The Federal Reserve, established in 1913 following the 1907 financial crisis, serves as a central banking safety net that creates money to bail out banks during crises, creating a system where banks profit from lending without risk while losses are ultimately borne by taxpayers.
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Federal Reserve banking bailout systemAdded:
In 1910, Rockefellers, Rothschilds, and Morgans met on Jekyll Island. Their plan? Protect their banks from ever failing. Bankers lent money they didn't have for interest. During the 1907 crisis, people withdrew savings, banks lacked cash. They met on Jekyll Island for a safety net. Their solution? The Federal Reserve. Established in 1913 as America's central bank, it creates money out of thin air. Banks still lent money they didn't possess, collecting interest. If reckless, the Federal Reserve would print money and bail them out. This created a no-risk system.
Heads, they make billions. Tails, taxpayers bail them out. Subscribe for more untold history.
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