Topic: Jared Bernstein

A leaked clip from the head of the Central Bank of New Zealand features an admission that central banking is a "great business" because they print money and "people believe it." This is contrasted with the inability of Jared Bernstein, Biden's Council of Economic Advisers chair, to explain the relationship between the Treasury and the Federal Reserve. The discussion emphasizes that the Federal Reserve is a private banking institution rather than a government entity.

A video clip of Jared Bernstein, chair of the Council of Economic Advisers, shows him struggling to explain the mechanics of government borrowing and money printing. Dr. Kirk Elliott critiques Bernstein's performance, noting that the Federal Reserve is a private banking cartel rather than a government entity. The segment argues that such incompetence at high levels of government signals an impending economic doom.