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The Federal Reserve is not a government agency, but a banking cartel disguised as one. Congress gave it enforcement power, making it seem like a government entity. In reality, it's a group of banks that self-regulate by setting industry rules. These rules, passed as the Federal Reserve Act, give the appearance of government authority. If not followed, individuals can face imprisonment. In essence, the Federal Reserve is simply a banking cartel. Translation: The Federal Reserve is a banking cartel that appears to be a government agency but is actually a group of banks regulating themselves.

We are in debt and facing cuts to social services and increased taxes. The question is, who do we owe the money to? The answer is the Rothschilds, the Oppenheimers, and other wealthy bankers. Our corrupt politicians have given them power. They profit from wars and send our sons and daughters to kill innocent people. This hypocrisy mocks our talk of freedom and democracy. The financial system is the head of the snake. Henry Ford said it's a good thing people don't understand it, or there would be a revolution. We are enslaved by this debt-driven system controlled by the wealthy. They can create money out of thin air.

Here's what's happening in America: we're drowning in debt because of a debt-based banking system controlled by private bankers. The Federal Reserve, deceptively named, is a private entity manipulating our money for profit, not public interest. Since 1913, Congress has granted it a monopoly over our currency, leading to economic instability. The solution? Education and action. We must reclaim the power to issue our money, as figures like Franklin and Lincoln once did. This isn't radical; it's restoring the issuing power to the people. Reform involves paying off the debt with debt-free U.S. notes, abolishing fractional reserve banking, and repealing the Federal Reserve Act, returning monetary power to the Treasury.

Banks are broke due to fractional reserve banking, allowing them to lend money they don't have. Central banks engage in counterfeiting through quantitative easing, manipulating interest rates. Politicians and central banks are to blame, not retail banks. Taxpayers bear the cost when banks fail, which is considered theft. Without holding bankers accountable, this cycle will persist.

