this post was submitted on 17 Aug 2024
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A Boring Dystopia

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[–] [email protected] 16 points 2 months ago (3 children)

they will make a trillion dollars appear out of thin air overnight

that's the federal reserve, which does what it wants and doesn't answer to anyone, including the president

[–] [email protected] 9 points 2 months ago

Thank you for adding information to my post. Have a nice evening.

[–] [email protected] 5 points 2 months ago

NO KINGS, NO GODS, ONLY FEDS.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

The fed chairman is nominated by the president... But more importantly the fed and the president almost never disagree, even under different presidents. That's because every president is first and foremost a servant of capital.

[–] [email protected] 1 points 2 months ago

I haven't seen anything to suggest that the fed "chairman" is anything more than a public talking head to give the impression that the government has something to do with what the fed does.

it doesn't matter whether potus, or anyone agrees with them