the banking system, it provides the money, regulates the banks, and the banks are members of that institution," says Prins, author of Collusion: How Central Bankers Rigged the World.
She stresses: "You cannot have the financial system be members of a central bank that provides them cover when they screw up. That entire system has to be demolished."
There is no reason for Russia to comment on the row caused by a series of leaked memos in which the UK Ambassador to the US called Donald Trump "inept" and assessed his administration as "dysfunctional."See also: US will 'no longer deal with' British ambassador following leaks scandal - Trump
The scandal is obviously "between Washington and London," Kremlin spokesman Dmitry Peskov told reporters on Tuesday. "Let these two capitals deal with it. This is not our story."
The revelation raised ire in Washington, with Trump angrily saying that "we will no longer deal with him." However, outgoing UK Prime Minister Theresa May assured that she has "full faith" in Ambassador Darroch. Nevertheless, some UK tabloids were quick to point fingers at Russia after Jeremy Hunt said London is also examining the meddling of a "foreign state."
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