Quote:
Originally Posted by onwebcam
"The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. ... While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends."
https://www.stlouisfed.org/in-plain-...-reserve-banks
Translation for the stupid: Private bankers deciding how much they earn on trillions made out of thin air... |
You are still stupid .....
If it is so bad , then get rid of it ...
We have here the Bank of Canada :
Quote:
Who Runs the Bank
The Governing Council
The Bank of Canada is led by the Governing Council, the policy-making body of the Bank, which is responsible for:
the conduct of monetary policy
promoting a safe and efficient financial system
charting the strategic direction of the Bank
The Governing Council is made up of the Governor, the Senior Deputy Governor and four Deputy Governors.
The Governing Council's main tool for implementing monetary policy is the target for the overnight rate (also known as the key policy rate). This rate is normally set on eight fixed announcement dates per year. The Council arrives at its decisions about the rate by consensus, rather than by individual votes, as is the case at some other central banks.
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The Bank of Canada is not politicaly influenced ....