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53 sats \ 9 replies \ @OgFOMK 30 Nov \ on: Bankers, Fed Origins, and World War I Politics_And_Law
It's a centralized, decentralized franchise cartel. Like Kansas City verses Saint Louis. The Saint Louis Fed has smarter Bitcoin aware posts and Kansas City is peak Fiat. But the cartel still gets to print the money, regardless.
Each Fed bank has it's own focus, so there will be better and worse work done by each.
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Damn autocorrect!
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I don’t know who programmed or trained it, but mine seems to have a lot of bad habits, too. It likes to change words that are not so familiar to a completely misfitting other word. Changes the whole damn meaning of what you were trying to say.
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He also forgot his adverb: always!
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Some of them only have the worst available. Take for instance, Neil Kashkari in Minneapolis, he is a total idiot, but he is the head of that branch. He is one of those statisticians, thinking they are doing banking or economics.
The Fed banks in a region are also owned by the commercial banks in that region. So, they do have different foci, depending on what the local banks are more interested in.
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