Lew Rockwell explains how the Fed enables war, empire, and destroys the middle class
We ask Lew Rockwell of the Ludwig Von Mises Institute how the Fed, with its printing press, may be making war easier. And what about its role in "disabling" and dismembering America's dwindling middle class if savings aren’t addressed. And it's the 25-year anniversary of Black Monday, but it’s also the first anniversary of Capital Account's launch! Lauren and Demetri respond to your birthday wishes and more in viewer feedback. Plus one of the more memorable exchanges in Tuesday's presidential debate was the back and forth over pension plans: Obama told Romney “I don’t look at my pension. It’s not as big as yours so it doesn’t take as long.” President Obama might want to take a look at his pension, as it turns out it holds shares of the Las Vegas Sands Corporation, owned by Sheldon Adelson, a major Romney backer. The holdings in his pension also include Domino's Pizza, Exxon Mobil, China Life Insurance, Halliburton, and Altria (Philip Morris USA). Lauren and Demetri discuss the political landmine in Obama’s pension fund in today’s Loose Change.