Who needs the federal reserve?

This is the best book I ever read about the money system and how BullShit it all is


Ellen Brown is a great author and a big time advocate for public banking
 
RainMaker3000 said:
why do we have to pay interest? maybe the federal reserve can pay the outstanding student loans that people are crying about. I've heard that they clear about 80 billion plus in profits a year...smh....sheesh, how blind are people?
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Before the Federal Reserve, the US government printed its own money. What the Federal Reserve does is print money our government needs and charges us interest for doing so! Also, it is a private bank and not part of the Federal Government as some people think! We do not need the Federal Reserve. We did fine before it was enacted into law.
 
smallfil said:
Before the Federal Reserve, the US government printed its own money. What the Federal Reserve does is print money our government needs and charges us interest for doing so! Also, it is a private bank and not part of the Federal Government as some people think! We do not need the Federal Reserve. We did fine before it was enacted into law.
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There is some sensible justification for keeping money creation out of politics. But in the era of blockchain, it should be done automagically and delivered directly to the pockets of the people.

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It is a lame excuse to enrich the bankers who own the Federal Reserve. Why else would they create something that benefits them only? Monetary policy should be run by government agencies where they can be held responsible if they abuse their powers. Federal Reserve is accountable to no one!
 
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