Road Warrior Radio with Chris Hinkley, April 15, 2026 Hour 1

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Happy “Tax Day”! I wonder what the American Revolutionary Founders would think of ‘Tax Day’, on this momentous 250th Anniversary of our American Independence…?

Links

Videos / Clips

[x] = Played

1. The NewsHour with Jim Lehrer – American Archive of Public Broadcasting

   1. [x] 48:56--49:39

   JIM LEHRER: What is the proper relationship, what should be the proper relationship between a chairman of the Fed and a president of the United States?

   ALAN GREENSPAN: Well, first of all, the Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don’t, frankly, matter. And I’ve had very good relationships with presidents.
   1. [x] Understanding Fractional Reserve Banking: How It Fuels Economic Growth

   Fractional reserve banking is the banking system most countries use today. It requires banks to hold only a fraction of the money their customers deposit. That amount is the reserve requirement, and in most countries, it is set by the central bank. Banks can loan the rest of their deposits to other customers, which serves to expand the economy.

   It works like this. Banks accept deposits from individuals and businesses providing them with savings and checking accounts in return. Banks can loan out the bulk of those deposits to other customers to buy homes or cars, start businesses, or to fund other projects. If a customer deposits $100,000 into a bank and the reserve requirement is 5%, the bank can loan $95,000 out to other customers. Once the bank has loaned out $95,000, it in essence has created $195,000. Customers borrow that $95,000 and deposit some or all of it into other banks. If the reserve requirement is still 5%, then the other banks can loan $90,250 to new customers. And the process keeps repeating itself.

   Financial crisis occurs when the fractional banking system breaks down and the money supply does not expand. Many US banks had to shut down during the Great Depression, because so many people attempted to withdraw their money at the same time. Today, safeguards exist to prevent such an occurrence.
   1. Dollar Decline, Special Drawing Rights (SDRs) & IMF as World Federal Bank – Jim Rickards
   – The Triffin Dilemma

Headlines

[x] = Mentioned / Discussed

1. [x] Secretive Bilderberg group just met – but who knows what global elite said? | Washington DC | The Guardian
2. [x] Prosecutors from Jeanine Pirro’s office tried to access Federal Reserve headquarters, but were turned away | CBS News
   1. [x] Grand jury declines criminal charges against 6 Democrats who urged military to reject illegal orders | CBS News
3. [x] Google, Microsoft, Meta All Tracking You Even When You Opt Out, According to an Independent Audit | 404 Media
4. WebinarTV Secretly Scraped Zoom Meetings of Anonymous Recovery Programs | 404 Media
5. Farmer Arrested for Speaking Too Long at Datacenter Town Hall Vows to Fight | 404 Media

The Rest

[x] = Mentioned / Discussed

• Previous RWR Episodes

  1. [x] Road Warrior Radio with Chris Hinkley, April 14, 2026 | Hour 1 | Hour 2

• Administrative Fourth Branch

  1. [x] The Birth of the Administrative State: Where It Came From and What It Means for Limited Government | The Heritage Foundation
  2. [x] The Rise and Rise of the Administrative State on JSTOR
  3. [x] America Is A Don’t Ask Don’t Tell Nation – Road Warrior Radio

• The Paper Ponzi Scheme

  1. [x] Thomas Jefferson to Edward Carrington, 27 May 1788
     

     The bankruptcies in London have recommenced with new force. There is no saying where this fire will end. Perhaps in the general conflagration of all their paper. …nothing is necessary but a general panic, produced either by failures, invasion or any other cause, and the whole visionary fabric vanishes into air and shews that paper is poverty, that it is only the ghost of money, and not money itself.

  2. [x] Money, whence it came, where it went : Galbraith, John Kenneth, 1908-2006 : Free Download, Borrow, and Streaming : Internet Archive
     

     The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent.

  3. [x] Economists John Kenneth Galbraith and Alan Greenspan appeared before… News Photo – Getty Images
  4. [x] Crash Could Not Happen Again, Heller, Galbraith and Greenspan Tell Congress – The New York Times
  5. [x] FRB Speech, Bernanke – On Milton Friedman’s ninetieth birthday – November 8, 2002
     

     Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.

  6. [x] Letter from Thomas Jefferson to Samuel Kercheval (1816) – Teaching American History
     

     We must make our election between economy and liberty, or profusion and servitude. If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers. Our landholders, too, like theirs, retaining indeed the title and stewardship of estates called theirs, but held really in trust for the treasury, must wander, like theirs, in foreign countries, and be contented with penury, obscurity, exile, and the glory of the nation. This example reads to us the salutary lesson, that private fortunes are destroyed by public as well as by private extravagance. And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second; that second for a third; and so on, till the bulk of the society is reduced to be mere automatons of misery, and to have no sensibilities left but for sinning and suffering. Then begins, indeed, the bellum omnium in omnia, which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.

