---
title: "Meaning & Key Takeaway of: There is no entity in the world that…"
description: "\"There is no entity in the world that controls our lives more than the Federal Reserve System\" — Harry Reid"
image: "https://sms4smile.com/quotes/i/a68/harry-reid-7718_customer_there-is-no-entity-in-the-world-that-con_480498.jpg"
---

#  There is no entity in the world that controls our lives…

![“There is no entity in the world that controls our lives more than the Federal Reserve System” quote by Harry Reid](https://sms4smile.com/quotes/i/a68/harry-reid-7718_customer_there-is-no-entity-in-the-world-that-con_480498.jpg)   [Download](https://sms4smile.com/quotes/i/a68/harry-reid-7718_customer_there-is-no-entity-in-the-world-that-con_480498.jpg) [Open image](https://sms4smile.com/quotes/i/a68/harry-reid-7718_customer_there-is-no-entity-in-the-world-that-con_480498.jpg)

> “There is no entity in the world that controls our lives more than the Federal Reserve System”

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

## 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 holds massive influence over economic conditions and personal finances.

**In simple terms:** The Fed heavily influences our lives.

Key Takeaway

Recognize its impact on personal decisions.

Themes

economics power policy

Mood

concerned analytical

Type

political economic

When to use this quote

- personal budgeting
- investment planning
- career choices
- political advocacy

Key Concepts

monetary policy financial control

Questions to Reflect On

- How does Fed policy affect your daily spending?
- What can individuals do to mitigate its influence?

A Different Perspective

Its decisions can be opaque and politically driven.

★ ★ ★ ★ ★   No ratings yet

[Controls Lives](https://sms4smile.com/quotes/about/controls-lives-552793/) [Customer](https://sms4smile.com/quotes/about/customer/) [Entity](https://sms4smile.com/quotes/about/entity/) [Federal](https://sms4smile.com/quotes/about/federal/) [Federal reserve](https://sms4smile.com/quotes/about/federal-reserve/) [Inspirational](https://sms4smile.com/quotes/about/inspirational/) [Lives Federal](https://sms4smile.com/quotes/about/lives-federal-4132522/) [Our lives](https://sms4smile.com/quotes/about/our-lives/) [Reserves](https://sms4smile.com/quotes/about/reserves/) [World](https://sms4smile.com/quotes/about/world/) [World Controls](https://sms4smile.com/quotes/about/world-controls-4132523/)

## Related quotes

> [The Federal Reserve is not currently forecasting a recession.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-is-not-currently-forecasting-a-recession/)

[Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/)

> [The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal…](https://sms4smile.com/quotes/david-malpass/the-tenth-amendment-said-the-federal-government-is-supposed-to-only/)

[David Malpass](https://sms4smile.com/quotes/author/david-malpass/)

> [Ever since the Federal reserve was born, (in 1913) we have been living under a lie.](https://sms4smile.com/quotes/michael-maloney/ever-since-the-federal-reserve-was-born-in-1913-we-have-been-living/)

[Michael Maloney](https://sms4smile.com/quotes/author/michael-maloney/)

> [The New York Federal Reserve is a tool of the big banks.](https://sms4smile.com/quotes/collin-peterson/the-new-york-federal-reserve-is-a-tool-of-the-big-banks/)

[Collin Peterson](https://sms4smile.com/quotes/author/collin-peterson/)

> [I know this, the Federal Reserve is private and the I.R.S. is screwing us.](https://sms4smile.com/quotes/alex-jones/i-know-this-the-federal-reserve-is-private-and-the-i-r-s-is-screwing/)

[Alex Jones](https://sms4smile.com/quotes/author/alex-jones/)

> [The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business…](https://sms4smile.com/quotes/robert-fogel/the-president-has-very-little-effect-on-the-economy-if-you-want-to/)

[Robert Fogel](https://sms4smile.com/quotes/author/robert-fogel/)

> [The Federal Reserve is no more federal than Federal Express.](https://sms4smile.com/quotes/michael-ruppert/the-federal-reserve-is-no-more-federal-than-federal-express/)

[Michael Ruppert](https://sms4smile.com/quotes/author/michael-ruppert/)

> [I think the role of the Federal Reserve is enormously exaggerated.](https://sms4smile.com/quotes/john-kenneth-galbraith/i-think-the-role-of-the-federal-reserve-is-enormously-exaggerated/)

[John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/)

> [The Federal Reserve is answerable to no one.](https://sms4smile.com/quotes/ronald-reagan/the-federal-reserve-is-answerable-to-no-one/)

[Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/)

> [The Federal Reserve will not monetize the debt.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-will-not-monetize-the-debt/)

[Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/)

> [We own﻿ the Federal Reserve. There is this misconception that the Federal Reserve is some private entity. But if I might give an analogy…](https://sms4smile.com/quotes/gary-johnson/we-own-the-federal-reserve-there-is-this-misconception-that-the/)

