How does the Federal Reserve work? Yahoo Finance explains

Brian Cheung of Yahoo Finance breaks down the history of the Federal Reserve and how it works.

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[killzthief]

No real questions and no hard answers. Thanks for the amateurs discussion!

[InLakech]

The man who funded the building of the titanic, J.P. Morgan, cancelled his long-awaited journey just hours before its scheduled departure. 3 of the wealthiest men on earth, whom were against the creation of the federal reserve bank, happened to be invited aboard for its maiden voyage (John Aster, Isador Strauss and Benjamin Guggenheim). It then headed full speed into a known iceberg-field, with less than half the required lifeboats, no red signal flares, no rothschilds or rockefellers on board, and sank to the bottom of the north Atlantic ocean. Less than a year later, now that the wealthy opposition was out of the way, the federal reserve was created and USA was turned into an incorporated business, with its own business id number, 28 U.S.C. 3002 15,

[LJeremy]

Who the fuck is getting paid to make these videos

[killzthief]

Whats the point of a yahoo finance channel if you are only providing surface level analysis. What a let down

[odessasajurga]

We have certificate if federal reserve system..

[mrliamalan]

Is the Federal Reserve sustainable?
1996-2008: GDP ↑45%, Monetary Base ↑46%
2008-2020: GDP ↑32%, Monetary Base ↑600%

Prior to 2008, the Monetary Base and the GDP were 98% correlated reflecting the reciprocal relationship of money and economic expansion.

Can the current rate of monetary expansion without corresponding GDP growth continue without consequence?

*Bloomberg sued The Federal Reserve in 2011 and uncovered a $7.7T secret bank bailout not represented here.