The Federal Reserve is the most secretive public organization in the United States. The power that they wield is unknown to the public. It claims to be a central bank acting in favor of the American public but this couldn’t be further from the truth. Markets have been aggressively buying the dip here in early 2019 as the Fed continues to spread their propaganda throughout the media, ensuring the public remains calm. But what’s really going on?
Jerome Powell:
Balance sheet will not be at where it was before crisis. Too much money has been created.
Claiming the Fed is very transparent.
Fed is self-funding. We buy securities and make profit. 1.7 trillion in currency. We earn the spread. Then claims the excess profit after expenses is given back to the Treasury.
“The Fed is audited.”
