There have been a myriad of threads about the Fed., however, I just want to discuss the facts.
The Fed is a private entity, not government owned.
The Fed was created by the richest families in America in the early 20th century.
The Fed was created to eliminate competition from smaller, regional banks.
The Fed is currently lending money to corporations at an interest rate of 0.75%. The companies that borrow from the Fed are buying Treasury bills at an interest rate of 2.5%. The Fed is therefore, directly selling American tax payer debt to corporations around the world.
Discuss.
The Fed is a private entity, not government owned.
The Fed was created by the richest families in America in the early 20th century.
The Fed was created to eliminate competition from smaller, regional banks.
The Fed is currently lending money to corporations at an interest rate of 0.75%. The companies that borrow from the Fed are buying Treasury bills at an interest rate of 2.5%. The Fed is therefore, directly selling American tax payer debt to corporations around the world.
Discuss.