“FEDERAL RESERVE FUNDED FINANCIAL INSTITUTE
“Let that sink in for a minute. Got it? They’re using your tax dollars to f*ck over the lower and middle class, and its permanent.”
The Federal Reserve doesn’t use tax dollars. Any income it generates above basic expenses reverts to the US Treasury. And I fail to see how they could be involved in this scheme since the Fed isn’t an investment bank.
Other than that it’s an interesting article. Sounds like what has been happening in the Southern California real estate market, except that we also have a lot of Chinese investment money driving up prices.
The Federal Reserve is a private banking cartel that is exempt from anti-trust laws. The myth that they return all of their excess profits to the Treasury is just as mythical as Biden’s victory in November.