Does the Federal Reserve print money?
Actually the U.S. Bureau of Printing and Engraving (a division of the U.S. Treasury) prints the money. Here is a section from their web site at www.moneyfactory.gov: “Welcome to the Bureau of Engraving and Printings (BEP) website. We are the largest producer of security documents in the United States. The BEP prints billions of Federal Reserve Notes for delivery to the Federal Reserve System each year.” The U.S. Mint creates the coins (non-paper money). The key point is that the Federal Reserve CREATES the money. What division of the U.S. government actually prints the money is not important. ● Who benefits from the Federal Reserve? Certainly not the public. The only ones who really benefit are the politicians (who can spend freely without an apparent increase in taxes) and a handful of families who own the Federal Reserve. The current setup is a way to funnel money from the masses to the elite. Here is a good article on how the recent economic downturn has made the Fed an even more po
