Need 400-500 words Initial Post and two replies. I will attached replies laterThis week you will learn about money and the Federal Reserve. The monetary system is something that makes each country and the world function on a daily basis. Most people are not aware of how the system was created or how it works. There are several videos this week, but they all contain valuable information that you should know about how money and the central banking system works. This might be the most important information you learn in this course or any other course you will take in college!For this assignment, you are to view several videos. Here are the links to watch these on YouTube:Money vs Currency – Hidden Secrets Of Money Episode 1 – Mike Maloney(Links to an external site.)Where Does Money Come From? – Hidden Secrets Of Money Ep 5 – Mike Maloney(Links to an external site.)https://www.youtube.com/watch?v=da-5CKg8SsE(Links to an external site.)Who Controls All of Our Money?(Links to an external site.)Who Controls All of Our Money? – A Quick Follow Up(Links to an external site.)The Biggest Scam In The History Of Mankind – Hidden Secrets of Money Ep 4(Links to an external site.)To be eligible for full credit on this assignment, you need to complete the following requirements:1. You should watch the videos and take thorough notes as you watch the videos to help you answer the questions below.2. After you have watched the video and taken good notes, THOROUGHLY summarize the information, major topics, examples, etc. from these videos IN YOUR OWN WORDS.3. Thoroughly explain how the information in the videos relates to the information from the text and the various economic concepts that we have discussed in class to this point, including Chapters 1-16 in your course textbook.4. List and explain the various ways that the information in the videos relates to the real world U.S. economy and the economic decisions or choices that you make in your own life.5. Provide your thoughts and opinions about the videos:– What are some key things you learned from viewing the videos? Did you like or dislike the videos? Explain.– Did you agree with the video’s views on the various issues/problems? Why or why not?6. If you were suddenly put in charge of helping fix the issues addressed in the videos, how would you approach these to make them better for the United States and the world? Explain in some detail and provide support/solid reasoning for your opinions. Try to include some reliable sources to support your answer and cite those sources.*** You also need to provide at least TWO SUBSTANTIVE (thorough, thoughtful, detailed, etc.) replies to the posts of your classmates. These videos and the topics addressed should create quite an interesting discussion and debate this week.