Who pays back the depositors when the reckless state loses billions on their loan portfolio?
Permanently circulating, government-issued fiat is one method.
Our current money isn't like that? Why not?
and instead force the government to borrow it from them.
How does the Fed force the government to do that? You think the government borrows FRNs? For what?
$47 billion is a small price to pay for control of a nation.
How does returning all their income after expenses give the Fed control? Sounds like the government controls the Fed.
Its like the Bible says: "the borrower is slave to the lender".
The slave is getting $47 billion in free money from the lender. You're more confused than usual.