by Peter Schiff
Schiff Sovereign
[Note from James: The first thing I did this morning when I saw the US government’s latest inflation numbers was to call my friend and partner Peter Schiff to enjoy a good rant about how the Fed has completely lost the war with inflation. Peter’s thoughts are below, and I agree entirely.]
Bill Martin had a pretty serious problem in 1969.
As the Chairman of the Federal Reserve (back when people had the audacity to say “chairman” instead of “chair”, as if we are pieces of furniture), Martin was one of the few people who could say that he had central banking in his blood.
His father, William McChesney Martin Sr., was actually one of the original architects of the Federal Reserve Act of 1913, and then later served on its Board of Governors and as President of the St. Louis Federal Reserve Bank.