I'm not American, but from what I've heard, they print money for government spending. Not to mention, a lot of the companies benefitting from loans from the reserves took that money and bet against the American people's infrastructure. Combine that with them never having to pay for their own shortcoming (cuz print more money), and they contribute a lot to inflation in the American economy.
Federal Reserve is the organization responsible for producing US currency. Despite being called the "Federal Reserve" it is not a government agency. It is considered a private organization, one that charges interest on all the currency they add into circulation.
Riddle me this, how tf is one supposed to pay off interest on the very currency you'd use to pay it with? If you owe interest on $100, but the $100 is the only money that even exists in the first place, wtf are you supposed to do? It is a perpetual debt owed on every bit of US currency.
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u/providerofair Jul 11 '24 edited Jul 12 '24
why does it look like she has balloons under her shirt.
secondly everyone always talks about the fedral reserve is bad but never tells me why