The Federal Reserve Prints Trillions of Dollars in One Day - Glenn Beck Trys to Explain
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Uploaded by libertyactivist on Apr 21, 2009
The Federal Reserve Prints Trillions of Dollars in One Day - Glen Beck Explains it fairly well, but not exactly.
It is not like the government takes trillions of dollars out of one pocket and loans to itself. The Federal Reserve is not part of the government at all, but a private bank that the U.S. Congress illegally gave the power that was Congresses to print our money.
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Top Comments
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Glenn Beck is AWESOME!!!!!!!!
2 years ago 13
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pretty soon it'll be cheaper to burn our money for warmth, than to use it to buy firewood.
2 years ago 3
All Comments (14)
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I love how this guy insults his own beloved audience. He refers to expansionary monetary policy as "a complex concept," and for them to bear with him as he employs crude analogies to help them understand how it works. Those of us who are partly educated in macroeconomic principles, even if we disagree with the Fed's expansionary policy, have to admit Glenn's explanation is terrible. I hope not all his viewers need these things explained to them just as a 2 year old does.
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Yes, but that 'private' bank has to pay back that interest to the government. Except for "expenses" and the 6% that they divide between the secret stock holders.
Or something very similar.
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Beck supports that Bill.
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Try burning the digits in your bank account instead of the real paper money. This is the Information Age, and they no longer keep that much physical money anymore.
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Obama complainers...where's my money?
Federal Reserve ...is not Federal people!
It's a corporation...not Federal owned!
Federal Income tax is illegal...study the law.
You people did go to school.. didn't you?
Why are you acting like the Federal Reserve is your money.....
Just because you paid taxes...?
You're idiots.
Yes we can...Yes we can...Yes we can !
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Glenn Beck is spelt with two n's
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I know the Federal Reserve is not Federal or part of the government. Glenn was close, but read the title 'Glen Beck TRYS to Explain"
The government doesn't borrow from istself at all but from a private bank aka the Federal Reserve.
libertyactivist 1 year ago