>>15500376no, you are talking about tier 2 commercial banks, who also beg from the fed when they do need funding
when commercial loans are repaid, the money (less interest) is destroyed/erased, just as it was created
do not confuse the primary dealers, the fiscal agents for the US, with commercial banks
The Fed Res Board of Governors are appointed by the President and confirmed by the Senate. They are neutered and ineffective, and under regulatory capture by the NYFed.
The 12 Federal Reserve Regional branches are franchisors, franchisors which sell franchisee stock to private banks in their region.
The private banks buy stock in their regional Fed franchise, stock which earns dividends of 6% annually.
The NYFed is the largest and most powerful regional Federal Reserve branch. It conducts all trading for the Federal Reserve and is custodian for its assets. Its shareholders are the private big banks, aka the primary dealers, who are market makers for US treasuries and are now using those treasuries and QE to counterfeit our currency.
The Fed likes to confuse the publicly appointed Fed Board of Governors with the privately-incorporated shareholders of each regional Fed, so people don’t realize we are paying private banks to issue our currency.
Pic fucking related
