The Federal Reserve was established in 1913 to stabilize the economy, but it has evolved into a system that prioritizes the interests of unelected technocrats and private banks over the average citizen. Despite significant economic challenges like recessions and the Great Depression, the Fed continues to operate without accountability. By creating money and offering it to banks at low rates, it inflates asset bubbles that benefit the wealthy while exacerbating hardship for everyday Americans. The system's fragility was exposed during the 2008 financial crisis and the subsequent pandemic stimulus, leading to rising inflation and stagnant wages.
Founded in 1913 under the guise of stabilizing the U.S. economy, the Federal Reserve was created through the Federal Reserve Act-legislation passed in a late-December congressional session while most Americans were busy with the holidays.
It prints money out of thin air, lends it to banks at ultra-low interest rates, and inflates asset bubbles that only benefit the wealthiest.
The Federal Reserve funneled trillions into 'too-big-to-fail' banks while Main Street businesses shuttered.
Since then, inflation has soared, wages have stagnated, and the cost of living continues to climb.
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