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114 sats \ 3 replies \ @tomlaies 12 Mar freebie \ on: Who owns the Federal Reserve? conspiracy
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No Patrick, the Federal Reserve is not owned by old banking families.
The FED is made up of 12 regional reserve banks. Each of these regional reserve banks is overseen by a board of directors, which includes both politicians and appointed members from private sector banks within the respective districts. And the private sector banks within the respective districts have deposits with their respective regional reserve banks. But they don't "own" them.
Blame politicians for currency debasement of the fed. Not "old banking families".
Big private banks most certainly are the shareholders/owners of the Federal Reserve Banks, and even receive a 6% annual dividend.
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The fiat system is cooked from the ground up. If anything, it would be even worse if private sector had no seats and politicians had all the say. That would be full on planned economy communism. That would be way worse. And we kinda have this already... because politicians have the final say...
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Politicians are actors, that do what their masters want. Their masters are bankers.
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