Replying to Avatar cryptowolf

You are partly correct and partly incorrect.

Your government doesn't have a central bank. The central bank that devalues your savings and rewards their capitalist friends is independent of your government and not subject to it.

Federal reserve banks are private corporations.
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Jeff Swann 2y ago

The leadership at the Fed is appointed by govt officials, & all the major institutions in the financial sector are govt subsidized in some form or fashion. Calling any of that privitized or capitalist is completely retarded.

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