Money They create it in the families.
I just read
article on the Federal Reserve. The Federal Reserve (aka The Fed) is in the news because of what occurred with SVB Bank.
However, we’re not talking about that bank right now. This article I read, featured at the bottom of this post, is on the Federal Reserve and is eye-opening, jaw-dropping, factual accurate for anyone unfamiliar with this private bank.
Some quick highlights to know:
- The Federal Reserve was created after the Titanic sank. Some people say that the Titanic had individuals who opposed the creation of the Federal Reserve, but that’s a story for another day.
- The Federal Reserve is a private bank. It’s not part of the Government. It’s a private bank – that eight families may own since its creation in 1913.
- The Federal Reserve operates as a Central Banking System
This Central Banking System is fundamental and very important when discussing topics. This analogy paints how private families can “run the world.” Here’s how this looks:
- Private families own a Central Bank
- The Central Bank loans money to a country
- That country is now indebted to the Central Bank, owned by private families.
What’s equally important to understand is that the Central Bank “prints” money when it gives these countries money. Think about this:
- You have a private bank that prints out money it loans.
This information may be new to some, and if so, welcome! Here at Unorthodoxy, we attempt to look at things from an “unorthodox” perspective.
Wrapping up with the Fed, some of the other critical points covered in this article are: how banks are only required to keep 10% of actual cash in their deposits and the example of “fractional banking.” Fractional banking is quite interesting and goes a little something like this:
- If you have $10 in your reserve and only keep 10% ($1) in your account but loan out the other 90% ($9), if you’re a bank, that loan amount ($9) is considered an asset.
- Therefore, you can now loan even more money off that $9. Literally making money out of thin air.
Phenomenal stuff in this article. But we’ll close here with this:
- This article was written in 2019. Before the pandemic and before this recent inflation.
- Central Banks are always considered saviors because our banks are “too big to fail.”
- Central Banks like the Feds are taught to stabilize the economy, when time again, it appears that they destabilize the economy
- Every time the Federal Reserve “increases” money into the economy, the money you have “decreases” in value. I discuss that here and what you can do to prepare.
With all this information covered here and in the article below, it shouldn’t surprise you why the Fed is coming to save the day here. It shouldn’t surprise you why money is getting pumped into the markets. This should start to give you an unorthodox view of reality.