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[–] 20301795? 0 points 1 point (+1|-0) ago 

The Federal Reserve is a government agency. The Federal Reserve BANKS are quasi-private.

It's sad so many people here don't seem to understand the basics of how our government works.

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[–] 20301960? 1 point -1 points (+0|-1) ago 

While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations...

Sure it's a federal agency. That's the trick. You create an agency via an act of Congress to give control of the monetary supply to PRIVATE bankers.

It's so sad that many people here are so fucking gullible they don't seem to understand how corruption works.

It works by making it look legit. And apparently it works on you.

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[–] 20307620? ago 

It is legit. There are some valid criticisms of centralized banking but the reality is they have a long history of hundreds of years of successfully dealing with issues that were a problem before they existed. There's a reason pretty much every successful state does it - because it works. Is it possible that we could do better? Of course, but people who think it's all a giant scam are idiots.