The current Federal Reserve balance sheet has about 9 trillion in assets, I wonder they got the 9 trillion to acquire these assets.
I guess the 80-100 billion a month the Federal Reserve is buying in US Treasuries is an open market transaction.
We’ll just have to agree to disagree, to me the Federal Reserve is a bank cartel meant to privatize the profits of the banks and socialize the loses on the backs of the public.
Okay, but look a little close at the author too, if you’re not willing to look into the facts about the control of the Federal Reserve.
From Wikipedia:
George Edward Griffin (born November 7, 1931) is an American author, filmmaker, and conspiracy theorist. Griffin’s writings promote a number of right-wing views and conspiracy theories regarding various of his political, defense and health care interests. In his book World Without Cancer, he argued in favor of a pseudo-scientific theory that asserted cancer to be a nutritional deficiency curable by consuming amygdalin.[1][2][3] He is the author of The Creature from Jekyll Island (1994),[1] which advances debunked conspiracy theories[4] about the Federal Reserve System. He is an HIV/AIDS denialist, supports the 9/11 Truth movement, and supports the specific John F. Kennedy assassination conspiracy theory that Oswald was not the assassin.[1] He also believes that the Biblical Noah’s Ark is located at the Durupınar site in Turkey.[5]