WASHINGTON, April 9, 2014 /PRNewswire/ -- The lively clash of differing opinions continues regarding the Federal Reserve with G. Edward Griffin, author of "The Creature from Jekyll Island," and Scott Minerd, Chief Investment Officer and Founding Partner of Guggenheim Partners. Minerd is also a member of the Market Advisory Board to the New York Federal Reserve Bank. Watch the 2 minute preview video here of the third of six segments on Full Disclosure Network(R) Internet Video Series. Griffin maintains that banks reap unlimited profits via interest charges because printed money is not backed by gold or silver reserves that would limit banks from loaning more money than they have available. Minerd observes that the history of hard currency is checkered, and the history of paper currency is abysmal. He discusses Quantitative Easing (QE) and describes his concerns about potential monetary errors when the time comes to reverse the process. Watch the full video report here: http://www.fulldisclosure.net/2014/04/interest-on-nothing-virtual-financing-651-3/
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