It really isn't private.
that creates currency out of thin air and !oans that currency to the US govt at interest.
Can you clarify this claim? Do you think the Fed creates $20s, $50s, $100s, etc. and lends them to the US government?
How do you think we amassed $23 trillion in debt?
By spending more than we collect in taxes.
Govt spending did not get us to $23 trillion.
Sure it did.
The express purpose of the Federal Reserve is to transfer wealth to the financial elites on wallstreet.
How?
President Trump is in the process of getting rid of the Federal Reserve
He really isn't.
This current $2 trillion stimulus unlike TARP is not bailing out banks. Its going to individuals and businesses.
Are you confusing Treasury actions with Fed actions?
The Fed is on life support and Trump is letting them bleed out issuing currency at zero percent interest.
You said they can create currency out of thin air, how does zero percent interest make them "bleed out"?
Yes the Federal Reserve absolutely creates currency and loans it to the US government at interest. Hence the Fed interest rate. Even worse it allow banks to borrow the dollars and then lend out 9Xs that amount ie fractional banking.
Every dollar that goes into circulation arrives with debt attached that is owed to the Federal Reserve. Now that Trump has driven them to zero the new currency is going into circulation with no debt. Those are equity dollars and do not add to the national debt. In fact Trump is just bleeding the Fed dry and is going to stick them with their bloated balance sheet.
Don’t worry its all going to turn out fine. By the end of Trump’s second term he will either have absorbed the Fed into the US Treasury Dept or nationalized them or just let them die on the vine and instruct the US Treasury to begin constructing their own instruments for currency creation like the constitution intended. Enjoy the show.