Former World Bank President Warns of Fed's Troubling Financial Practices
Former World Bank President Warns of Fed's Troubling Financial Practices
A former World Bank president has raised serious concerns about the Federal Reserve, claiming it has lost over a trillion dollars, effectively transforming into a "massive hedge fund for the rich and powerful."
He alleges that the Fed is borrowing money from banks at an interest rate of 5.4% and investing it in government bonds, thereby creating a misleading perception of the government's financial health.
Files
What's Your Reaction?
