A banking cartel is haunting our society with its ability to create, destroy, and control money — the Federal Reserve. It must be abolished and replaced with a more rational and fair system.Money is the lifeblood of modern civilization. It enables us to establish contracts, assess the worth of goods and services, and trade efficiently. But what exactly is money, and who creates the U.S. dollar?Our monetary system is a mechanism for transferring wealth to urban elites who produce nothing. The first step in understanding money is dispelling the notion that a valuable asset like gold backs it — because it doesn’t.The dollar is valuable for two reasons. First, it is backed by the “full faith and credit of the U.S. government,” meaning its worth derives from its ability to tax people to pay its debts. Second, the federal government only accepts tax payments in U.S. dollars, creating an inherent demand for the currency. Despite these factors, the federal government creates very little of our money. The U.S. Treasury prints paper bills and mints coins, but physical cash accounts for only about 10% of our total money supply.The hidden mechanism of money creationMost of our money comes from debt — and that’s a problem.Modern money is almost entirely created through lending. Every non-cash dollar must eventually be repaid to a private bank with interest. In other words, most U.S. money is simply a collection of IOUs owed to private financial institutions.Commercial banks operate under a system called “fractional reserve banking.” They are private businesses that only hold a small amount of cash reserves and issue loans often exceeding 900% of their small cash reserves. When a bank issues a loan and deposits it into a borrower’s account, new “money” is created out of thin air.An unelected financial cabalOver 100 years ago, a group of powerful financiers met on Jekyll Island, off the coast of Georgia, to draft a plan that would give them — rather than Congress — control over America’s monetary system. The result was the Federal Reserve Act of 1913, which created the Federal Reserve — a private banking cartel disguised as a government agency. The Federal Reserve is not part of the U.S. government. It is a privately held bank consortium, accountable only to its shareholders. The Federal Reserve’s transactions have never been fully audited, and its decisions require no approval from any government official. Congress has outsourced its constitutional control of the American money supply to some of the wealthiest people in the world, arguably the greatest financial crime in the history of this country.When the federal government spends more than it collects in taxes, it borrows the difference. It issues Treasury bills to borrow money from investors or the Social Security trust fund. In some cases, it issues Treasury bills directly to the Federal Reserve. The Fed then creates money by adding numbers to an account without tangible backing. This process leaves the government — and ultimately taxpayers — responsible for repaying the Federal Reserve with interest.Leveraging their monopoly on money creation, private banks earn vast sums from interest on loans that far exceed what they hold in reserves. U.S. banks currently have $3.3 trillion in reserves yet carry $12.5 trillion in outstanding loans. Borrowers pay real interest on imaginary money, funneling nearly half a trillion dollars annually into bankers’ pockets. This is why skyscrapers bear the names of banks. Bankers get rich on money that doesn’t belong to them. Our monetary system transfers wealth to urban elites who produce nothing. The interest they collect is a one-way street paved with gold. The Fed and inflationSince the Federal Reserve’s creation, the federal government has continuously eroded the U.S. dollar through reckless borrowing. We have now accumulated $38 trillion in debt, and inflation has soared to over 3,000% since 1913, eroding the purchasing power of ordinary Americans. The tidal wave of newly created “magic money” inflates the total money supply, devaluing existing dollars and making everyday goods more expensive. The Federal Reserve’s shareholders profit because they collect interest on government-issued debt, while bureaucrats, lobbyists, and corporations tied to federal spending rake in the cash. The rest of us, however, pay for their legerdemain through higher taxes and the devaluation of our wealth. In the last two years alone, the wealth of the bottom 50% of Americans grew by just $1.5 trillion, while the wealth of the top 1% gained $11.8 trillion. Empowered by its control over money, the wealthiest elite has consolidated ownership of media conglomerates, major industries, and political influence. Elites have rigged the system, ensuring that the magical goose laying their golden eggs is never threatened by ordinary people. Boom-bust — a banker’s best friendMassive government borrowing coincides with colossal money creation, triggering economic booms. Speculative bubbles form in stocks and real estate, but these booms always lead to busts.When debt-laden consumers default on loans, the money supply shrinks, and the economy grinds to a halt. Bankers and politicians, armed with insider knowledge, navigate these cycles with ease — profiting from the economy’s expansion and collapse. Meanwhile, the average American suffers job losses, foreclosures, and financial ruin. We do not elect the elites who control this system. We are simply the drones who ultimately pay for it through higher taxes, inflation, and economic instability. The top 0.1% in America now controls as much wealth as the bottom 90%. As Thomas Jefferson wrote in 1816, “The banking institutions are more dangerous to our liberties than standing armies.” He foresaw the threat posed by private banks controlling the nation’s currency, predicting they would “deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”It is time to end this system of financial serfdom. The power to issue money should be returned to the people where it rightfully belongs.

President Trump’s tariffs on China, Canada, and Mexico have been nothing short of controversial — and for good reason. “China, you know, is in many ways an adversary,” economic expert and best-selling author Carol Roth tells Stu Burguiere on “Stu Does America.” “But the reality is that we are very dependent upon China on both sides of the coin, so to speak.” “One is certainly our dependence on them for various components of making just about anything, as well as finished goods,” she explains. “There are companies that produce things in China that you just won’t be able to produce here in the United States, ever, at a price that somebody would buy it at.” When it comes to national security issues, ammunition, and medicines, Roth believes there’s a “different argument to be made for tariffs.” “The idea that there’s just sort of this blanket tariff pronouncements that isn’t surgical, that isn’t targeting these specific things and taking into account specific cases is probably what gives me the most pause right now,” she says. Stu agrees but also understands the argument in favor of Trump’s tariffs. “I think there is a sense, by a lot of people on the right now, which is like, ‘This is good. We understand we might have a little bit of pain. We’re going to raise prices a little bit, potentially, on some goods, but long-term, we need to bring this manufacturing back here, and we’re willing to kind of go down that road,’” he says. But that’s not enough to convince either Roth or Stu that it’s the right move. “This is a very, very careful dance that must be had,” Roth says. “Being more surgical with the tariffs, I think, would potentially accomplish more of what is being at least told to us and me, as sort of somebody who’s going through the economics of what’s happening and worrying about this happening and that happening, seems like it might drive a better outcome in a very difficult and challenging situation than just kind of this big smattering across the board.” Roth is also a small-business advocate, which causes her even more concern regarding the tariffs. “I worry about small businesses as well that don’t have sort of the options that are available to some of these bigger companies,” she says. Want more from Stu?To enjoy more of Stu's lethal wit, wisdom, and mockery, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

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