What Is The Federal Reserve? Kal Penn Explains | Mashable

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The Federal Reserve is the official bank of the US government, and it has a major impact on America's economic health.

Featuring: Kal Penn, Beth Stelling, Kevin Barnett

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This is one of the most deceptive and worst videos of ever seen. This hierarchy needs to be deleted.

Q_

"Coin Shortage"

Why is there a coin shortage. Why did I wake up one morning and all of a sudden I couldn't get my change back from the convenience store.

As a matter of fact, I went in to my local gas station and was owed .59 cents in change. I wasn't able to get it. At that moment I was literally robbed for .59 cents by a business that already profits millions.

It's not just the .59 cents that they got from me. It's the total amount of free money they got that day by robbing the many people that chose to shop in their store.

Why is there not some other kind of a refund system, set up for people who chose to spend their hard earned money, at a place that is willing to steal from them at the expense of a seemingly excusable and justifiable cause, such as this coin shortage?

jamesbuchanan

when the comments explains more than the video.. 😂

thisguy

you left out some pretty important details, like how the federal reserve is not "federal" and has no "reserves"

zofam

I wish you guys wouldve addressed some of its criticisms...like it being privately owned..lack of transparency

melowmedia

Kal, wtf man. I expected better than that from you.

aracataca

You missed the most important part, where is the rest of the money? Its in a circulating debt machine we call the economy.

missionpupa

Hey Kal just keep playing funny movies...leave important matters like explaining what the Ponzi scheme "the Fed" is to others!!

samenta

Ever wonder why the value of the original dollar is now ~3 cents (based on gold)?

jaym

If you're interested in what the Federal reserve does and how it works, please do yourself a favor and go watch other videos, this is really not the best explanation

cryptofactsu

Well if Kumar is explaining what the Fed is there's nothing suspicious going on here...

PIFFthePUFF

So they hired the dude weed and burgers guy to explain that they don't do anything.

xJohnnyComax

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.

mrliamalan