in

The US Fed is a privately owned for-profit company in case you didn’t know – they’re not here representing the country’s citizens but their shareholders (i.e., banks)

The US Fed is a privately owned for-profit company in case you didn’t know – they’re not here representing the country’s citizens but their shareholders (i.e., banks)



View Reddit by DemApples4uView Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

19 Comments

  1. Did nobody in this subreddit take a Freshman level economics class? This isn’t some big secret. Everyone with a basic education should know at least a little bit about how central banks work.

  2. I mean, your subheading is an oversimplification, no? Not surprising given 99% of the post here But the Fed isn’t privately owned in the same sense that, say, Tesla is (e.g., who transfers Fed “stock”?). The member banks tilt more towards public ownership

  3. That’s a bit of an oversimplification of the issue. Federal Reserve Banks are neither private nor government because they sit at the junction of the interest of both parties. And while private banks are technical owners of the Federal Reserve Banks, they cannot exercise control over them, nor can they claim the profits that the banks generate. It’s basically symbolic.

    They’re also subjective to plenty of federal regulations and are meant to follow the policies set by the Federal Reserve Board whose members are appointed by the government.

    Sure, it’s a more symbiotic relationship than usual, but it’s a stretch to say that they exist solely to serve the interests of private banks.

  4. Does this libertarianish “we’re for freedom” world that really just wants to get rich and be the next person in charge who uses their position against everyone else actually play?

    In the aggregate, people who are owners love what the Fed is and does.

    Let me see the freedom fighters here who are about to start all their worker co-ops with their Crypto. No?

  5. The IMF controls 190 out of 196 countries. They are the common denominator to all the evil around the world. How is it that 1% controls 99% of us? Lets start using 3 leaf clovers for currency. Tax that!

  6. in case you dont know .. US Fed itself is a privately own entity. read the history early last century

    PS: thats why its listed in yellow pages in the tel dictionary

  7. You forgot

    * the profits of the Fed go to the US Treasury.
    * The Fed is “owned” by the banks like the local deli is “insured” by the mafia. If they don’t buy stock in the Fed they can’t do their banking/clearing business.

What do you think?

Short-Term Thinking Is Killing Your Bitcoin Journey. Here’s How To Stop and shift to long-term thinking with Bitcoin.

Bitcoin pit stop brrrrrr!!!