  7. [x] Andrew Jackson, Farewell Address (Mar 4, 1837) | The American Presidency Project
     

     The severe lessons of experience will, I doubt not, be sufficient to prevent Congress from again chartering such a monopoly, even if the Constitution did not present an insuperable objection to it. But you must remember, my fellow-citizens, that eternal vigilance by the people is the price of liberty, and that you must pay the price if you wish to secure the blessing. It behooves you, therefore, to be watchful in your States as well as in the Federal Government. The power which the moneyed interest can exercise, when concentrated under a single head and with our present system of currency, was sufficiently demonstrated in the struggle made by the Bank of the United States.

  8. [x] Federal Reserve Act – Wikisource, the free online library
     

     Sec. 30.. The right to amend, alter, or repeal this Act is hereby expressly reserved.

  9. [x] hypothecate – definition and meaning
  10. [x] Websters 1828 – Webster’s Dictionary 1828 – Hypothecate
      

      HYPOTH’ECATE, verb transitive [Latin hypotheca, a pledge; Gr. to put under, to suppose.]

      1. To pledge, and properly to pledge the keel of a ship, that is, the ship itself, as security for the repayment of money borrowed to carry on a voyage. In this case the lender hazards the loss of his money by the loss of the ship, but if the ship returns safe, he received his principal, with the premium or interest agreed on, though it may exceed the legal rate of interest.

      2. To pledge, as goods.

  11. [x] 321gold: Gold and Economic Freedom by Alan Greenspan 1966
      

      In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

      This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

  12. Triffin dilemma – Wikipedia

• The Shot Heard Round The World

  1. [x] Battles of Lexington and Concord – Wikipedia

On This Day

• Events

  • April 2026 Calendar of Public Holidays | Office Holidays
  • Holidays and Observances in the United States in 2026
  • What day is it today? Important events every day ad-free | 🇺🇸 United States

• OTD

  • Worldwide Public Holidays Wednesday April 15th 2026 | Office Holidays
  • On This Day – What Happened on April 15
  • Today in History: April 15, the Titanic sinks in the North Atlantic | AP News
  • What Happened on April 15 – On This Day
  • What Happened on April 15 | HISTORY
  • April 15 – Wikipedia
  • What Happened On April 15 In History?
  • 15 | April | 2020 | Executed Today

Holidays

• Tax Day (US)
• Father Damien Day (Hawaii)
• Jackie Robinson Day (US)
• Titanic Remembrance Day (US)
• American Sign Language (ASL) Day (US)

