If the Fed Prints Money... Who Do They Owe It To?

About this video

• Video Title: If the Fed Prints Money... Who Do They Owe It To?
• Channel: HistoFund
• Speakers: None indicated
• Duration: 18:39

Overview

This video explains how the Federal Reserve creates money, who owns the Federal Reserve, and how this system allegedly transfers wealth from taxpayers to private banks through interest payments on government debt. It argues that the Federal Reserve is a private banking cartel, not a government agency, and that its structure allows member banks to profit from money creation. The video also touches on historical instances and presidential actions related to monetary policy.

Key takeaways

• The Federal Reserve creates money digitally, not backed by gold or assets, essentially out of nothing.
• Every dollar bill is a "Federal Reserve note," a debt instrument, implying that all money in existence represents debt.
• The Federal Reserve is a private banking cartel, not a government agency, with its regional banks owned by private commercial banks (e.g., JPMorgan Chase, City Bank).
• These private banks profit from the Federal Reserve through guaranteed dividends on their shares and by earning interest on government bonds bought with newly created money.
• The national debt is structured to be unpayable without collapsing the money supply, as money is created only through the purchase of debt.