>>4453066 (notables)
This person does not know that all of the profit the Fed makes of its interest fees goes to the Treasury. Whenever you see someone telling you about the Fed pay attention to this point. If they leave this part out then they are trying to mislead you.
He also thinks the gold price is suppressed and that it should be around $10,000. It doesn't cost $10k to mine an ounce of gold. Gold is actually HIGH right now because of the demand from China.
This guy has drunk the kool-aid.
KEK!
No I'm not. I'm calling out BS.
The only thing wrong with the Fed is how the power to change interest rates and knowledge of when it will happen can be used by the bank to gain unfair market advantage. The structure of the fiat currency system is not the problem. All we need to do to fix the Fed is require that all policy changes by approved by the Senate and after PUBLIC debate.
It's not privately owned. It's controlled by private interests. So you might poetically say it's "owned", but it's not legally so. All of their profits go to the US government.
The Fed was established in Dec 1913. If the government ever sold it to the Rothschilds then show me the docs.
Feel free to inform me where I'm wrong.