Quantitative Easing and Central Banking Explained

The following two videos are critical of the Federal Reserve Bank and the Central Banking system, but differ a lot in their presentation styles. Both offer a reasonably good job of explaining how quantitative easing and central banking work. Two arguments made within the videos are 1. the central banking system endlessly prints money to essentially perpetuate a money making debt machine and 2. the Federal Reserve Bank comes up with excuses such as non-existent deflation to justify its monetary policy.

 

Without the Federal Reserve the economy and banking system would be closer to what it was prior to 1913 when the Federal Reserve Act was signed. This would give private industry as much power to manipulate the economy as the central bank has now. Neither system is perfect, one empowers private industry, and the other regulates the economy. However, it can be argued neither system acts in objectivity and both have the underlying goal of generating wealth which is human nature. Self-created catch-22?