As the financial brain of America, the Federal Reserve's position in the world is beyond question.

Their every move triggers a strong reaction throughout the market. This is true from America itself to faraway China.

This institution, which was only established in 1913, has been expanding its power over the past century.

Moreover, with each deep financial crisis in capitalism, its power increases significantly.

Therefore, various conspiracy theories have circulated around the Federal Reserve for many years.

They believe that there is a real controller behind the Federal Reserve, and that he is not one person, but a group of people.

Similar remarks are widespread in America, and you can even find clues about conspiracy theories about the Federal Reserve in the Chinese financial news magazine "Currency Wars".

Conspiracy theorists seem to have found a lot of evidence to prove this point.

For example, the Federal Reserve Act was not actually passed by Congress; the Senate voted on it without a quorum.

On the day of the Federal Reserve Act vote, the House of Representatives passed the bill by a vote of 298 to 60, and the Senate passed it by a vote of 43 to 25.

The number of senators who went missing that day was 27, but even with these 27 people included, it was still not enough to overturn the Federal Reserve Act.

There are also claims that the Federal Reserve Act was drafted in a secret meeting by Wall Street bankers and several senators.

The main source of this claim is Edward Griffin's mention of it in his book "The Creatures of Jekyll Island," which was a bestseller in 1994.

Edward Griffin is a well-known conspiracy theorist who believes that cancer, AIDS, and other diseases are all conspiracies created to instill fear in humanity and undermine the concept of the middle class.

Most of what's circulating about the Federal Reserve is hearsay, and its veracity is questionable.

However, a few things are certain. The Federal Reserve is a privately owned central bank, consisting of twelve regional reserve banks and more than seventy member banks.

The Federal Reserve has never disclosed the composition of its shareholders.

Under the Freedom of Information Act passed by America at the end of 2018, the Federal Reserve’s regional banks are required to disclose the equity holdings behind them.

According to disclosures at the end of 2018, among the twelve regional reserve banks, the Federal Reserve Bank of New York was backed by Citibank and **** Bank, respectively.

These two banks own nearly three-quarters of the entire Federal Reserve Bank of New York.

New York's importance to the entire America is undeniable; the Federal Reserve Bank of New York is the most important of the twelve regional Federal Reserve Banks.

Interestingly, it was Morgan who provided credit and injected funds into trust institutions and the National Bank during the Great Depression of 1907, ultimately helping them weather the financial crisis.

The financial crisis of 1907 directly led to the establishment of the Federal Reserve in 1913.

There's no conspiracy theory behind the Federal Reserve, and no actual controller; they're all playing open and aboveboard games.

The repeated interest rate hikes and cuts, ostensibly aimed at maintaining low inflation, have actually exacerbated inflation, creating a monetary policy that appears to foster market prosperity but is ultimately a period of bursting bubbles.

This completely contradicts the original purpose of the Federal Reserve: to maintain the stability of the financial system and curb systemic risks in the financial market.

The real big players behind America simply need to patiently wait for each ebb and flow brought about by the Federal Reserve, and then buy high and sell low during this cycle that lasts for more than a decade.

They don't need to interfere with the Federal Reserve's operations at all to amass unimaginable wealth from all over the world, right in America.

They only need to know the policy in advance and then indirectly guide it.

The Federal Reserve has been familiar with this approach for over a century.

For them, America is not important; what matters is that America can protect their interests.

However, this ebb tide encountered Zheng Li, whose new wave of internet technology delayed the inevitable downturn by a full ten years.

Just when VR technology was also facing some kind of predicament, and the benefits of brain-computer interface VR had been used up for ten years and were almost exhausted.

Besides VR, another thing that dealt them a heavy blow back then was the currency bridge system that Zheng Li provided to China, which enabled countries other than America to achieve currency swaps.

This has severely impacted the Federal Reserve's role worldwide, much like a section of a river has been dammed.

This also affected their plans.

Just when everything was finally sorted out, and the next global recession was about to begin, people were using their surplus currency to buy up high-quality assets at low prices.

Zheng Li then pulled out the virtual reality device.

The implications of virtual reality are a fatal blow to them. Previously high-quality assets are no longer high-quality; what then constitutes a high-quality asset? There is absolutely no security involved.

For the past two centuries, properties in prime locations have been the most valuable assets, such as Ginza in Tokyo, Central Park in New York, and the area around Buckingham Palace in London.

No matter how much real estate prices fluctuate, or how sharply they fall, they will eventually rebound.

Virtual reality will significantly reduce the value of these properties.

More importantly, virtual reality has already completely changed the ecosystem, so what's next?

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