/biz/ - Business & Finance

>>50780165
>The Fed is just a puppet of the banking cartel
This is true, but "banks" aren't an homogeneous group. The ones at the very top like JPMorgan, Rotschilds and such make the rules yes.
Still, it's not because commercial banks can legally conjure up on their ledger the loan deposits that they aren't ultimately constrained nor that the central banks are irrelevant, the scam is more convoluted than that