Federal Reserve Chairman Admits Simple Truth About Central Bank Operations, That U.S. Money Supply Is Basically Created Out Of Thin Air
CBS' 60 Minutes Correspondent Scott Pelley interviewed Federal Reserve Chairman Jerome Powell on May 13th, 2020 and the interview aired on Sunday May 17th, 2020. Chairman Powell was quite frank about the way the Federal Reserve manages the U.S. money supply and economy. Check out these quotes from the interview transcript:
If you're unaware of or confused about the way the Federal Reserve Bank system actually works or how central banks like the Federal Reserve are a horrific danger to a free society, you might start with this 30 minute illustrative, informative and entertaining cartoon.