Posted by Socrates in bankers, banking, Federal Reserve system, jewed economics, jewed finance, Socrates at 11:14 am |

“The Fed” (as it’s called) isn’t “federal,” i.e., it’s not part of the federal government, even though, for some strange reason, its website has a “.gov” URL [1]. Despite its odd claim to the contrary [2], the Federal Reserve is owned by member banks (i.e., members of the Federal Reserve system) and it has stockholders. […]