--- title: "Meaning & Key Takeaway of: The financial system has been turned over…" description: "\"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering..." image: "https://sms4smile.com/quotes/i/23c/anonymous-1_authority_the-financial-system-has-been-turned-ove_3207038.jpg" --- # The financial system has been turned over to the Federal… ![“The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.” quote by Anonymous](https://sms4smile.com/quotes/i/23c/anonymous-1_authority_the-financial-system-has-been-turned-ove_3207038.jpg) [Download](https://sms4smile.com/quotes/i/23c/anonymous-1_authority_the-financial-system-has-been-turned-ove_3207038.jpg) [Open image](https://sms4smile.com/quotes/i/23c/anonymous-1_authority_the-financial-system-has-been-turned-ove_3207038.jpg) > “The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.” [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The Federal Reserve is portrayed as a private, profit‑driven entity controlling the financial system for its own gain, implying systemic exploitation. **In simple terms:** Reserve seen as profit‑focused. Key Takeaway Demand transparency and accountability. Themes economics power corruption Mood critical concerned Type political economic. When to use this quote - investment decisions - policy debates - public advocacy Key Concepts central banking financial ethics profit motive Questions to Reflect On - How can citizens influence monetary policy? - What checks exist on central banks? A Different Perspective Complex financial systems have multiple stakeholders, not solely profit‑driven. ★ ★ ★ ★ ★ No ratings yet [Administers Finance](https://sms4smile.com/quotes/about/administers-finance-5978181/) [Authority](https://sms4smile.com/quotes/about/authority/) [Board Administers](https://sms4smile.com/quotes/about/board-administers-5978182/) [Boards](https://sms4smile.com/quotes/about/boards/) [Customer](https://sms4smile.com/quotes/about/customer/) [Federal reserve](https://sms4smile.com/quotes/about/federal-reserve/) [Finance](https://sms4smile.com/quotes/about/finance/) [Financial](https://sms4smile.com/quotes/about/financial/) [Groups](https://sms4smile.com/quotes/about/groups/) [Historical](https://sms4smile.com/quotes/about/historical/) [Money](https://sms4smile.com/quotes/about/money/) [People](https://sms4smile.com/quotes/about/people/) [People Money](https://sms4smile.com/quotes/about/people-money/) [Profit](https://sms4smile.com/quotes/about/profit/) [Purpose](https://sms4smile.com/quotes/about/purpose/) [Sole](https://sms4smile.com/quotes/about/sole/) [Turned Federal](https://sms4smile.com/quotes/about/turned-federal-5978183/) [Use](https://sms4smile.com/quotes/about/use/) ## Related quotes > [So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and…](https://sms4smile.com/quotes/murray-rothbard/so-if-the-chronic-inflation-undergone-by-americans-and-in-almost/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Money doesn't make the man. 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