[Gary Johnson](https://sms4smile.com/quotes/author/gary-johnson/)

> [I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve - it's taxpayer's money…](https://sms4smile.com/quotes/harry-reid/i-think-it-would-be-interesting-to-know-about-the-federal-reserve-i/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [“Thy life is not thine own to govern, Danny, for it controls other lives. See how thy friends suffer! Spring to life, Danny, that…](https://sms4smile.com/quotes/john-steinbeck/thy-life-is-not-thine-own-to-govern-danny-for-it-controls-other-lives/)

[John Steinbeck](https://sms4smile.com/quotes/author/john-steinbeck/)

> [Yes, God controls our lives, but He only chooses whether we deserve to live in pain,or die for our sins. He can't make people…](https://sms4smile.com/quotes/anonymous/yes-god-controls-our-lives-but-he-only-chooses-whether-we-deserve-to/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

> [In the past, Federal Reserve chairmen have not generally gone directly to the public.](https://sms4smile.com/quotes/ben-bernanke/in-the-past-federal-reserve-chairmen-have-not-generally-gone-directly/)

[Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/)

## More by Harry Reid

> [It has been my honor to support and work with President Barack Obama, a man who has brought courage and character to the presidency.…](https://sms4smile.com/quotes/harry-reid/it-has-been-my-honor-to-support-and-work-with-president-barack-obama/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [Now remember, we've already done more than a billion dollars worth of cuts. We've already done that. So we need to get some credit…](https://sms4smile.com/quotes/harry-reid/now-remember-we-ve-already-done-more-than-a-billion-dollars-worth-of/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [The modern day anarchists known as the Tea Party, they believe in no government.](https://sms4smile.com/quotes/harry-reid/the-modern-day-anarchists-known-as-the-tea-party-they-believe-in-no/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [Coal makes us sick. Oil makes us sick. It's global warming. It's ruining our country. It's ruining our world.](https://sms4smile.com/quotes/harry-reid/coal-makes-us-sick-oil-makes-us-sick-it-s-global-warming-it-s-ruining/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve - it's taxpayer's money…](https://sms4smile.com/quotes/harry-reid/i-think-it-would-be-interesting-to-know-about-the-federal-reserve-i/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [My staff tells me not to say this, but I'm going to say it anyway. In the summer because of the heat and high…](https://sms4smile.com/quotes/harry-reid/my-staff-tells-me-not-to-say-this-but-i-m-going-to-say-it-anyway-in/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [They've lost their minds.](https://sms4smile.com/quotes/harry-reid/they-ve-lost-their-minds/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [ \[Social Security \] is not in crisis at this stage. Leave Social Security alone. We have a lot of other places we can look… ](https://sms4smile.com/quotes/harry-reid/social-security-is-not-in-crisis-at-this-stage-leave-social-security/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [This 21st century economy holds great promise for our people. But unless we give all Americans the skills they need to succeed, countries like…](https://sms4smile.com/quotes/harry-reid/this-21st-century-economy-holds-great-promise-for-our-people-but/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [There is no more important task in Washington than cleaning up the culture of corruption. Yet the president - whose White House has become…](https://sms4smile.com/quotes/harry-reid/there-is-no-more-important-task-in-washington-than-cleaning-up-the/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [The cold war was the longest war in United States history. Because of the nuclear capabilities of our enemy it was the most dangerous…](https://sms4smile.com/quotes/harry-reid/the-cold-war-was-the-longest-war-in-united-states-history-because-of/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [This war is lost and the surge is not accomplishing anything.](https://sms4smile.com/quotes/harry-reid/this-war-is-lost-and-the-surge-is-not-accomplishing-anything/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [Cut, Cap and Balance is worst legislation in history.](https://sms4smile.com/quotes/harry-reid/cut-cap-and-balance-is-worst-legislation-in-history/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [As far as I'm concerned there shouldn't be a single boot on the ground. There's enough American blood in Iraq that lasts forever.](https://sms4smile.com/quotes/harry-reid/as-far-as-i-m-concerned-there-shouldn-t-be-a-single-boot-on-the/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

> [They’re nothing more than domestic terrorists.](https://sms4smile.com/quotes/harry-reid/they-re-nothing-more-than-domestic-terrorists/)

[Harry Reid](https://sms4smile.com/quotes/author/harry-reid/)

[Explore all 88 Harry Reid quotes ](https://sms4smile.com/quotes/author/harry-reid/)

## More Customer quotes

> [“Start a business, not a startup”](https://sms4smile.com/quotes/anonymous/start-a-business-not-a-startup/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

> [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/)

[Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/)

> [Many early-stage entrepreneurs make one simple mistake: Describing this 'big picture' in vague concepts and words.](https://sms4smile.com/quotes/sunil-nagaraj/many-early-stage-entrepreneurs-make-one-simple-mistake-describing/)

