The Fed's Money 'Printing' Explained

The U.S. Federal Reserve creates free money for those who are "creditworthy", which artificially raises their wealth, indebts the poor, and inflates money on people's savings. It's time to have a discussion whether this is acceptable in a society of the greatest income inequality in history.

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The footage and images featured in the video were for critical analysis, commentary and parody, which are protected under the Fair Use laws of the United States Copyright act of 1976.

[strawhatluffy]

It is a bad sign when virtually no one is talking about such an important event. Thank you for bringing it to all of our attention.

[banksofbarcelona]

The solution is to creatively destroy the petrodollar system and go back to the gold standard

[footballdreamer]

How many didn't saw 2020 Fed coming?

[MLaki-dleu]

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning". - Henry Ford

[Kron]

"It's a big club, and you ain’t in it" - George Carlin

[drakedoragon]

To sum it up. "The comfort of the rich depends upon an abundant supply of the poor" Voltaire

[TheSaival]

fun fact: people think this is free market capitalism

[timothymcgoldrick]

How dare you breathe this hint of Truth. The people must have what the people need, Bread and Circuses. So move along now nothing to see here.

[ausmate]

Who is watching in 2020, when FED is printing trillions in matter of days!?

[fleabag]

I'm pretty big on free market capitalism, but there are major issues with the FED and US banking in general. Here are some facts:
- The Federal Reserve in the US is privately owned by the banks, proportional to the size of the bank.
- Whenever money is created, it takes its value from the existing money. Money creation devalues all the money that other people hold
- When the US Federal Reserve creates money, it usually buys government bonds and the government has to make payments to those bonds. So not only did they take the value for the money from the existing money held by US citizens, but the US citizens have to pay tax to pay for the bond payments
At least when a federal reserve is owned by the government, money creation is a tax on all existing money. But the US has given this ability to tax existing money to private bankers. That's insane. The Federal Reserve is an extremely profitable asset owned by the banks. Not only that, but banks heavily benefit from the creation of new money due to the expansion of the money supply through fractional reserve banking. The incentives here are incredibly perverse in favour of the bankers, and the potential for abuse is very high.


Also, one final remark: Many of the problems with modern capitalism come from the limited liability company. This allows for privatised profits but socialised losses. You don't need bailouts if the owners of companies (like banks) had to pay the debts of companies they own. I see these things as a perversion of free market capitalism, and it's almost always government creating these perversions through corrupt politicians and bureaucrats.

[itsraahul]

From other side of the world, but also doubt my government does this shit too, cuz all media/news channels support Government, nobody questions them. You're bringing out a great content 🙌

[krey]

“Gold is money, everything else is just credit...”

[ayanned]

it is not free money...
the people pays for that in blood, sweat, and labor.

[briansinger]

Control the medium of exchange, and you own everyone.

[unom]

You ain't getting no money from YouTube with this video...

[ssbeast]

Thank you for covering this topic so few people cover this is a very important subject that few people ever acknowledge

[philipmolokwu]

When big banks "lose" money, who is on the receiving end? Who earned the money they lost?

[zwiebec]

who needs interest, or taxes for that matter, when you can just print infinite currency to obliterate the savings of the people who actually bring the most value to the economy...


side note - this is NOT free market capitalism (I hesitate to even put the word capitalism in there).

[Vasileski]

3:14 when you owe someone 1000$ you have a problem
when you owe someone 100.000.000$ THEY have a problem

[pratikjain]

bank doesn't lend money to spend it, they lend it so that you can invest it in the business and expand. Yes most big companies gives 95% in divident and share buy back, simply because they are big in size and cant re invest that money as efficiently as they can when they were small in size.