The US Should Not Be Giving Money to Foreign Banks

The Federal Reserve Pays Excessive Interest to Foreign Banks: Yet Another Reason to End the Fed

Every year, the Federal Reserve continues to slowly destroy the purchasing power of the American middle class.

Meanwhile, politicians, arms manufacturers, banks, and other inside club members stand to benefit from these reckless policies. The Federal Reserve is the number one enabler of wasteful government spending, and it’s no wonder these career politicians haven’t lifted a finger to block its unconstitutional actions.

Most Americans are aware of how banks have benefited from the Fed’s lax policies, particularly during the Great Financial Crisis. Yet Rand Paul has recently revealed a lesser-known fact, which shows that over 40% of the interest that the Fed pays goes to foreign banks.

Who decided that foreign banks should benefit from the Fed’s policies while the middle class continues to struggle amid rising inflation?

Rand Paul Slams the Fed for Aiding Private Banks

T…