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All About the Bank | THC Podcast 302
Understanding the Federal Reserve and How to Protect Your Money in the Digital Age
In 1913, JP Morgan and others established the Federal Reserve, a private banking institution that controls monetary policy and loans trillions of dollars to the US government each year.
Banks are allowed to loan out 10 times more money than they have on hand, and larger financial institutions are buying up assets and liquidating them at prices they decide.
The government is buying up assets from a tech-driven bank and media reports can easily trick people into withdrawing their money. It's better to have money…
The skinny
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