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the fed has an opportunity to participate. it is a private entity, and not part of the federal government. mind blowing? yes. but if you are not part of the f
by appleflaxen 7y ago
the fed has an opportunity to participate. it is a private entity, and not part of the federal government.
mind blowing? yes.
but if you are not part of the fed, then you are absolutely being denied the opportunity to benefit from printing more fiat.
- SpicyLemonZest 7y agoThe Federal Reserve is a private entity in the same sense as the Postal Service. They're not private in the same way as a normal bank; nobody becomes rich just because the Federal Reserve has more assets.
- Pyxl101 7y agoThe Federal Reserve is not a private corporation. It is an agency of the United States government, which was established by an act of congress: https://www.federalreserve.gov/faqs/about_14986.htm https://www.federalreserve.gov/faqs/about_14986.htm > The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress. Regional federal reserve banks are also not private corporations, although their organization structure shares some features in common with them. Member banks that participate in the federal reserve system, on the other hand, are typical companies.