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re: The federal government is 19 trillion in debt
Posted on 2/12/16 at 7:01 pm to cardboardboxer
Posted on 2/12/16 at 7:01 pm to cardboardboxer
the Fed is a private firm. Just guess who owns it, along with those other funds.
You say ourselves, but I'm not an ultra-wealthy internationalist aristocrat
You say ourselves, but I'm not an ultra-wealthy internationalist aristocrat
2
Posted on 2/12/16 at 7:10 pm to genro
quote:
the Fed is a private firm
But it isn't independent from America. The president appoints the Federal Reserve Board and the Federal government sets the board salaries. Hell the US government gets a yearly dividend too. The closet thing we have to that is a primary shareholder which is usually the threshold to claim ownership.
Now as far as the fact that none of us here actually control or directly benefit from any of that, point well taken.
This post was edited on 2/12/16 at 7:13 pm
Posted on 2/12/16 at 8:04 pm to genro
quote:
the Fed is a private firm. Just guess who owns it, along with those other funds.
You say ourselves, but I'm not an ultra-wealthy internationalist aristocrat
The Fed was created by congress. Any and all profits by law go to the Federal govt. It can be changed, or abolished by an act of congress at any time.
We now return you to your regularly scheduled fox news regurgitation.
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