the purpose of the federal reserve is so that only the government can control the monetary supply, but nowadays private banks can effectively create dollars ex nihilo. the federal reserve's dual mandate is to keep employment as high as possible, thereby keeping unemployment as low as possible, and to maintain inflation at around 2%. inflation has been above the fed's target for five years now across two separate administrations and employment numbers are detached from reality as the definition of the labor force has been continually adjusted to make the data appear more favorable than it really is. meaning the federal reserve has entirely abandoned their mandate.so then what purpose does the fed serve? why does it exist in 2026? what is their actual mandate?
>>62780554no you've got it a bit mixed up. the federal reserves job is to gather usury from the public funds it lends to the indebted government. the government was conned into taking out loans it cannot pay. so is now indebt in perpetuity. the fed simply controls how much money it can suck from the government without killing the host. like a parasite. think of them like an anal wart.
>>62780554>private banks can effectively create dollars ex nihilo.you forgetting the oart where they have to recollect that
