The Federal Reserve: Understanding the Source of Wealth and Economic Cycles

 Hello, my name is Julio. I wanted to share an intriguing event I had recently with you. My companion and I were going around Wall Street when we came upon a massive monument called The Charging Bull. We obviously wanted to snap a picture with the famed Wall Street bull, but something else piqued our interest. 

There was no line at the Federal Reserve headquarters on Liberty Street, where all the actual wealth creation takes place. This is the location responsible for producing all of the money that generates booms, busts, bubbles, and inflation. It's the source of everything.

But here's the thing: the Federal Reserve was established in 1914 as a result of a statute enacted on December 23rd, 1913. However, there were virtually no Congressmen present to vote on that occasion. The structure was built in 1922, and it was only seven years later that the entire country went bankrupt in the 1929 stock market crisis. The US government was forced to surrender hundreds of its gold assets to this entity in 1933.

The Governmental Reserve, despite its name, is not a federal institution. It is a government-sponsored body that derives its authority from a law that was approved. This corporation's shares are held by private stockholders, including private bankers and private banks. This is a Federal Reserve Bank, which is a company that is not genuinely federal in nature.

So, the next time you're wondering why you're becoming affluent, why you're in a boom-bust cycle, or why you're becoming poor, remember that it all starts with the Federal Reserve. And if you want to know who is purchasing all those mortgage-backed securities, treasuries, and other options, it all comes out of the Federal Reserve's trading desk in New York, one of the 12 districts where all the trading takes place. 

Thank you for taking the time to read this, and I hope you found it as interesting as I did.