Wow. Last year, that's just pure tax hours. You're paying your taxes and that money is just going to interest, period, interest to giant banks. So it is literally, The Fed is transferring your tax dollars to the biggest banks in the world. Now it gets worse. So they no longer have a requirement, a reserve requirement of, say, 10%. There's actually no requirement at all. You know why? (16:54–16:59)
CLAIM
Asserts that the Federal Reserve is transferring taxpayer money to large banks.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
