Part 4/7:
The critique is delivered through a vivid metaphor involving a building near the Ptoac River. The speaker describes a poorly executed construction project—building a basement under a building next to the river—highlighting issues of improper planning, risk, and waste.
This metaphor symbolizes perhaps flawed financial policies or mismanagement within the Federal Reserve, emphasizing imprudent decisions such as extensive borrowing or spending that risk undermining stability. It also criticizes the use of "protective material" and excessive spending—comparable to the billions spent on guarding infrastructure unnecessarily.