Who REALLY Controls the Economy?

The Fed are the puppet master of the economy.

For a more detailed explanation on inflation watch this video:

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Johnny Harris is a 2-time Emmy winning filmmaker and journalist. He currently is based in Washington, DC, reporting on interesting trends and stories domestically and around the globe. Johnny’s visual style blends motion graphics with cinematic videography to create content that explains complex issues in relatable ways. He holds a BA in international relations from Brigham Young University and an MA in international peace and conflict resolution from American University.

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Comment (50)

  1. I thought the federal bank is controlled by the banks, and the government is the puppet? This is a genuine question that I really want to know, because the research i did years ago said something else Johnny said

  2. The us central bank (fed) allowed over 10 quadrillion of non-existent money to be printed.

    Find out what a quadrillion is and end the nearest bank to you.

    For more math fun, to 10 quadrillion divided by the world population.

    All world issues can be solved by ending billionares.

  3. no if it worked the housing market wouldn't have crashed and i wouldn't be paying nearly 2k a month for a shit roach infested house built in the 60s

  4. The only goal of the central bank is to keep inflation in check. And it is NOT ruled by the government, it is supposed to be independant, so that they can take difficult political decisions like … Highering interest rates

  5. Johnny could you do a piece on the belief in economic growth and the criticism about this? I see terms like recession and growth thrown around all the time, but almost nobody is explaining WHY thats a good thing and thats a thing worth to look into #equality

  6. A bunch of people here say that the fed is a private bank and while they are implying they are smarter than everyone else…there is a difference between private, and totally for profit. So for those of you willing to understand nuance…

    And anyone who knows what Ben bernanke did during 2008 should hold him in high esteem instead. The fed is a blunt instrument and not the only way to move the economy. But would rather have it than not

    is the Fed private or public?

    The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans. Member banks also elect six of the nine members of each Bank's board of directors. The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public.

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