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The largest banks in the US collectively decide things like what the federal reserve interest rates will be. They literally decide how much money they can creat
by Consultant32452 4y ago
The largest banks in the US collectively decide things like what the federal reserve interest rates will be. They literally decide how much money they can create.
- lottin 4y agoNo, they don't. That's not how it works. Read the PDF.
- Consultant32452 4y agoI did and didn't learn anything new. The big banks make up the federal reserve. The federal reserve sets the interest rates. The interest rates determine the amount of money created. The banks decide how much money they can create.
- lottin 4y agoIf you did, it went over your head, because you don't even know what a central bank is. Maybe try reading something more basic first.