>and Federal Reserve that has as much to do with "Federal" as "Federal Express"
This is a patent falsehood. Federal Express (now FedEx) is a private shipping company.
The Federal Reserve System is a "private" bank created by an Act of Congress and managed by a Board of Governors, all of whom are placed by the President and confirmed by Senate. Additionally, the Chairman is chosen by the President from the Governors.
The list of checks and balances between Government and our central bank is long, but it misses the biggest point: What the Congress creates, the Congress can take away. Congress could end the Fed tomorrow or dramatically change its oversight and decision making capability.
To imply that the Federal Reserve is private in the same way as FedEx is about as disingenuous as you could possibly be.
I'm going to have to assume here that you are simply woefully misinformed and not actively trying to spread disinformation...
This is a patent falsehood. Federal Express (now FedEx) is a private shipping company.
The Federal Reserve System is a "private" bank created by an Act of Congress and managed by a Board of Governors, all of whom are placed by the President and confirmed by Senate. Additionally, the Chairman is chosen by the President from the Governors.
The list of checks and balances between Government and our central bank is long, but it misses the biggest point: What the Congress creates, the Congress can take away. Congress could end the Fed tomorrow or dramatically change its oversight and decision making capability.
To imply that the Federal Reserve is private in the same way as FedEx is about as disingenuous as you could possibly be.
I'm going to have to assume here that you are simply woefully misinformed and not actively trying to spread disinformation...