I’m very well aware what the federal reserve is, and what it does. But, previous to the federal reserve banks printed their own money. The further from that bank you got the less that dollar was worth because it became a huge pain in the ass for a bank to transfer the required assets from far away.

So, if I had a dollar printed in Birmingham, Al. Then I caught a train to California, but not that far was required. That dollar was damn near worthless. Because the bank in California would have to have the bank in Al to send them a dollar worth of “assets”. It was ludicrous.

I agree that the federal reserve is A problem. It is one of many problems. But to blame the federal reserve for the problems plaguing the poor is incredibly narrow minded, and a weird hill to die on. After all we have enough money to spend on tons of other things that certainly seem superfluous. The “federal reserve” hasn’t eaten the money for those projects. From a multi-trillion dollar war on terror to giving out millions to people for ppp loans for farms that don’t exist.

So, keep on with this federal reserve nonsense. Yes the fed sucks, but it wasn’t really better before they came along. Just different. While we still have money to spend. We just “choose” to spend it not helping poor Americans, because that doesn’t play into our narrative of “if you work hard enough you can be whatever you want to be”.