Historical Events

• 2013 – Boston Marathon Bombing: Two bombs made from pressure cookers exploded at the Boston Marathon finish line, killing two women and an 8-year-old boy and injuring more than 260. But: Who is Graham Fuller, and who is Uncle Ruslan…?^123456789
• 1998 – Pol Pot, the architect of Cambodia’s killing fields, dies of apparently natural causes while serving a life sentence imposed against him by his own Khmer Rouge.
• 1994 – The World Trade Organization is founded: The WTO coordinates and strives to liberalize international trade. It has been criticized for ignoring and escalating the negative social and environmental side-effects of globalization.
• 1990 – Sketch comedy TV series In Living Color premieres on FOX TV
• 1989 – A small group of students initiates pro-democracy protest on Tiananmen Square in Beijing: The death of reformer Hu Yaobang triggered the demonstrations, which grew in size and were brutally dispersed in the Tiananmen Square Massacre on June 4.
• 1986 – The United States launches retaliatory air strikes against Libya: Around 40 Libyans died in Operation El Dorado Canyon, including an infant girl. The attack was the United States’ response to the bombing of a Berlin discotheque on April 5, in which 3 people had died.
• 1974 – Members of the Symbionese Liberation Army held up a branch of the Hibernia Bank in San Francisco; a member of the group was SLA kidnap victim Patricia Hearst. (Hearst later said she had been forced to participate in the robbery.)
• 1960 – Guy Carawan sings We Shall Overcome to the Student Nonviolent Coordinating Committee in Raleigh, popularizing the song as a protest anthem
• 1955 – Ray Kroc opened the first franchised McDonald’s restaurant in Des Plaines, Illinois.
• 1945 – The German concentration camp Bergen-Belsen is liberated: British and Canadian troops found about 53,000 prisoners inside the camp. Tens of thousands died before and after the liberation.
• 1935 – The Eastman Kodak Company launches Kodachrome: The photographic film was one of the most popular media used by professional and hobby photographers around the world. The product was discontinued in 2009 because of the advent of digital photography.
• 1924 – Rand McNally publishes its first road atlas.
• 1912 – British luxury liner RMS Titanic sunk in the North Atlantic off Newfoundland just over two and a half hours after hitting an iceberg on its maiden voyage. Over 1,500 people died; 710 survived.
• 1900 – Philippine–American War: Filipino guerrillas launch a surprise attack on U.S.
• 1892 – The General Electric Company is formed.
• 1877 – World’s first home telephone is installed in Somerville, Massachusetts at the house of Charles Williams Jr.
• 1874 – First Impressionist art exhibition opens in Paris, features Claude Monet, Edgar Degas, Pierre-Auguste Renoir, Camille Pissarro and Berthe Morisot
• 1865 – Abraham Lincoln died after being shot by John Wilkes Booth at Ford’s Theater the previous evening; Andrew Johnson was sworn in as the 17th president hours later.
• 1861 – Federal army of 75,000 volunteers is mobilized by President Abraham Lincoln at the start of the American Civil War
• 1802 – William Wordsworth and his sister, Dorothy see a “long belt” of daffodils, inspiring the former to pen I Wandered Lonely as a Cloud.
• 1783 – Preliminary articles of peace ending the American Revolutionary War (or American War of Independence) are ratified.
• 1755 – Samuel Johnson’s A Dictionary of the English Language is published in London
• 1729 – Johann Sebastian Bach’s St Matthew Passion premieres at the Thomaskirche in Leipzig, Holy Roman Empire (now Germany)

Births

• 1978 – Chris Stapleton, American country singer-songwriter and guitarist (48)
• 1922 – Harold Washington, American lawyer and politician, 51st Mayor of Chicago (died 1987)
• 1894 – Nikita Khrushchev, Soviet politician, 7th Premier of the Soviet Union (died 1971)
• 1858 – Émile Durkheim, French sociologist, psychologist, and philosopher [read Lark’s Collected Musings] (died 1917)
• 1843 – Henry James, American/English author (died 1916)
• 1841 – Joseph E. Seagram, Canadian businessman and politician, founded the Seagram Company Ltd (died 1919)
• 1832 – Wilhelm Busch, German poet, painter, illustrator (died 1908)
• 1452 – Leonardo da Vinci, Italian painter, sculptor, architect (died 1519)

Deaths

• 2025 – Wink Martindale, American DJ, radio personality, and TV personality (born 1933)
• 2024 – Whitey Herzog, American professional baseball outfielder and manager (born 1931)
• 2018 – R. Lee Ermey, USMC drill instructor, American actor (born 1944)
• 1998 – Pol Pot, Cambodian general and politician, 29th Prime Minister of Cambodia (born 1925)
• 1990 – Greta Garbo, Swedish actress (born 1905)
• 1980 – Jean-Paul Sartre, French philosopher, writer, Nobel Prize laureate (born 1905)
• 1912 – Victims of the Titanic disaster:
  • Archibald Butt, American general and journalist (born 1865)
  • Benjamin Guggenheim, American businessman (born 1865)
  • Charles Melville Hays, American businessman (born 1856)
  • Edward Smith, English Captain (born 1850)
  • Henry B. Harris, American producer and manager (born 1866)
  • Henry Tingle Wilde, English chief officer (born 1872)
  • Ida Straus, German-American businesswoman (born 1849)
  • Isidor Straus, German-American businessman and politician (born 1845)
  • Jack Phillips, English telegraphist (born 1887)
  • Jacques Futrelle, American journalist and author (born 1875)
  • James Paul Moody, English Sixth Officer (born 1887)
  • John B. Thayer, American business and sportsman (born 1862)
  • John Jacob Astor IV, American colonel, businessman, and author (born 1864)
  • Thomas Andrews, Irish shipbuilder (born 1873)
  • Wallace Hartley, English violinist and bandleader (born 1878)
  • William McMaster Murdoch, Scottish First Officer (born 1873)
  • William Thomas Stead, English journalist (born 1849)
• 1889 – Father Damien, Flemish missionary, priest, and saint (born 1840)
• 1865 – Abraham Lincoln, American lawyer, politician, 16th President of the United States (born 1809)

Footnotes