Today I talk about the Federal Reserve System's mission to create full employment and stable prices are covers for their covert mission of lumbering the American public and the rest of the world with endless debt.
I will discuss the last question asked by one of the reporters in yesterday's press conference conducted by the Jerome Powell, the chairman of the Federal Reserve Board of Governors.
Hopefully, after watching this report you will come to the same conclusion that I have and that the Fed is not the general public's friend and that it is there to serve the interest of Wall Street and the big multinational corporations.
FOMC Press Conference, April 29, 2020:
Distribution of Household Wealth in the U.S. since 1989: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:1989.3,2019.2;quarter:119;series:Net%20worth;demographic:networth;population:1,3,5,7;units:shares
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Thanks again, Maneco64. Yes, "printing money by keystroke" has gotten easier. Even during Weimar, Germany's inflationary period, they began to run out of ink, printing only one side of the Mark Note Currency. The paper was more valuable as a blank note pad than an inflated worthless note currency.
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The man above seems to me no more than a petty official from public health center. He has neither brain to perspect the cause of problem nor empathy to the unemployed people.
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