It was always right there.

Hiding in plain sight.

Right under our noses everytime we played the simply game of Monopoly.

It’s almost like they were mocking us. ‘We have the monopoly on money and we don’t. Deal with it.’

This was brought to the attention of 31,000,000 people via Elon Musk’s post on X.

He simply stated how the Fed works.

They never run of money because they print however much they need.

How the Federal Reserve works pic.twitter.com/3rRhbBfcJe

— Elon Musk (@elonmusk) May 11, 2024

The Heritage Foundation, an activist American conservative think tank, wrote a piece about this not long ago:

Every major economic downturn of the last 110 years bears the mark of the Federal Reserve. In fact, as long as the Fed has been around, it has swung the economy between inflation and recession. Yet Americans, surprisingly, have tolerated it.

But we shouldn’t expect that to go on forever. We had three central banks before the Fed and confined each to the ash heap of history. The problems inherent to central banking are cause to scrap the Fed as well.

Central banking dates to 1694, when the Bank of England was founded for the purpose of creating the hidden tax of inflation to provide cheap money to government—above all, for Britain’s many foreign wars. In exchange, the central bankers were paid well with interest.

Like any government-favored bank, the Bank of England lent money it didn’t have, lending far more than the silver in its vaults. The British government endorsed this fraud because the king and Parliament wanted the money.

But the fraud went further still: The Bank of England was allowed to use its new government bond holdings to back private loans, which meant creating even more money with no silver behind it to lend to private banks. This, too, earned interest, even though the money was created out of nothing.

The explosion of money caused a tissue fire in the British economy—a short period of fast growth followed by rampant inflation and an economic collapse. The boom-bust cycle was born, what we now call the “business cycle.”

When the Bank of England didn’t have enough silver to exchange for all the money it created, the British government pulled the 18th-century equivalent of a bailout by suspending specie redemption, allowing the Bank of England to stop repaying in the silver it had promised.

Central banking was imported to the New World before the Constitution was even written. The Bank of North America, our first central bank, copied the Bank of England and created hyperinflation under the Articles of Confederation. At that point, the Founding Fathers scrapped both the Articles and the bank.

Thinking that the bank needed a replacement, Congress created the First Bank of the United States in 1791 to consolidate the various currencies and debts from the states and to provide short-term loans to the government.

The First Bank was forbidden from buying government bonds to avoid its predecessor’s hyperinflation. But when the government needed more revenue, Congress decided to sell its shares in the bank, and the charter wasn’t renewed. The central bank was dead, and the U.S. economy boomed until the War of 1812.

To finance that war, the government borrowed heavily from regional banks, which created money out of nothing for the government. That meant that much more paper money was in circulation than gold and silver in bank vaults. When people tried to redeem their paper for specie, the banks didn’t have enough, and many failed.

To bail out the banks, Congress created another central bank in 1816, the Second Bank of the United States.

The Second Bank curtailed excessive lending by regional banks, but only after first encouraging it. The result was a debt-fueled boom followed by a bust in 1819 that sparked the nation’s first depression.

Many in Congress were tolerant of the violent economic spasms caused by the central bank because it provided money for them to spend without overtly raising taxes. But the people were not fooled and would not tolerate it. They elected Andrew Jackson to do battle with the beast, and he ensured the bank’s charter wasn’t renewed in 1836.

That ushered in some of America’s greatest decades of economic growth.

The Golden Age came to an end in 1907 when mismanagement by major banks touched off a bank crisis that required a herculean rescue effort by J.P. Morgan and Co. In response, J. Pierpont Morgan wanted the government to sanction a private “bank for bankers” to respond to such crises.

I’ll let ChatGPT explain what happened right after that:

The Federal Reserve System, often referred to as the Fed, was established on December 23, 1913, with the signing of the Federal Reserve Act by President Woodrow Wilson.

The Federal Reserve Act created a central banking system. The Fed was established as a decentralized network of regional Reserve Banks overseen by a Board of Governors in Washington, D.C. Its primary objective (was control. – Me)

Ever hear the story about the group of men that were opposed to the creation of the Federal Reserve?

All of them just happened to take a one way trip on a new luxury liner in 1912. The Titanic.

It’s almost like it was planned to remove opposition.

But where would they get an idea like that from?

A book from 1898?

It’s worse than that pic.twitter.com/pJfmwQzhp5

— 0420 (@FlipCrypt) May 11, 2024

And here’s how the Federal Reserve controls nearly every aspect of your life: pic.twitter.com/xfmLeRnKwt

— Noble (@noble_x_x_) May 11, 2024