The Federal Reserve is a banking cartel
Ironically, the world is looking to the Federal Reserve and the U.S. Treasury to solve our money problem even though those institutions are causing the problem.
Federal Reserve is not federal, and it is not American. The Fed is owned by some of the richest families in the world.
The Federal Reserve is a banking cartel just as OPEC is an oil cartel.
Few people realize it has no reserves because it has no money. It does not need a big vault to hold money.
Why do you need to store money when Monopoly's rules for bankers apply?
The Federal Reserve Bank is not a bank - that idea is as illusionary as our money.
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The Fed runs the game
It does little good to question the motives of the Federal Reserve's founders.
The reality is that today the Fed runs the game.
Rather than ask if the trillion dollar stimulus package will work, it is smarter to ask yourself, "Where does that trillion dollars come from? Is it sitting in someone's vault?"
In very simple terms, the central banks of the world can only do two things. They are:
1. Create money out of thin air, just like the rules of Monopoly allow - something they are doing today by the trillions.
2. Lend money they do not have. When you borrow money from a bank, the bank does not need to have that money in the vault.
