The Fed creates money out of nothing—ex nihilo.
That fiat money is loaned to the Treasury, to spend on government programs.
The IRS farms middle-class workers to pay the Fed back.
What is "The Fed"? An ultra-elite group of bank owners.
The Fed creates money out of nothing—ex nihilo.
That fiat money is loaned to the Treasury, to spend on government programs.
The IRS farms middle-class workers to pay the Fed back.
What is "The Fed"? An ultra-elite group of bank owners.
What does the Fed do with their earnings?