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governments do not create money; the central bank does. ... It can issue bonds and ask the central bank to buy them. The central bank then pays the government with money it creates, and the government in turn uses that money to finance the deficit. This process is called debt monetization.
~S~
The Fed is an arm of the government, moron.
Well, except it isn't. It is a privately owned entity
Well except for the fact that the government runs it, controls it, regulates it... basically every single thing about the Central Bank, is government.
Trump Announces Jerome Powell as New Fed Chairman
Senate Confirms Janet Yellen As Federal Reserve Chair
What Does the Fed Chairman Do?
So lets review.... the Federal Reserve chairmen, a position with all the other board members, only exists because government created it, and has to be nominated by the president, and confirmed by the Senate.
Do tell, captain privately owned..... Which CEO or board member of Bankcorp, PNC, or Capital One, was nominated or confirmed by government?
Answer of course is... None. Because they are 'actually' private. Federal Reserve is not private by any stretch.
Need more proof?
The Fed Delivered $80.2 Billion in Profits to the Treasury in 2017
The Fed signed over $80 Billion in profit to the US Treasury.
Which of the actual private banks, have just handed over billions of dollars in profit to the Government? Answer.... none. Because they are actually "private". The Fed Reserve is not.