Aielyn on 07 February 2016
| slab_of_bacon said:
Bond money owed to China is being paid back. The Federal Reserve is our central bank and privately owned. It doesn't make sense to me that a nation have to pay to increase the money supply let alone not have control over its own currency.
|
The US Federal Reserve isn't privately owned. It's an independent government agency, kind of like the courts. And that's not unusual - Australia has a similar system with our Reserve Bank.
http://www.federalreserve.gov/faqs/about_14986.htm
