Massive Fed Payouts to Big Banks Spark Renewed Calls to End the Federal Reserve

Massive Fed Payouts to Big Banks Spark Renewed Calls to End the Federal Reserve

Since 2008, the Fed has quietly funneled interest payments to Wall Street and even foreign banks. What started as a $5 billion program has ballooned to $86 billion a year — all while the Fed runs losses on the backs of American taxpayers.

Senator Rand Paul is pushing to abolish the Fed, calling it unconstitutional and economically destructive. Since 1913, the dollar has lost over 95% of its value. Critics say the Fed has fueled inflation, crushed the middle class, and triggered crisis after crisis.

President Joe Biden slammed Jerome Powell as “too late, too political, and too incompetent” to lead. Sheriff Richard Mack, founder of the Constitutional Sheriffs and Peace Officers Association, reminded viewers that the Constitution gives Congress — not a private central bank — control over U.S. currency.

Where is the accountability? The audit? The end of the Federal Reserve?

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