The Federal Reserve regulates the monetary supply through debt. The only difference between that and printing greenbacks is you have to pay money for the debt, and the greenbacks cost almost nothing. It's magic money in any case. The "full faith and credit" of the USA backs it up, and the world takes the dollars gladly. But that may be changing, because Congress won't control the pork.
Elon Musk just exposed what he calls a massive Federal Reserve scam—accusing the U.S. government of creating "magic money" out of thin air.
— Shadow of Ezra (@ShadowofEzra) March 17, 2025
According to Musk, the government operates "magic money computers" that generate cash from nothing and distribute it at will.
These… pic.twitter.com/GBUhe1jlJy
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