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Well, considering how the comment literally says "Wealth inequality and social unrest in America is DIRECTLY related to corrupt and/or incompetent (you choose)
by pmiller2 6y ago
Well, considering how the comment literally says "Wealth inequality and social unrest in America is DIRECTLY related to corrupt and/or incompetent (you choose) Fed policies," you'll forgive me for disagreeing.
- mixmastamyk 6y agoFederal != Fed, the reserve bank. Close, but not identical.
- pmiller2 6y agoYou are arguing a minor, irrelevant, and largely incorrect point of semantics. > Who owns the Federal Reserve? > 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. (emphasis added) https://www.federalreserve.gov/faqs/about_14986.htm https://www.federalreserve.gov/faqs/about_14986.htm
- mixmastamyk 6y agoYou are the only one in the thread who doesn’t appear to understand it.
- pmiller2 6y agoWhat is difficult to understand about "the board of governors is directly accountable to Congress?"