Privately owned bank prints money of thin air with interest

>privately owned bank prints money of thin air with interest
>why are we in debt

how can people be so dumb

And what are you referring to?

He's an idiot who failed his intermediate macro class and now spouts 'muh fed' conspiracy theories because he's too much of a brainlet to understand the basics of money.

Profits by the Fed go back into the US treasury after a small dividend is sent to member banks to cover costs.

boomers are incompetent nitwits who couldn't handle their own lives. So they demanded the government turn our country into some sort Frankenstein abomination. So that the MONSTER that is our federal domestic policies would conjure up houses for everyone.

You never read the Federal Reserve Act. If you did you would know what said.
The questions thus are:
1. Why do people who claim to be the saviours of the world lack basic knowledge of the things they criticise or want to fix?
B. Why do people rather jump to the conclusion that the entirety of the informed populace is brainwashed and ignorant rather than that they misunderstand the concept they are uninformed about?

It doesn't even do that. It somehow cashes checks for billions of dollars with zero dollars in its account.

I mean seriously: What drives one to think that everybody who ever read the Federal Reserve Act misunderstands it but you who didn't sees through these lies? Is it video games? Delusions of grandeur? Desperation for a scapegoat?

And now you openly brag about using scapegoats to hide your lack of knowledge? Seriously think about what this is saying about you.

Fractional reserve banking is a prerequisite of any large scale monetary system. It's not bad in itself but sure, it can be used for evil, and often is

not privatly owned
printing money (at certain rates) is good
USAs debt doesnt matter

why do amerikeks have these gold standard conspiracies?

>jew spotted

What's the rationale for the bank being private? I never understood that the people who directly control a government currency are a private organization. I mean, famously Jackson stamped the bank out and balanced the budget, but no one since then has done it.

Derp

They still follow government orders.
And because a government owned central bank shits out money every election campaign to boost the economy and get votes. There are and were government controlled central banks and they consistently underperformed independent ones.

Shhh goyim its a "federal" reserve I swear.

With all this impossible debt, what is the end goal? Other than control. What is going to happen? Reset? Or just even more public resource entering the hands of the "bankers" to repay?

Or maybe don't spend 75% of your budget on healthcare, social security and defense? Particularly "defense."

>spending half a trillion a year on defense
>allow 20 sandniggers to destroy us

Money well spent, eh?

Good meme but America's actually not in debt due to devaluation of currency, and has had legal limitations to avoid that situation since the Great Depression.
Maybe read a fucking economics textbook.

the boomers do not understand something that the government cannot banish

inflation is more than twice what it should be

debt absolution whenever the restructuring of the Asian power landscape happens

Torture for the goyim, the jew's sole purpose in life is to make the nonjew miserable and what better way than controlling their economy and slowly destroying it causing millions of goyim to starve to death.

Do you think it could be the start of UBI?

Why would they even charge interest to the US treasury if it just goes back into the treasury? This feels like a sleazy salesman trying to sell some busted ass bullshit.

A properly spent American budget would be half of what it the current budget is. Properly meaning you take out all the inefficienies like multiple parties being involved and going directly to the source. That alone will reduce cost by nearly 25%. The other 25% comes with switching from profit driven industries to utility based industries.

The problem is that those people have companies of their own, and many times use FED to help these companies; just like a mayor sometimes build nice stuff near his house.

>Utility based industry
What's that?

"no matter healthcare and pay checks for new adidas shoes are more expensive, defense (that includes more research education budget does) is the problem"

An industry which is run to maximize efficiency rather than profit. Before you say "there's no difference, muh invisible hand" look, as an example, at the reluctance of telecom companies to upgrade US internet infrastructure because they're already raking it in and have no reason to improve their service or even ensure that the service their customers get is what they advertise. There's also planned obsolescence, which is hideously wasteful in terms of resource consumption but is more profitable for the company than building things to last. Many such cases!

Abolish the fed.