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10 sats \ 1 reply \ @GhostofTruth 17 Jan 2023 \ parent \ on: The Fed Is a Purely Political Institution, and It's Definitely Not a Bank. bitcoin
I recommend You to read Griffins "The Creature from Jekyll Island". That gives You an idea of the real balance of power. Politics depends on the Fed's money printer like never before (same in other countries) and the little contribution to the Treasury is a joke in relation to the wealth transfer the owners of the Fed realise year by year. Think of the Fed as lender of last resort, refinancing hub, RRepo etc...
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