Does the Fed Print Money? Of Course! Jim Bianco Calls It “Fraud, Counterfeiting”

The biggest advocate of more "money printing" is the Fed President of the NY Bank. His managers (the board of the NY Fed Bank) are Wall Street Presidents themselves. Talk about a HUGE conflict of interest. The media fails to point this out because they are controlled as well. Wake up people! You are being scammed.

And few see a problem with this. Let's remember, Dick Fuld, while running Lehman into the ground was also on the board of directors on the NY Fed with turbo tax Timmy.

The Fed was started by 13 families, which made 13 banks across the US, they own the US.

Fact: Commercial Banks own all the stock of the FED and therefore own the FED. Fact: The Fed uses quantitative easy (purchasing bank assets) to inflate the economy (create money). Fact: this will eventually cause inflation. It hasn't hurt much yet, because of the 20% unemployment rate in the country (that's right-20%-the government numbers are skewed to not include those unemployed who gave up looking and those that are way underemployed). Fact: when inflation starts to increase in a substantial way, the FED will reverse course and start selling (FOMC function). The lack of interest in buying these assets will force the price down and the rate up (You will know this is happening when you notice 5,10,20 and 30 year Government Treasury Bonds yields going up sharply. Fact: this will cause a general rise in interest rates throughout the economy-car loans, credit card loans, mortgage loan interest will all go up sharply. Fact: The FED is trying to boost the economy in order to increase employment. Unfortunately, this must come at the expense of dollar devaluation. Currency loses value when it is out of proportion to production and productivity. Tightening the money supply (like FED Chairman Volcker did in the early 1980's caused a serious recession (business goes down overall) but had the intended effect of taking inflation (wild price increases) out of the equation. Once that happened, he eased up just right and the recession turned into a major boom. Fed Chairman Greenspan gamed the system by artificially keeping rates low in the 1990s up until 2003 so as to keep the Reagan -Clinton boom going. Unfortunately, he forgot how to turn off the spigot and flooded the economy with so much cheap money that everyone decided they were rich and invested in real estate until the big bust. Of course, the FED was aided by Congress's effort to give people something for nothing, the Big Wall Street Banks greed (they just went along to get rich), and foolish people who dreamed they could own a house without a down payment and or sufficient income to support the payment. That's my opinion, anyway. What's yours?

Our recent attempt to answer this seemingly simple question prompted a torrent of comments, much of it negative and unfit for publication…TRANSLATION………Our last attempt to creatively deceive the yahoo audience failed most of you people see through the ruse so we here at the office of propaganda will try to create more distractions to keep your minds off whats really going on!

Yes! Vote Ron Paul, end the FED! End a terrible system that exploits the working class!

Who actually owns the Federal Reserve Bank ?
Who actually gets all the interest that we Americans pay on the trillion of dollars our government is in debt to the Fed ?
Can some one answer this question?

The US public are by and large a bunch of friggin idiots. They prefer their American Idol and Playstation to a democracy which is a government elected by the people to serve the people. Just look at voter turn out. It is a joke. Lets face it we are getting what we deserve for being clueless and careless with our responsibilities as citizens in a democrtic society.

Our founding fathers and the people that fought for our liberty in the 1700's must be throruoghly digusted. Maybe one day it will get so bad that people will put down their Playstations and turn off their 3D TV's and march in the streets of DC. Lets only hope.

Until then just get used to being screwed by big government and the self serving interests of our politicians. The fact that many young people support Ron Paul indicates that maybe there is some hope for the next generation. After all we are the most indebted nation in the history of mankind. That doesn't sound like it will end well does it? Way to go Republicans and Democrats alike.

The Fed is a privatley owned company and has nothing to do with the Govt

Every additional dollar added to the money supply DILUTES the value of every other dollar in the total supply....if we continue doing this, big enough, long enough...we drive inflation...because it will take more dollars to purchase goods and services because the value of the dollar is declining. HELLO????
Combine that with reduced and flat incomes for the majority of Americans that still have a job, how are people going to buy durable goods and services, buy homes, buy cars if their discretionary income is negative, and they have NO ACCESS to credit? The banks are NOT lending to average people. They are not writing mortgages for average people wanting to buy even modest homes. Our economy is crippled, and small business is cash flow strangled. The big banks are killing our economy with the Feds help!

Even though the treasury physically prints the money, it is under the direction of the FED. That why all of your dollar bills say "FEDERAL RESERVE NOTE." How is that so darn difficult to understand?

Now that makes more sense, END the fed PERIOD!!!

Aaron, you got so much negative feedback from your earlier video where you said the Fed doesnt print money. Very funny.
Printing money to everyone else means expanding supply of money. Electronic or paper its an expansion of money supply.
Give it up, your interpretation was wrong then and now. Putting ink onto paper is not printing money with out the Fed increasing the money supply.

When the dollar losses it's world reserve currency status, there's going to be a real wake up call to the American peoples standard of living. And it ain't going to be good.

Does the Fed print....DAH
Yes they do from thin air, nothing to back it, and then, they sell to us with interest. What a racket. Another is the fed has foreign-ownership and it prints money. Read what the Constitution says about that

Ron Paul...he wants to end this FRAUD!

I'd rather see notes printed by the U.S Treasury, 1 note = 1 bond
No wonder Ron Paul ask where's the bailout billions? Where? Paying illegal drug dealers, illegal weapong dealers.
The citizens of U.S.A better do something, because the FED will turn U.S the next Greece.
By the way, Alan Greenspans favors the return of Gold Standard
Before I leave, my support to Ron Paul.
Viva Estados Unidos de Norte America!

I traded in my private banker dollars for a bag of crushed aluminum cans. Turns out they are worth more...who knew?

This is a spin article. The Fed controls the money supply. They are the ones that CHOOSE to print more money. The control the warehouse that prints it. It is all part of the same group of private banks and pseudo federal entities.

Its not Federal,,and no reserve,,but it does have an endles inkwell