The "Federal" Reserve didn't have to reveal who it loaned money to at below-market rates for two years. So we are just now learning what happened right before COVID hit. Six investment houses got the majority of the privileged loan money to the tune of almost 20 TRILLION dollars. It's an almost incomprehensible amount of money to go to six businesses. Three of those six are banks that control the Federal Reserve Bank of New York!
That's right, they administered the federal program by which they could get overnight loans at rates that were a fraction of what your community bank has to pay. Foreign banks got a massive share too. They gave the big foreign banks (who owed them no doubt) bargain-rate loans before they gave it to your local community bank (if there still is one). Heck, they could borrow money from the Federal Reserve overnight and use the money to loan to a community bank at market rates and make money. It's free money. A chimp could get rich doing it. No wonder small banks are being scooped up by big ones.
Folks, hard work and merit can't withstand this sort of uneven playing field. America is becoming increasingly unfree each and every decade of her existence since the Federal Reserve was instituted and that won't change until it is ended and we go back to honest money. Money like silver and gold because they couldn't print it at will and so it was impossible to do things like loan themselves 20 trillion dollars at subsidized rates.
If you had access to twenty trillion worth of virtually free money for two years and could make even 1% profit off that money, you'd have 400 billion dollars. And that's without considering additional compounding from investing gains. It is the equivalent of making four-hundred more bankers into billionaires simply by standing in the middle of the overnight loan business and offering no real goods or services to others. How hard do you work for your paycheck doing some real good? Yet who do you think has more access to "your" congressman?
The system is broken and people don't get why. Ultimately it is spiritual but to the extent it is systemic, follow the (fake) money. People don't understand the threat because it is a shell game done a bit at a time in secret, and the big media won't tell on their partners. But the threat is real. If they are not stopped, in time they will own everything and you will own nothing.
