Federal Reserve is not private. The district reserve banks that print money and lend at interest are owned by the member banks (Chase, BofA, etc) as required by law.
The Fed operates as a nonprofit, and any interest collected is given to the United States Treasury. The Fed is also audited and has an annual report on the audit’s findings. Whether or not it’s all on the up and up is most likely debatable, considering Ron and Rand Paul’s bill to audit the Fed even more than it is. I trust them more than a banker any day.
Federal Reserve is not private. The district reserve banks that print money and lend at interest are owned by the member banks (Chase, BofA, etc) as required by law. The Fed operates as a nonprofit, and any interest collected is given to the United States Treasury. The Fed is also audited and has an annual report on the audit’s findings. Whether or not it’s all on the up and up is most likely debatable, considering Ron and Rand Paul’s bill to audit the Fed even more than it is. I trust them more than a banker any day.
https://www.federalreserve.gov/faqs/about_14986.htm
It will probably get struck down if all the politicians are corrupt like that.
I think we need to do an audit and just show the crimes. It would wake up lots of people if they have the eyes to see.