Britain’s Keir Staummer stood before parliament last week and tried to explain why he sent lord Peter Madison to be US ambassador when he knew that Madison was deeply compromised by Jeffrey Epstein. It didn’t work. The media are now calling Stromer a dead man walking, and you can see how damaging this is by how desperately the city is trying to make it go away. They sent out the discredited MI6 spy, Christopher Steele, to claim that the whole Epstein network was actually a Russian intelligence operation. The same Christopher Steele who gave us a debunked Russia dossier is now telling us that the city of London's dirty laundry is actually Putin's fault. They’re writing the same play they ran in 2016. But the real problem is The United States where Donald Trump keeps adding pieces to his American system economic revolution. Trump’s actions have emboldened American system fans like Warren Koss and Steve Bannon to finally enthusiastically explain it to the American people. Here’s their exchange. Hang on. So listen. I wanna make sure we name this as a construct for people. So you're you're we’re dancing around. It’s the American system. It’s what Hamilton and I say, along with the Declaration of Independence, something that doesn’t get as much play that almost should is Hamilton's report on manufacturers. And you had, you know, Andrew Jackson was part of that. Lincoln, as a Whig, this whole party stood for this. The American system. And I kind of say this is what Lyndon Laroche's people also talk about. Talk to me about the American system. Why is the alternative quite different than late stage finance capitalism that we find ourselves in this kinda cul de sac? Now Bannon just named the thing that terrifies the city of London more than anything else. Not tariffs, not the Epstein files, the American system itself. The economic alternative that makes their entire globalist casino obsolete. And that's why the Empire's operatives are in overdrive right now. Christopher Steele didn't crawl out from under his rock to spin Epstein as a Russian spy because things are going real well for the city of London. I’m Barbara Boyd, and I’ve been in the fight between the American system and the global system now for over forty years. And I’m happy to tell you that at this point, for the first time, the American system is coming out on top. Today, I’m gonna first show you how the Epstein disclosures reveal how the globalist financial system was rigged. Then I’m gonna show you that the elites panic isn’t just because they’re being exposed and caught. It’s because their casino economy has run out of chips, and Donald Trump has called their bluff. Finally, I’ll show you why Christopher Steele’s desperate attempt to blame Russia actually exposes even more about how the city of London and Wall Street have done their very dirty business. So if you’re up for the ride, please like and share this video. It increases our reach on YouTube. Lord Peter Mantle, soon as called the prince of darkness in British circles. That’s because he engineered the career of Tony Blair and what the British Labor Party calls new labor, i.e., globalization. Like Bill Clinton in The US, it was a con job, feigning concerns to the lower classes while giving the elites and the banks free reign. Mendelson was the satanic brain behind many of the Anglo American schemes breathing life into what they called the rules based order. To recap, the recent Epstein release shows Mendelson trading deep insider financial information with Epstein from 10 Downing Street during the two thousand eight financial collapse. The document suggests they are managing the crisis itself, seeking maximum profit for themselves and their network after their practices led, after all, to that very financial collapse. For example, Mandelson counsels Epstein that Jamie Dimon of JPMorgan Chase should, quote, mildly threaten the British chancellor over the bonus tax the British government imposed on bankers bonuses. You see, the bankers were still frantically claiming their bonuses after they caused the collapse. Diamond followed through and threatened per Mandelson's advice. In France, the latest Epstein files confirm an extremely close relationship between the French German head of the Edmond de Rothschild group, Ariane de Rothschild, and convicted sex offender Jeffrey Epstein. That's one of the largest and most significant banks in the world. From 2013 until his death in 2019, Epstein acted as an unofficial adviser to the Switzerland-based bank. When the bank came under US DOJ investigation for money laundering, Epstein arranged a sweetheart deal through his close confidant, Catherine Rumler, Barack Obama's former White House lawyer. Then there's the current CEO and president of the World Economic Forum, Borga Brandi. Forbes tells us that his Epstein relationship has led to an internal investigation and a possible fight for control of the World Economic Forum with the founder, Klaus Schwab. Schwab himself, of course, had to resign because of sexual and financial scandal. Alex Grainer has a very insightful piece about all of this. He documents how the public operatives for London's rules-based order are vetted and picked. They are all deeply flawed. Their flaws are well known so that they can be controlled by the individuals and institutions behind the public show. Now as if by divine force, the covers have been ripped off, and the men and women behind the curtain can now start to be exposed. Now most American commentators can't make sense of what's happening here because they focus only on the domestic side of the equation. They miss the British chessboard entirely, the city of London, British intelligence, the offshore financial system, the royalty. That's the fight we've been tracking at Promethean Action for decades. It's what makes our coverage very different. And if you wanna see the world that most people don't even think exists, subscribe to our free newsletter. The link is in the description. But the real bigger truth here is that Donald Trump has called all their blush. Before Warren Koss went on Bannon to be cross examined about Trump's American system of economics, he wrote an article in New York Times calling out Wall Street and the city of London for the financialization schemes and crimes through which they have rooted our economy. It’s titled the finance industry is grip. It’s time to start treating it that way. He says his original title was how to save capitalism from the capitalist. Here are a couple of his money quotes. In a financialized economy, businesses become mere sources of cash, assets to be manipulated and then operated for maximum investor returns. Workers become just another cost like lumber. Customers are just revenue streams to be tapped. It has corrupted sectors in which the profit motive was never meant to raise supreme in our country. Veterinary practices, funeral parlors, campgrounds, residential treatment services, youth sports, hospitals and nursing homes, even suppliers for volunteer fire departments. Consolidating and managing them with ruthless efficiency, squeezing the vulnerable customers, and then pointing to the higher cash flow as somehow value creation. But that system has now failed. It’s run out of chips, and the establishment can no longer hide the fact. Its final bill is due to the American system of economics being wielded now by the Trump administration. It puts the emphasis on raising productivity, raising workers’ wages, investing in the infrastructure and the science and technologies of the future. That means banks must be lending money for these purposes. As secretary Besson keeps emphasizing, it’s now Main Street's term. But the captured functionaries of the old system will go willingly without a fight. Their media and politicians censor the president's policies rather than explaining them to the American people. They’re also pumping poison twenty four seven to the American people about Donald Trump. Just look at these two exchanges of treasury secretary Scott Besson in the house last week. He was there to report on the fundamental economic progress being made by president Trump. When the treasury secretary began to document the impact of illegal immigration on housing supply and costs, ranking member Maxine Waters called for him to be, quote, shut him up. Ten and twenty million immigrants Can you shut housing stock Woah. Of working Americans, and can you maintain some level of Little David's time has expired. No. My time has not expired. Congressman Gregory Meats just went publicly berserk. All you have to ask is yes or no. No. Congressman, The All you have to ask is the DOC is an independent entity, and I would know congressman that I take that as an ill. You traveled to Venezuela to lobby take that as an adult. On behalf of So just as the globalist elite crashes in London, out trots disgraced MI6 fabricator, Christopher Steele, to attempt to make it all go away. Steele, you may remember, is the author of the fake dirty dossier on Donald Trump, which was the founding document of the Russian coup d'etat in The United States. Steele, in an interview with the London Times, tells us in no uncertain terms that Epstein was the ultimate Putin super spy running incredibly sophisticated honey traps in which the world's best and brightest were somehow all captured by Russian organized crime. If you didn’t follow the ins and outs of Russiagate, you might think these lies are all new. They were part and parcel of lies about Donald Trump concocted in the twenty sixteen to twenty eighteen operation, which he bought the CIA, NY six, and much of the American establishment. Steele’s lies cover up the real scandal, which all comes back to the city of London and current British and American political operatives. When the Soviet Union disbanded, Russia was looted to the bone by oligarchs functioning under the control of the City Of London bankers. Jacob Rothschild, for example, was the controller of the oligarch Mikhail Kordakovsky, and that’s undocumented. Russian organized crime provided huge chunks of diluted revenue flow into the City Of London banking center as well as the New York Fed. Many believe that without it, the City Of London bankers would not have survived the nineties. When Putin came to power, he ended much of that. But the dirty money flows from Russian organized crime continued into London's bank and offshore havens. Four years ago, Chatham House, the think tank for British secret intelligence, claimed that it was finally shutting down what they admitted was Russia's London money laundry. It became just too ostentatious and just too exposed. So despite Christopher Steele's fictions, all roads continue to lead right back to London when you're looking for the corrupt and perverted authors of the dying system. So this Saturday, the perverted world elites find themselves trapped between the failure of their system and the exposures of their true character in crimes. They can only manufacture lies and destruction. Trump's American system of prosperity, productivity, and the mission to create a better life for your children provides the escape hatch from this hell. But the American people have to know about Trump's policies and the system which has powered every economic growth spurt in our nation’s history. The American system has to be hammered home to people ahead of the midterms. The key question to your congressional representative has to be, what do you know about the American system? Do you support it? That’s how you should determine your role. That educational mission is what Promethean Action has adopted as our most urgent task. You can support us by subscribing to our newsletter and joining our community. The link is in the description. Thanks so much for listening. Please take a moment and subscribe to our free newsletter at prometheanaction.com.

