Powell Admits: Federal Reserve is a Profit-Making Corporation
passagetoliberty.substack.com
For more than a century, so called conspiracy theorists have been telling us that the Federal Reserve is a private company that rakes-in trillions of dollars in profits each year by printing money, manipulating interest rates, and dictating ever-changing monetary policies. Such great works as The Creature from Jekyll Island by G. Edward Griffin, and The Money Masters by Bill Still have painstakingly documented these facts. Yet the world is still under the delusion that the Federal Reserve is a government agency. Well, on March 6th, 2024, Federal Reserve Chairman Jerome Powell admitted, under questioning by the House Financial Services Committee, that the company he chairs does, in fact, make trillions of dollars in profits annually.
Powell Admits: Federal Reserve is a Profit-Making Corporation
Powell Admits: Federal Reserve is a…
Powell Admits: Federal Reserve is a Profit-Making Corporation
For more than a century, so called conspiracy theorists have been telling us that the Federal Reserve is a private company that rakes-in trillions of dollars in profits each year by printing money, manipulating interest rates, and dictating ever-changing monetary policies. Such great works as The Creature from Jekyll Island by G. Edward Griffin, and The Money Masters by Bill Still have painstakingly documented these facts. Yet the world is still under the delusion that the Federal Reserve is a government agency. Well, on March 6th, 2024, Federal Reserve Chairman Jerome Powell admitted, under questioning by the House Financial Services Committee, that the company he chairs does, in fact, make trillions of dollars in profits annually.