The Federal Reserve System
OngoingA private banking cartel with a government-granted monopoly on money creation. Despite its name, it's not federal and has no reserves. Creates money from nothing, loans it at interest, and has never been audited. Controls the entire US economy through interest rates and money supply.
Critical Facts:
- Owned by member banks, not the government
- Creates money through debt (fractional reserve)
- Has never been fully audited
- Controls interest rates affecting everyone
- Bails out banks while citizens suffer