The Crash Course Chapter 3 – THE FED
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 23 May 2023
⏱️ 48 minutes
🧾️ Download transcript
Summary
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.
Transcript
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| 0:00.0 | Hello everyone, Dr. Chris Martinson here with Chapter 3 of the Crash Course. |
| 0:04.9 | This is a big one. You are not going to want to miss this because this is about the Federal Reserve. |
| 0:10.1 | This is the headwaters of the Nile, as it were, Lake Victoria, in Africa. |
| 0:14.3 | If you want to know what's been going on with all the floods of money and credit and what's really going on, |
| 0:20.6 | you have to understand the Fed. |
| 0:22.7 | And this is just a really important chapter. |
| 0:25.9 | Because if you don't get the Fed, all the rest is just noise. |
| 0:28.6 | You won't understand why you are like a rat in a cage, what's going on, how the future |
| 0:33.3 | is going to unfold, all of that. |
| 0:35.1 | So let's get started right now. |
| 0:37.2 | We'll go there. We're going to be |
| 0:38.0 | discussing here this thing called the Fed. There are just three things I need you to know about |
| 0:42.7 | the Federal Reserve. The first, it's not a federal agency, big misconception. It's a private |
| 0:48.7 | corporation. It has shareholders. We'll go through some of that. It's very important to get |
| 0:54.1 | that. So they call important to get that. |
| 0:54.5 | So it's they call it Federal Reserve, but it's like calling Federal Express. |
| 0:59.6 | It doesn't have anything to do with the federal government either. |
| 1:01.6 | A lot of people think the Federal Reserve is there at the behest of the people of the nation there to serve the people. |
| 1:08.7 | It doesn't. |
| 1:09.1 | It serves its corporate shareholders, |
| 1:16.2 | and that's the nature of a corporation, right? You'd expect Federal Express to meet the needs of its shareholders, and you should also expect the Federal Reserve to meet the needs of |
| 1:20.7 | its shareholders. Corporations are a very specific structure in this overall story. |
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