1 rich Libsyn https://www.libsyn.com 90 600 You've been told the Fed raises and cuts interest rates to fight inflation. That's half the story — and probably the half that was meant to keep you confused. In 2010, the Federal Reserve made a move that almost nobody talks about. They went from being the lender of LAST resort to the lender of FIRST resort. Banks stopped having to go earn their liquidity. The Fed just handed it to them. That one shift is why asset prices never stop climbing, why wages never catch up, and why the game feels rigged — because it was changed. If you own a business, run capital, or just wonder why working harder doesn't seem to close the gap anymore, this conversation is for you. Here's what you'll take away: Why the 2010 &quot;ample reserves regime&quot; changed who gets protected when the system breaks What Kevin Warsh is actually doing at the Fed — and why it matters more than interest rates How deflation is capitalism working correctly — and why the government has been stealing it from you The real reason wealth inequality keeps widening and what a reset would actually look like How Raymond built BDGS — an active ETF that drafts the market on the way up and holds cash on the way down This episode is part of&amp;nbsp;The Kronos Group Podcast, where experienced operators and founders share real-world lessons on building, scaling, and protecting their businesses. If you run a business doing $1M or more a year, you can’t afford not to join a Kronos Peer Cohort. This group gives you monthly access to real operators (other business owners at your level) working through real situations (not generic advice). https://thekronosgroup.org/why-kronos/ If you're ready to get started and know that you need to join the room, fill out the form to book a discovery call with Jerry today: Join a Cohort Have an idea for a podcast, but don't know where or how to even start one? PodMatch is your one-stop shop. Use our affiliate link here to start your podcasting journey today: https://www.joinpodmatch.com/thekronosgroup If you're an entrepreneur, founder, or someone wanting to make a change in their life and network, join us inside The Kronos Group community (it's free): https://www.skool.com/the-kronos-group/about Connect with&amp;nbsp;Jerry Brazie on socials Instagram: https://www.instagram.com/jerrybrazie LinkedIn: https://www.linkedin.com/in/jerrybrazie X (Twitter): https://x.com/thekronosgroup Substack: https://substack.com/@jerrybrazie YouTube: https://www.youtube.com/@thekronosgroup New episodes weekly. This show is built for business owners who know growth is better when you’re not doing it alone. &amp;nbsp; &amp;nbsp; The Kronos Group Podcast https://thekronosgroup.org/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/42879645/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/206222335