FEDERAL RESERVE - AMERICA'S GREATEST ROBBERY pt 1
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This video is a response to FEDERAL RESERVE - AMERICA'S GREATEST ROBBERY pt 2
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@jtizz711 Commercial banks can't print money or just create money electronically.
And the Fed doesn't have a monopoly lending money to the Treasury.
jimmyrtle 5 months ago
@jimmyrtle in the sense that it costs them nothing because the money is just paper or electronic numbers.
jtizz711 5 months ago
@jtizz711 "Theres a huge profit margin with a monopoly"
The Fed has a monopoly on loaning money to the Treasury?
jimmyrtle 5 months ago
@jimmyrtle A bank makes money by lending the money to the treasury and then the gvnt has to pay it back plus interest. Theres a huge profit margin with a monopoly.
jtizz711 5 months ago
@jtizz711 That and the fact that it gave $80 billion to the Treasury last year.
What private company does that?
jimmyrtle 5 months ago
@jimmyrtle yes it is. The only argument towards it not being a private company is that it has made a coalition with the federal government.
jtizz711 5 months ago
@jtizz711 The Fed is not a private compnay.
jimmyrtle 5 months ago
@jtizz711
Federal Reserve profits are well documented and closely watched. If the Federal Reserve were to just print money for their President(s) or Board of Governors...or some other member of themselves they would have to go to the US Treasury and ask for money to be printed (Since the US Treasury is the one who actually prints the money). There would then be no documentation or trace of this money, due to your logic. This is inconceivable and impossible.
SadegoGG 5 months ago
@SadegoGG haha do you actually think they would leave evidence for you to see. they print their own money out of nothing. Its just paper... then they pay people off with this paper...and then we believe its worth something....A PRIVATE COMPANY HAS THIS KIND OF MONOPOLY. Why cant you see how wrong this is?!?!
jtizz711 5 months ago