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submitted 4 weeks ago* (last edited 4 weeks ago) by Wuli1@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[-] TheJesusaurus@sh.itjust.works 1 points 4 weeks ago

I mean I agree with everything you've said here but I think you're also misinterpreting the relationship between the fed and the us government, the feds public facing function and what it does.

[-] Mulligrubs@lemmy.world 1 points 4 weeks ago* (last edited 4 weeks ago)

I don't work at The Fed, but I do know every member on their board is from a bank or financial institution and they will return to a bank or financial institution after they serve their term.

The FED are bankers in charge of the regulation of bankers.

You can disagree and that's fine, but put me in the camp of Bernie Sanders and many others.

Recommend a book to me to convince me how great they are, I don't take your word for it.

https://www.commondreams.org/news/sanders-bank-executives-federal-reserve

[-] TheJesusaurus@sh.itjust.works 1 points 3 weeks ago

Of course they are bankers, that's by design? It's literally how it's set up. I generally respect Bernie sanders. I don't think the fed is a great example of a central bank implementation either but you can't just hand government the power to print money...

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

They go back to work at the bank after the FED, the VERY BANK THEY REGULATE.

Open your eyes, please and thank you.

"you can't just hand the government to print money" Guffaw . Good idea, let's get the for-profit banks to print money. BRILLIANT

[-] TheJesusaurus@sh.itjust.works 1 points 3 weeks ago

You keep saying these things, I know that, that's precisely how the fed is designed.

The fed isn't a for profit bank

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago

The FED IS staffed by for-profit bankers before and after their term on the fed.

The FED is for profit.

this post was submitted on 06 Jan 2026
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