A Century of Enslavement: History of the Federal Reserve

MoneyMan's Avatar
MoneyMan · in Documentary & Video
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MoneyMan's Avatar
#1

🎬 Before You Watch

Documentary Snapshot

  • Length: 1 hour, 30 minutes, 5 seconds
  • Difficulty: ★★☆☆☆ Beginner–Intermediate
  • Recommended After: Completing Monetary Policy Lessons 1–6 and watching How Our Monetary System Works
  • Purpose: Explore the historical development of the Federal Reserve System, its origins, and its influence on modern banking and monetary policy.

This documentary expands upon the concepts introduced throughout the Monetary Policy section by examining the history surrounding the creation of the Federal Reserve. It explores the events leading up to its establishment, the evolution of central banking in the United States, and the broader economic consequences attributed to the modern monetary system.

As with any historical documentary, viewers are encouraged to critically evaluate the evidence presented, compare it with other historical sources, and participate in thoughtful discussion.

📚 Concepts Reinforced

Federal Reserve Central Banking Money Creation Debt-Based Currency Inflation Monetary History Banking Cartels Financial Crises Sound Money

🔍 Key Questions to Consider

As you watch, consider how historical events influenced the development of today's monetary system and compare the documentary's claims with the lessons you've completed.

  • What economic conditions led to the creation of the Federal Reserve?
  • How does the documentary explain the relationship between banks, government, and money creation?
  • What role do financial crises play in expanding central banking authority?
  • How does this documentary connect to the concepts introduced in Lesson 6: The Federal Reserve?
  • Which historical claims would you like to research further?
  • Do you believe central banking has primarily increased stability, or introduced new risks? Why?
  • How might understanding the history of the Federal Reserve change the way you interpret current monetary policy?

[VIDEO=Rumble]https://rumble.com/embed/v6wye0w/?pub=10xo9j[/VIDEO]

💬 Reflection & Discussion

Every documentary in the Academy is intended to encourage investigation rather than passive viewing. Share your observations, ask questions, and respectfully discuss the ideas presented.

  • What was the most surprising historical fact presented?
  • Did the documentary change your understanding of the Federal Reserve's origins?
  • Which claims seemed well-supported? Which would you like to investigate further?
  • How does this documentary build upon what you learned in the Monetary Policy lessons?
  • Would you recommend this documentary to someone studying monetary history? Why or why not?

Last edited by MoneyMan

Heatman's Avatar
#2

Honestly, I’ve always been curious about how the Federal Reserve operates and how money is created within the financial system. This had me look into so many things which showed me that it's the Congress that oversees everything. It creates money majorly through open market operations and lending to banks.

MoneyMan's Avatar
#3

On Jun 8, 2026, Heatman said:

Honestly, I’ve always been curious about how the Federal Reserve operates and how money is created within the financial system. This had me look into so many things which showed me that it's the Congress that oversees everything. It creates money majorly through open market operations and lending to banks.

While congress did authorize the creation of the Federal Reserve, they have no authority in how it operates. As seen in this video, the Fed Chairman states, "No government agency can overrule the actions that we take." They can deauthorize it but they cannot tell them how they operate.

Prospector49's Avatar
#4

On Jun 8, 2026, Heatman said:

Honestly, I’ve always been curious about how the Federal Reserve operates and how money is created within the financial system. This had me look into so many things which showed me that it's the Congress that oversees everything. It creates money majorly through open market operations and lending to banks.

I was too and this documentary helped me understand.

Ja sa bong's Avatar
#5

On Jun 8, 2026, MoneyMan said:

While congress did authorize the creation of the Federal Reserve, they have no authority in how it operates. As seen in this video, the Fed Chairman states, "No government agency can overrule the actions that we take." They can deauthorize it but they cannot tell them how they operate.

If the government can deauthorize it, they have a say in how they want it done. Which means, they have do things in the ways government wants for it to be authorized and it becomes functional right?

MoneyMan's Avatar
#6

On Jun 25, 2026, Ja sa bong said:

If the government can deauthorize it, they have a say in how they want it done. Which means, they have do things in the ways government wants for it to be authorized and it becomes functional right?

This is true, it was created by congress so in theory they could shut them down too.

But the way the Federal Reserve act was written, passed, and amended leaves very little room for any outside influence and no say in their day to day operations. They could threaten to shut them down but they'd never do that because it's a symbiotic relationship and they both benefit off of each other. Actually I'd say it's MORE like a parasitic relationship or more aptly, the bank is like a drug. The government gets benefits from it but the drug use is slowly killing the user but the user can't stop.

Shutting it down would cause withdrawals so powerful, it would be unbearable.

👍 1

Heatman's Avatar
#7

On Jun 27, 2026, MoneyMan said:

This is true, it was created by congress so in theory they could shut them down too.

But the way the Federal Reserve act was written, passed, and amended leaves very little room for any outside influence and no say in their day to day operations. They could threaten to shut them down but they'd never do that because it's a symbiotic relationship and they both benefit off of each other. Actually I'd say it's MORE like a parasitic relationship or more aptly, the bank is like a drug. The government gets benefits from it but the drug use is slowly killing the user but the user can't stop.

Shutting it down would cause withdrawals so powerful, it would be unbearable.

It's 100% a parasitic. Shutting it down is completely out of the question, they are never going to even consider it. Why? It's definitely going to cripple the system and throw everything into a big chaos.

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