Bitcoin and the Dark History of Central Banking with Chris Sullivan (WiM527)
The "What is Money?" Show
Unraveling the Federal Reserve's Impact
This chapter explores the controversial history of the Federal Reserve, including its secretive formation in 1913 and its role in exacerbating the Great Depression through tight monetary policies. It critically examines the systemic issues of fractional reserve banking, the implications of federal deposit insurance, and the corrupt practices within the banking system, drawing parallels to significant financial crises. The discussion emphasizes the need for public awareness and highlights the dangers of complacency in the face of systemic economic manipulation.
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