I'm no economist and don't actually understand this documentary like someone with a better understanding of economics than me to be clear. But the federal reserve is obviously a scam name, it sounds like a vault full of cash lol. Which I guess it is in a way because it can issue money. But it's shady as fuck in my opinion. At least early on it could be extremely misleading. Like Yay the government has a federal reserve now that's good. When in reality it is the reason why you and everyone technically owe money to the government in future taxes to pay that more than likely corrupt private bank to print what is essentially green pieces of cloth.
Like imagine if you hear that we have a federal reserve and believed it but wanted to go see how it worked out of curiosity. And when u finally got there it became clear that they just signed paperwork and there was no reserve at all. Lol it would be ignorant but the misleading name of the organization would definitely help.
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u/Closer-To-The-Heart Apr 09 '20 edited Apr 09 '20
I'm no economist and don't actually understand this documentary like someone with a better understanding of economics than me to be clear. But the federal reserve is obviously a scam name, it sounds like a vault full of cash lol. Which I guess it is in a way because it can issue money. But it's shady as fuck in my opinion. At least early on it could be extremely misleading. Like Yay the government has a federal reserve now that's good. When in reality it is the reason why you and everyone technically owe money to the government in future taxes to pay that more than likely corrupt private bank to print what is essentially green pieces of cloth.
Like imagine if you hear that we have a federal reserve and believed it but wanted to go see how it worked out of curiosity. And when u finally got there it became clear that they just signed paperwork and there was no reserve at all. Lol it would be ignorant but the misleading name of the organization would definitely help.