MSM Lying Never Stops

 They just can't help themselves, can they?

Here's a very brief passage from an article in which Musk questions how the Hell the Federal Reserve Bank can spend ONE AND A HALF BILLION DOLLARS on what is essentially a redecorating job.

Let that sink in before we get to the lying.....

OK, here we go!

 ...The Fed is not actually funded by taxpayers but rather by the interest the central banks earns on its securities as well as fees from banks it supervises....

Oh, I see!!  Those 'fees' that are paid by banks are magic fees!!  The Banks create the fees ex nihilo and send them via the TwinkleToe Express.............

No.  The banks extract interest (and fees!) from bank customers.  Those would be "TAXPAYERS".

That's Lie #1.

Lie #2:

Fed-held "securities" are most often US Treasury bonds and notes.  Guess who pays the interest on those?  In the alternative, some of those "securities" are IOU's from banks.  Guess who pays the interest on those notes?  (HINT:  It's not the Bank officers; as we told you above, it is the bank's customers who are...................taxpayers!!)

Letting the Federal Reserve answer the questions and then pasting them into your "news" is not "reporting."  It is "stenography," which is apparently the level at which "reporters" actually do well these days.

And they wonder why nobody trusts them!