[Sunil Nagaraj](https://sms4smile.com/quotes/author/sunil-nagaraj/)

> [The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.](https://sms4smile.com/quotes/benjamin-graham/the-purpose-of-this-book-is-to-supply-in-the-form-suitable-for-laymen/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Don't think OF the market. Think AS the market.](https://sms4smile.com/quotes/michael-fishman/don-t-think-of-the-market-think-as-the-market/)

[Michael Fishman](https://sms4smile.com/quotes/author/michael-fishman/)

> [If Wall Street crashes, does Main Street follow? Not necessarily.](https://sms4smile.com/quotes/ben-bernanke/if-wall-street-crashes-does-main-street-follow-not-necessarily/)

[Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/)

> [The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for…](https://sms4smile.com/quotes/whitney-tilson/the-exact-details-of-how-you-practice-value-investing-will-vary/)

[Whitney Tilson](https://sms4smile.com/quotes/author/whitney-tilson/)

> [The best way to hold customers is to constantly figure out how to give them more for less.](https://sms4smile.com/quotes/philip-kotler/the-best-way-to-hold-customers-is-to-constantly-figure-out-how-to/)

[Philip Kotler](https://sms4smile.com/quotes/author/philip-kotler/)

> [Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen…](https://sms4smile.com/quotes/peter-schiff/perhaps-the-most-important-reason-to-be-skeptical-of-government/)

[Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/)

> [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/)

[Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/)

> [Corporations invest in sophisticated CRM, or Customer Relationship Management, programs to effectively oversee their relationship with their customers at every point during the buying…](https://sms4smile.com/quotes/marc-ostrofsky/corporations-invest-in-sophisticated-crm-or-customer-relationship/)

[Marc Ostrofsky](https://sms4smile.com/quotes/author/marc-ostrofsky/)

> [I believe confusion is good. Worldwide market leaders gain when there is confusion in the market.](https://sms4smile.com/quotes/subhash-chandra/i-believe-confusion-is-good-worldwide-market-leaders-gain-when-there/)

[Subhash Chandra](https://sms4smile.com/quotes/author/subhash-chandra/)

> [Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.](https://sms4smile.com/quotes/bill-gross/damn-inflation-full-speed-ahead-greenspan-has-said-in-both-action-and/)

[Bill Gross](https://sms4smile.com/quotes/author/bill-gross/)

> [“When companies get big, they devote most of their care and feeding to the business that got them big. This is as it should…](https://sms4smile.com/quotes/eric-schmidt/when-companies-get-big-they-devote-most-of-their-care-and-feeding-to/)

[Eric Schmidt](https://sms4smile.com/quotes/author/eric-schmidt/)

> [“Salesmanship is usually the art of making it the prospect’s problem, the salesperson’s need or desire to earn money.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/salesmanship-is-usually-the-art-of-making-it-the-prospect-s-problem/)

[Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/)

[Browse all 9,257 Customer quotes ](https://sms4smile.com/quotes/about/customer/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "Quotation",
            "text": "There is no entity in the world that controls our lives more than the Federal Reserve System",
            "creator": {
                "@type": "Person",
                "name": "Harry Reid"
            },
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "url": "https://sms4smile.com/quotes/harry-reid/there-is-no-entity-in-the-world-that-controls-our-lives-more-than-the/",
            "about": {
                "@type": "Thing",
                "name": "Customer"
            },
            "@id": "https://sms4smile.com/quotes/harry-reid/there-is-no-entity-in-the-world-that-controls-our-lives-more-than-the/#quotation",
            "image": {
                "@type": "ImageObject",
                "@id": "https://sms4smile.com/quotes/i/a68/harry-reid-7718_customer_there-is-no-entity-in-the-world-that-con_480498.jpg",
                "contentUrl": "https://sms4smile.com/quotes/i/a68/harry-reid-7718_customer_there-is-no-entity-in-the-world-that-con_480498.jpg",
                "url": "https://sms4smile.com/quotes/i/a68/harry-reid-7718_customer_there-is-no-entity-in-the-world-that-con_480498.jpg",
                "width": 1080,
                "height": 1080,
                "caption": "“There is no entity in the world that controls our lives more than the Federal Reserve System” — Harry Reid",
                "creditText": "SMS4Smile Quotes",
                "creator": {
                    "@id": "https://sms4smile.com/quotes/#organization"
                }
            }
        },
        {
            "@type": "BreadcrumbList",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Harry Reid",
                    "item": "https://sms4smile.com/quotes/author/harry-reid/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "There is no entity in the...",
                    "item": "https://sms4smile.com/quotes/harry-reid/there-is-no-entity-in-the-world-that-controls-our-lives-more-than-the/"
                }
            ],
            "@id": "https://sms4smile.com/quotes/harry-reid/there-is-no-entity-in-the-world-that-controls-our-lives-more-than-the/#breadcrumb"
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```
