Free Republic

The Federal Reserve (the "Fed") is a behemoth agency with the ability to manipulate and control the entire American economy. Our jobs, our finances, our savings and, ultimately, our livelihoods — all of them are subject to the decisions made at the Fed. But the Fed’s deliberations and operations happen behind closed doors. It’s time for us to know how the Fed makes its decisions. Congress must take immediate steps to provide transparency for the American people. No other institution has so much unchecked power. Look no further than the unlimited authority the Fed used in response to the COVID-19...

@RandPaul Congress spends $2 trillion more than its revenues, the Fed then buys this debt. Congress then pays the Fed interest. The Fed then pays interest to big banks to keep cash reserves. This is how govt makes the rich richer. But it gets worse. According economist Judy Shelton: “44% of the more the Fed currently [pays to the big banks] goes to foreign banks.” So, as Congress drags our country into bankruptcy, the FED enriches rich foreign banks.