Federal Reserve
The Federal Reserve is neither, being a private bank with obfuscated ownership, and holding nothing in reserve. Fiat currency is an illusion based on the perception of the holder that they may exchange it for goods and services. As a store of value it has exponentially decreased in worth and with the current rate of money-printer-go-brrrrrrrrrrrrrr quantitative easing to infinity, the value proposition can only continue to slide in one direction.
Federal Reserve
Description
The Federal Reserve is neither, being a private bank with obfuscated ownership, and holding nothing in reserve. Fiat currency is an illusion based on the perception of the holder that they may exchange it for goods and services. As a store of value it has exponentially decreased in worth and with the current rate of money-printer-go-brrrrrrrrrrrrrr quantitative easing to infinity, the value proposition can only continue to slide in one direction.
Masters of the Universe - The Secret Birth of the Federal Reserve
Money Banking and the Federal Reserve
Jekyll Island - The Truth Behind The Federal Reserve (2013)
Who Controls the (FED) Federal Reserve by Majority_ 2010