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More of the insane sovcit book with link to online copy in the comments. (lemmy.world)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 10 months ago (2 children)

Gotcha, so the Federal Reserve is a Corporation (though I can't find documentation on that aspect either way) and the laws of the Federal Government allow Corporations to exist so the Federal Government still can't be a corporation!

I know you are not disagreeing, it is just so weird for the Sov Cit's to pick this hill to die on.

[–] [email protected] 3 points 10 months ago (1 children)

This seems to have some context around it.

It's apparently referred to as the strawman theory

[–] [email protected] 1 points 10 months ago

An educational reading, thank you

[–] [email protected] 3 points 10 months ago

They call the Federal Reserve a corporation due to the fact that it actually is a private legal entity. As in, the President of the United States can't tell Jerome Powell, the current Fed chairman, what to do.