Lol. The federal reserve isn't company. It is a quasi government arm that is privately owned and partially privately run where all profits go back to the Treasury.
But if you want to include them, ok.
What does the federal reserve need to continue operating? The government...they need the federal reserve act of 1913, aka, a law, to continue operating. Without it they shutdown. Without the government, nobody would listen or use them.
I rest my case.
The federal reserve **bought** the US government; they don't **need** the US government. The 1913 Act can be repealed...you thing the folks who ien the fed will just hang it all up & go sail off into the sunset?
What other organization can produce & sell USD besides the Fed and its subsidiaries? No one (otherwise they'll feel the forceful consequences).
You invoke law a lot, I think that's a fatal fallacy.
Yes, they absolutely need the government. If the US and all states decided to make it only legal to pay debts, trade and taxes in gold, Bitcoin, or liberty notes, the dollar would plummet to zero instantly. The fed would cease to exist. There have been a few central banks, the others don't exist anymore.
You're conflating the natural concept of a monopoly with the legal concept of a company with total success.
The fed bought the governement with real industrial money, not dollars! The Act enabled it, but realistically, the absence of an Act wouldn't have prevented them from monopolizing...something.
These were titans of industrial era capitalism, ultra rich far beyond what we have today. We need to treat them like peer superpower nations, if we talk about removing them.
Coincidentally...I think that's exactly what's playing out right now.
You seem to not understand or are forgetting that these elitist, bankers and industrialists got wealthy BECAUSE of government. Contracts, wars, trade deals, eminent domain, and so on.
I'm not forgetting anything; there's a lot of history before "governments" that's as real as reality today. 😉
Cheers!
And of course nobody else produces the FEDERAL RESERVE NOTE, LOL. It is their note.
