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The Federal Reserve is a Privately-Held, For-Profit Company
(lemmy.dbzer0.com)
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this post was submitted on 27 Nov 2023
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I'm not sure what your statement is intending. Are you saying people who work at the Fed aren't beholden to corporate interests just because there aren't shareholders?
The same fed that has the keys to the money printing machine, bank lending programs, and powers for short term low interest loans used to "stabilize market conditions", not to even mention the revolving door of regulators moving to private positions after their time deeply embedded in our financial institutions?
Your comment seemed like a non-sequitur, but mostly because the title didn't seem to be literal to me and more of a statement on corruption. Normally, when people make what I believe to be non-sequiturs, it's because there's an additional point they're trying to make that would make that non-sequitur click into place.
I appreciate the clarity.
That is...scary. Yeah I'm all for calling our current system of governance a keptocracy or make comparisons about "buying a ticket to congress", but if those statements are being taken literally then getting us to a place where those aren't just little quips and more of a reality is going to be easier than I thought.
That only makes it worse. "I only lied about bad thing X being Y because I want to attach bad connotations to Y".