The Crash Course Chapter 3 – THE FED

If you don’t understand what the US Federal Reserve is, How it operates, or who owns it, you’re flying blind.

The Fed is the most powerful entity in the world. Far more powerful than the Department of Defense, far more powerful than the CIA, and far more powerful than all of the politicians put together.

Money controls our lives and The Fed controls the printing press. It can create as much or as little money, without any oversight, any time it wants to. It can flood the world with currency, or create a massive drought by draining it away.

Any and every move it makes affects the entire economy, global markets, and the lives and futures of every single American and quite a few foreigners.

Naturally, these facts are almost never discussed publicly.

But isn’t it in all of our interests to understand and question why The Fed decided to throw an entire generation under the housing bus by rescuing house prices (i.e. making them go higher by lower interest rates)? That act bailed out existing homeowners but trashed the economic and household formation dreams of the next generation in line.

Who gave them that power?

And who granted The Fed the right to enrich the ultra-wealthy by shoveling endless piles of money at the financial markets for so many years?

These and many other revelations are discussed in this foundational, essential chapter 3 of The Crash Course.

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This is a companion discussion topic for the original entry at

Wealth Gap

The gap is real, but the wealthy need more than their money. They are quite lost, freaked by the Covid experience, and starting to ask real questions. It’s easy to be intimidated by someone of a higher economic class than you, but right now they are primed to listen.

Ecb Vs Fed

Hello Chris,
this was a great representation of the FED. But since I am from Europe, is the ECB the same as FED?
In the book Communist Manifesto, Karl Marx wrote that 1 of ten steps for the country being a communist country, is opening/creating a central bank. Does that mean that more or less every country in the world is saying that communism is bad, but in reality all our representatives are dreaming of just that regime. Having communist powers over us and doing that in such a way almost nobody will noticed.
Thanks for all the hard work you do that I and many of us just don’t have time for.

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Yes, the ECB is the equivalent in Europe. But, practically, the ECB takes a lot of its direction from the US Fed.

G. Edward Griffin Interview-4 Days Ago!

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Thanks, hadn’t heard him speak before. Good discussions and can see why Chris mentioned him so positively.