I understand that. It is a private bank that has its CEO selected by the president and approved by the Senate. (No other private corporations operate like that, right?.....)
I wonder if the proposed “Infrastructure Bank” will also be a private or quasi-private corporation? The left says it will be able to spend a leveraged $650 billion on projects with just $10 billion.
Just more and more debt
“I understand that. It is a private bank that has its CEO selected by the president and approved by the Senate. (No other private corporations operate like that, right?.....)”
True, but so what? The pick from a pool of candidates that are pre selected by the banks that own the Fed. It doesn’t matter who they pick, they will all do the same thing.
Kennedy was the last President who went against the Fed by having the Treasury print money backed by the United States’s silver. He got his head blown off and by 1964, silver was out of the money supply.