At the end of World War II Asia and Europe were devastated, and the United States emerged as the last man standing, profiting hugely from the war. They ended up, due to isolation, the strongest economy in the world with more than half the world’s gold and half the world’s GDP, with standing industries that could shift from making tanks to making cars and trucks. They did extraordinarily well for a few decades, but then, as described, they began to financialize, and it became more profitable to speculate in investments than to actually invest. In recent years, companies with money often pursue share buybacks rather than expanding research and development or industrial capacity. We are in a stage where the underlying basis for markets is questionable: what are markets for, are they accurate at price discovery, and do they predict productive investment and returns on capital? We are in a transition phase where we’re not sure anymore. There is a huge bubble, and corporations creating these bubbles, with banks that loan money relying on the state because they are too big to fail. Bailouts have totaled trillions since 2008, as the US Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan pumped trillions of dollars, with help from Gulf Cooperation Council countries to bail out banks in Britain, the United States, and Europe. It’s fascinating because China, since the financial crisis, has also created about 17 to 18 trillion dollars. China has actually been leading in creation of money, while investing that money in building 50,000 kilometers of high-speed rail, a space program, massive industries, and the Belt and Road initiative—real investment and so on. The enormous difference between the two is notable, but how far can states—the United States, Britain, the EU, and Japan—borrow and pump money into the market to keep this bubble going? We don’t know. Bubbles are hard to gauge in terms of expansion and when they break, which is why they can be sustained so long; the bursting of a bubble is painful, and no policymaker wants responsibility. China is interesting and is the only case in history of a property bubble being deflated without collapsing the real economy, deflating its property bubble over five or six years while the economy continued to grow—not at 8% but at 5%—and continued to expand. That is worth studying because other countries let property bubbles run until they burst, causing wider harm and deflation. Japan, for example, has had thirty years of zero growth since it began quantitative easing three decades ago, a growth killer because it protected existing companies, banks, and properties and never really recovered. Europe has had zero growth for about fifteen years since 2007. The United States sustains growth largely by buying it from the rest of the world—acquiring profitable companies or getting them to list on NASDAQ and then earning rents from profitable companies wherever they are—while the US economy has been largely hollowed out. It’s an interesting time to watch monetary dynamics, because this doesn’t go on forever.

