Do you ever just look up at the sky—marveling at the uniqueness of the clouds—and think “wow, I can’t believe the Federal Reserve is a private bank”?

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Yes, yes I do.

Sometimes…

different countries have different CB rabbit holes. For instance, I was told, the Polish CB (NBP: Narodowy Bank Polski) has ties to London Citi

Prolly 170+ such cases

The FOMC has 7 publicly-appointed members (by the US Senate and US President) and 5 private members (by the banks, out of the 12 Federal Reserve banks). Thus, the majority of monetary policy decisions are always public, by design. Private banks hold the capital but public representation controls the decisions.

And really, that fits the narrative better. The Federal Reserve, like most central banks, is a branch of centralized government. It's a separate branch, but it's a branch.

But yes, sometimes I look up at the sky and wonder why I write Nostr posts about the Federal Reserve. Good evening, sir.

And who selects the pool of candidates Lyn?

Judicial, representative, executive… those are the real branches to me.

Then there are sub branches, but can a president come in and fire the fed chief? Has congress ever?

They cannot…

Here’s my branches #proofofwork

I can’t believe that one day this guy may actually have his face on a federal reserve bank note.

Almost daily 😂

I'm doing it all the time. Looking for UFOs.

I did but saw orange grays cuz sunset and mini rain

Looks like Night City's sky casting shadows. Are you nearby? We could grab some noodles out of Techbyte Augmented Eats on Cyber Alley

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Other side looked better in multiverse

Eloquently put, and yes !

Buna seara