“Established in 1913 to stabilize the banking system, the Federal Reserve has evolved from a decentralized lender-of-last-resort into a highly centralized, activist institution with a formal dual mandate (maximum employment and price stability). It has shifted from managing gold reserves to managing a massive balance sheet, utilizing complex tools like quantitative easing, and acting as a broad regulator.” Google AI.
The FED is being set up by our career politicians to take the fall when the next depression occurs as a result of their own financial stupidity! The republicans are cutting taxes which only adds to the Federal Debt while the democrats are increasing taxes but not using the increase to pay off any of the Federal Debt! Lose/Lose. In 2026 Interest payments on our debt will exceed 1 trillion dollars!
And that is all I’m going to say about that!
Drain the Cesspool 