Speaker 0 describes fractional reserve banking. When you deposit $100, the bank keeps just $10 in reserve and loans out the remaining 90 at interest. That $90 gets deposited into another bank, which keeps 9 and loans out 81 at interest. This cycle repeats and is called fractional reserve banking, a system that legally allows banks to lend or invest 90% of your deposits, effectively circulating new money into the economy. Wealthy investors and big corporations are the first to get access to big loans at low interest rates. With this loan, they buy real estate, stocks and businesses before the money circulates through the broader economy. By the time those funds trickle down to the working class, they have already triggered inflation. The result? The banks collect interest by loaning out money that didn't belong to them. The rich use borrowed capital from the bank to acquire assets that skyrocket in value, easily covering their low interest loans. And the working class are required to pay higher prices for rent and food, because the money supply has expanded, while the number of actual goods are the same. And that's how the rich keep getting rich and the poor become more poor.

The transcript presents a sweeping critique of the modern monetary system, arguing that money is created not by governments but by private banks through debt, with consequences that affect the entire world. The speakers outline a long historical arc in which banking interests, central banks, and debt-based money have steadily gained power, eroded public sovereignty, and produced recurring crises, while the general population bears the costs. Key claims and points - The root problem: The money supply is created by the community of money users through borrowing from commercial banks. The bulk of money creation originates with banks, which decide when and how much money to produce, leading to an out-of-control system. Governments borrow money from banks, which effectively enslaves the broader economy. - Concept of the debt-money system: The money system is described as a global Ponzi scheme, in which new money comes into existence as debt with interest. Because interest must be paid, the system requires ever more debt to be sustained, and people and nations are drawn into a cycle that benefits banks at the expense of the public. - Historical pattern of private control: The narrative traces a long history in which private banking families (notably the Rothschilds, Rockefellers, and Morgans) and allied financiers manipulated governments to borrow and to reward speculative advantage. It alleges that private central banks and debt-based money systems sought to consolidate power in private hands, sometimes by fomenting or exploiting crises. - Tally sticks and early monetary control: In medieval England, tally sticks were used as money and as a way to keep money power out of bankers’ hands. Their suppression by bankers in 1834 is described as a revenge of a debt-free money system that had empowered the public for centuries. - Goldsmiths, fractional reserve lending, and counterfeiting: The text explains fractional reserve lending as a historic means by which goldsmiths expanded the money supply beyond real reserves, enabling them to profit from interest and to influence economies; this practice is labeled a form of counterfeiting and a source of systemic instability. - The rise of central banking and central control: The transformation from debt-free or government-issuing money to privately controlled central banks is traced from the Bank of England (1694) to the U.S. National Banking Act (1863) and the creation of the Federal Reserve System (1913). The Aldrich Plan, the Jekyll Island meeting (1910–1912), and the public relations campaign to popularize a central banking system are described as pivotal steps toward centralized control over the money supply. - Lincoln’s greenbacks and the political fight over money: The narrative emphasizes Abraham Lincoln’s issuance of greenbacks during the Civil War as debt-free money created by the government. It claims bankers reacted defensively (Hazard Circular) and moved to undermine greenbacks through bonds and later the National Banking Act, which made private banks central to the money supply. Lincoln’s assassination is linked to the broader battle over monetary policy. - Civil War, the rise of debt, and depressions: The text links episodes such as the Panic of 1837, the Coinage Act of 1873, and the Panic of 1893 to deliberate contractions or manipulations of money supply by banking interests. It argues these episodes were engineered to force or normalize debt-based monetary arrangements and central banking. - The 20th century and the Federal Reserve: The Great Depression is attributed to deliberate contraction of the money supply by the Federal Reserve. The text argues that the Fed, a privately owned central bank, has operated to protect the banking sector at the public’s expense, with the 2008 financial crisis cited as confirmation of this dynamic. - Political economy and influence: The narrative contends that politics and academia have been co-opted by moneyed interests. It asserts that large campaign contributions from banks shape policy, and that many economists are funded or controlled by the Reserve and major banks, limiting critical debate about monetary reform. It also claims media and public discourse are constrained by debt relationships and corporate power. - Proposed reforms and principles: Across speakers, a consensus emerges around three core reforms: - Forbid government borrowing as a mechanism for money creation; return to debt-free, government-created money that serves the public interest. - Put money creation under public control, not private banks, with national or local sovereign authority issuing debt-free currency. - End fractional reserve lending and ensure robust competition among banks so that money is created in the public interest and channeled into productive real-economy lending rather than financial speculation. - Practical implementation ideas offered by some speakers: - Government to issue debt-free sovereign currency directly; private banks would compete to lend government-approved money to the public. - Eliminate consolidated currencies (e.g., the euro) in favor of national sovereignty over money creation. - Use monetary policy to match money supply with real productive activity, controlling inflation by adjusting the money supply through public channels rather than debt-based credit expansion. - Repeal or reform existing central banking structures to reestablish a Bank of the United States owned by the people rather than by private banks. - Promote transparency, reduce the influence of special interests in academia and media, and educate the public about money creation. - Enduring critique and warning: If the status quo persists, the system is said to threaten Western civilization and global freedom, with potential for continued debt-serfdom and systemic collapse if debt-based money and private central banks remain in control. - Concluding perspective: The speakers urge decisive reform, emphasizing that the truth about money creation is accessible to the public and that collective political will can restore monetary systems to serve the people. They conclude with a call to remember Margaret Mead’s idea that a small group can change the world, and exhort listeners to pursue debt-free monetary reform as a path to greater production, independence, and freedom.

The Fed operates on behalf of a few Wall Street banks, acting as a pump to strip mine wealth and equity from the American middle class. Companies and financial institutions used to make investments based on factory visits, management teams, production, financial figures, bank books, and inventory. Now, Wall Street only focuses on the Fed's next move. The country has been financialized, and industry has left for China through outsourcing.

The transcript presents a series of conspiracy claims about the Rothschild family, the Federal Reserve, and Jewish influence over global finance. - The Rothschild family is described as extraordinarily wealthy, with wealth estimates claiming “close to $500,000,000,000,000,” and as having hidden underground vaults, secret financial records never audited, and a public image that disguises a fortune that supposedly rivals a large share of global wealth. It is claimed they bought Reuters in the 1800s, which then bought the Associated Press, and that they “own controlling interest” in three major television networks, allowing them to avoid media attention. They allegedly owned and operated England’s Royal Mint and act as the gold agent for the Bank of England, directing it, with control over the London Bullion Market Association (LBMA) where 30 to 42,000,000 ounces of gold are traded daily, generating millions weekly from transaction fees. They are said to fix the world price of gold daily, hoard trillions of dollars worth of gold bullion, and corner the world’s gold supply. They allegedly own controlling interest in Royal Dutch Shell and run phony charities and offshore banking services to hide wealth in Vatican-linked accounts at Rothschild Swiss banks, trusts, and holding companies. A figure named Elbelein Rothschild is described as not harmless, with ancestors alleged to have handpicked presidents, crashed stock markets, bankrupted nations, orchestrated wars, and sponsored mass murder and impoverishment. The wealth is claimed to be sufficient to feed, clothe, and shelter every person on earth. - The Rothschilds are described as the head of a “snake,” with a one-mile square area in London referred to as the city, cited as the headquarters of their banking dynasty, controlling money supplied through central banks of almost every nation. - A Jekyll Island meeting in November 1910 is claimed to involved seven of the world’s richest Jewish men establishing a central bank called the Federal Reserve Bank. Named participants include Nelson Aldrich, Frank Vanderlip, Henry Davison, Charles Norton, Benjamin Strong, Paul Warburg, and representatives of the Rothschild banking dynasty, with others like Benjamin Guggenheim, Isidore Strauss, and Jacob Astor purportedly opposing it. It is claimed these opposers died on the Titanic, and that opposition dissolved by April 1912. On December 23, 1913, the Federal Reserve Act was signed, creating a privately owned Federal Reserve System. A quoted remark attributed to Woodrow Wilson alleges, “I’m a most unhappy man. I’ve unwittingly ruined my country,” and a stereotype about government by a small number of dominant men rather than free opinion. - It is claimed the Federal Reserve System is private, not federal, has no reserves, is not decentralized, and that the adoption of a debt-based monetary system was accomplished. It is asserted that the current banking system (fractional reserve banking) allows privately owned banks to create money “out of thin air,” with money existing as numbers in a computer system, only about 3% in physical currency, and that control of the Fed enables domination over banks, corporations, money, and politicians. It is claimed the Fed system enslaves humanity to perpetual debt and that the elite who own the Fed seek to maintain a monopoly over credit. - A speaker questions the proper relationship between the Fed chairman and the U.S. president, noting the Federal Reserve’s independence. - A quotation attributed to a figure named Harold Grales Rosenthal claims that Jewish power has been created through manipulating the national monetary system, that the Fed is owned by Jews while appearing as a government institution, and asserts antisemitic stereotypes about Jews as parasites and producers being exploited by Jews.

Banks create money out of nothing and lend it at interest, a legal form of fraud. The banking lobby blames inflation on high wages and speculation, not on the money creation by banks. This practice leads to economic problems that cannot be solved.

The National Security Agency has been monitoring illicit wealth for 15 years. It has been revealed that Wall Street has taken a staggering $100 trillion from Main Street through naked short selling.

The Federal Reserve, a private bank owned by private stockholders, controls the printing of America's money. They loan money to banks and the government, charging interest and putting the country in debt. The Fed gets its money from the United States Mint, which prints it for them. The Fed's control over the nation's wealth allows them to manipulate the economy and enslave the people through perpetual debt. In 1910, a secret meeting was held to establish a central bank, which would later be called the Federal Reserve. This secretive plan was executed on December 23, 1913, when Congress was mostly absent. The Fed's power to print money and the IRS's ability to collect taxes have resulted in the greatest theft from the American people.

Banks are broke due to fractional reserve banking allowing lending money they don't have. Central banks engage in counterfeiting through quantitative easing, manipulating interest rates. Politicians and central banks create moral hazard. Taxpayers bear the burden when banks fail. Without consequences, this cycle will persist.

The Federal Reserve is owned by banks that receive dividends from district banks, with profits remitted to the US Treasury. The New York Fed holds significant power due to its president's permanent vote on the Federal Open Market Committee. While there are conflicts of interest, the Federal Reserve today is seen as lacking in serving Americans' best interests, leaving the country financially vulnerable in times of economic shock. The institution's origins were rooted in the need for a central bank to stabilize the economy, but its current leadership is criticized for potentially harming the nation's financial stability.

The Fed operates like a pump, benefiting a few Wall Street banks while stripping wealth from the American middle class. In the past, investments were based on evaluating factories and management teams across the country. Now, the focus is solely on the Fed's actions. This shift has led to the financialization of our economy and the outsourcing of industry, with much of it moving to China.

Banks create money out of nothing and lend it at interest, which is legal but akin to counterfeiting or cooking the books. The banking lobby avoids changing the system by blaming inflation on high wages or housing speculation, not acknowledging the root cause of money creation by banks.

Speaker 0: So who are the people that actually get to be inflation? Well, they're the ones that are climbing up the network. They're the compromised ones. Why? What do they get? They get 0% money. The most corrupt money in the world is quantitative easing. Right? You essentially get the banks to buy the government's debt, and then central banks, put it on their balance sheet. So this is just pure corruption. This is below interest money. What about the banks? They get to create it for free. You know, they actually get to create it. They get a thousand decks on you you're paying 10%. They get they get to lever that up a 100 times. They get a thousand percent. And remember, this is all a debt based Ponzi scheme. The money to pay the interest doesn't exist, so you gotta find another person to take on the debt. You're either if you have a positive money in your in your bank balance, it's because somebody else is in debt. The money doesn't exist unless somebody else is in debt, and the money to pay the interest doesn't exist. So we create this economic environment where your money is continually being debased, and then you need to speculate in order to beat inflation. Now if you do a bit of speculation and you just invest some of your money in stocks, what happens? You're suddenly like, I don't know what stock to buy. I'm I'm not a professional trader. So there's a company out there, BlackRock, that will just buy all the stocks for me, and I just can give them a £100 a month or something. And, now I don't need to figure out what stock to buy. Okay. So now BlackRock is taking everyone's investment money that can't be bothered to figure out what stock through ETFs and index ones. Then they're taking everyone's pension. Then they're taking everyone's insurance contributions because you're trying to hedge some of the risk. And then when you get your house, you have to have insurance. And so where did BlackRock and all the asset managers in this financial industrial complex get all the money? It's your money. You paid for it. So then what do they do? Well, the banks create all of these. They they create new money every time they issue a mortgage. And then they say, do you know what? I don't even wanna take the risk of these mortgages anymore. What if can I just package it up and give it to someone else? So Larry Fink says, yeah. I've got all this money. All these people are putting these pension money in. Why don't we create something called a mortgage backed security? Let's package up all of these mortgages. Just put them into one product. And then what I can do is we can slap a credit rating on it. And if everyone complies, then they get this credit rating. Credit rating is not it's about compliance with the network. So now you've got all the banks are creating the money, and then they create these mortgage backed securities that allows them to control effectively all the real estate and transfer it. But who do they sell it to? They sell it to you. And so they created the money. They created the mortgage backed security, and then they sold it to your pension. So you paid for the very system for them to get the 0% money in the first place, and they're charging a fee for it. And what else do they get? They get a board seat on every company.

Banks are broke due to fractional reserve banking allowing lending of money they don't have. Central banks engage in counterfeiting through quantitative easing. Governments and central banks manipulate interest rates, not retail banks. Taxpayers bear the cost of bank failures. Without consequences for bankers and politicians, this cycle will persist.

Jerome Powell, the Fed chair, criticized federal spending, stating that the current path is unsustainable. This is significant because Powell has been supportive of Congress's spending habits. The US is facing massive deficits and increasing debt, which is draining the economy and posing a threat to the financial system. The Fed's role is not to manage the economy but to print money and deliver it to Wall Street and Congress through cheap debt. Powell's criticism is noteworthy as it shows concern about excessive printing. However, Congress continues its spending spree without any checks or balances. The media fails to address this issue, leaving most Americans unaware of the impending crisis.

The Federal Reserve's actions are worrisome. They've lost trillions by borrowing money at high rates (5.4% from banks, 5.3% from funds like Fidelity and Vanguard) to buy government bonds. This artificially inflates the government's perceived financial health, encouraging excessive borrowing when rates were low. This process diverts capital from the private sector, hindering business growth and job creation. Instead of the Fed holding massive balances, that money should be used by businesses for expansion and innovation. The Fed's actions are mirrored by other major central banks globally, exacerbating the problem. It's not money printing; it's expensive borrowing that harms the economy. Freeing up these funds would allow banks to lend to small businesses and stimulate economic growth.

The Federal Reserve is not a government agency, but rather a banking cartel that has the power of government enforcement. They created their own rules and regulations to self-regulate their industry, similar to other cartels like those in bananas, oil, or sugar. They presented these regulations to Congress as the Federal Reserve Act, giving the appearance of a government agency. However, if you don't follow their rules, you can go to prison. In essence, the Federal Reserve is a banking cartel.

The Federal Reserve is not a government agency, but rather a banking cartel that has the power of government enforcement. It operates like other cartels, such as those in the banana, oil, or sugar industries. The banking cartel created rules and regulations for their own industry and presented it to Congress as the Federal Reserve Act. Congress passed it into law, giving the appearance that the Federal Reserve is a government agency. However, failure to comply with their rules can result in imprisonment. In essence, the Federal Reserve is a cartel disguised as a government agency.

The Federal Reserve has destabilized the economy, acting as both arsonist and fireman through monetary manipulation. Fractional reserve banking allows banks to create money, leading to risks of insolvency. Central banks, like the Fed, enable governments to spend beyond their means, creating a "fiscal illusion." The gold standard restrained government spending, but the 1913 Federal Reserve Act established the Fed, promising to maintain it. The Fed was intended to be a lender of last resort to prevent bank failures. The Federal Open Market Committee makes interest rate policy, influencing the money supply. The Austrian business cycle theory suggests credit expansion leads to unsustainable booms and busts. Removing the dollar from the gold standard in 1971 led to fiat currency, causing economic uncertainty and stagflation. The Fed's policies create winners and losers, benefiting the government, large corporations, and political elites, while harming the average working American. Financialization has exploded since the gold standard ended, with Wall Street banks empowered by the Fed. The Fed's low interest rates inflated the housing bubble in the early 2000s. The 2008 crisis led to new Fed interventions, including buying mortgage-backed securities. The Fed's actions have resulted in an "everything bubble" of inflation, redistributing wealth from the middle class to Wall Street and Silicon Valley. A Fed-controlled digital currency could magnify its power, enabling control over spending. Some argue for ending the Fed, advocating for sound money, a return to the gold standard, and a free market approach to currency.

Central banks caused wealth inequality and economic instability. The Federal Reserve Act was deceptively passed in 1913 by wealthy bankers who disguised their intentions. They used misinformation to deceive the public and Congress, ultimately gaining a monopoly over American money issuance.