Do you believe the US dollar is losing its value? Did you know the federal reserve isn't a government owned entity?

[Awesomesauce2005]

Yes

No

[abc3643]

The Federal Reserve is an independent entity created by Congress in the Federal Reserve Act of 1913. Just as easily as it was created, Congress can eliminate it. But that's not in the nation's best interests nor is in in Congress's.

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https://www.federalreserve.gov/aboutthefed/fract.htm

The Federal Reserve Act of 1913 established the Federal Reserve System as the central bank of the United States to provide the nation with a safer, more flexible, and more stable monetary and financial system. The law sets out the purposes, structure, and functions of the System as well as outlines aspects of its operations and accountability. Congress has the power to amend the Federal Reserve Act, which it has done several times over the years. The complete act, as amended, is provided here by section.

https://www.federalreserve.gov/faqs/about_14986.htm

Who owns the Federal Reserve?

The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D. C., is an agency of the federal government and reports to and is directly accountable to the Congress.

The Federal Reserve derives its authority from the Congress, which created the System in 1913 with the enactment of the Federal Reserve Act. This central banking "system" has three important features: (1) a central governing board—the Federal Reserve Board of Governors; (2) a decentralized operating structure of 12 Federal Reserve Banks; and (3) a blend of public and private characteristics.

The Board—appointed by the President and confirmed by the Senate—provides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. The Board reports to and is directly accountable to the Congress but, unlike many other public agencies, it is not funded by congressional appropriations. The Chair and other staff testify before Congress, and the Board submits an extensive report—the Monetary Policy Report—on recent economic developments and its plans for monetary policy twice a year. The Board also makes public the System's independently audited financial statements, along with minutes from the FOMC meetings.

In addition, though the Congress sets the goals for monetary policy, decisions of the Board—and the Fed's monetary policy-setting body, the Federal Open Market Committee—about how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government.

Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. For instance, each of the 12 Reserve Banks operates within its own particular geographic area, or District, of the United States, and each is separately incorporated and has its own board of directors. Commercial banks that are members of the Federal Reserve System hold stock in their District's Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U. S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.

[Hardon-Collider]

Do you believe your eyes? Shekel sniffers own much more than just the governments around the world. All the biggest AI giants are joo owned. Joos are exterminating christians via perverting the teachings and the wars and global conflicts they invent, because christians are the largest obstacle to total technocratic annihilation of the human spirit. It's not a matter of belief. ㅤ

[CupcakeTheDestroyer]

Yes the dollar is losing its value, and yes I did know that the federal reserve was a privately owned entity that often works with the government but is not part of the government itself.

[Chazmatazz269]

Yes and yes. The US dollar hasn’t had any real value since 1971. It’s hilariously like art, it’s only worth what someone is willing to offer for it in return. If any two major global economies stop backing US currency, our economy will collapse completely. Drumpf’s attempts to strengthen our domestic economy are meant to shore up that glaring weakness, but it won’t happen overnight.
US currency has always been controlled by private banks. The Federal Reserve was meant to stabilize the value of our currency under short term ebbs and flows. Of course, as it always has, wealth and power corrupt and the Federal Reserve is the epicenter of both in the US.

[WindAtMyBack]

The USD losing value compared to other currencies might be a good thing, depending on your point of view. For the same reason some other countries try to prop up the USD, the US might benefit from doing the opposite.

As for the Federal Reserve, it is NOT an independent entity that is separate from the government. It only has a small degree of independence, but is entirely answerable to the federal government.

[Awesomesauce2005]

So it's better that instead of my bread costing 5$ a loaf it now costs 10$ because there are more dollars and they are worth less so the price of things goes up? How is that better? Eventually the usd would be worth as much as the paper it's made of if we keep going down this path.

[WindAtMyBack]

If you are talking about inflati0on, that is something different. I assumed you were talking about the USD exchange rate. In other words it's value compared to other currencies. The exchange rate is what the strength of the dollar refers to.

If you are talking about inflation, no I don't think it's losing value any faster than in the past. The inflation rate peaked during COVID and the first few years after that. All the shutdowns really screwed things up. The inflation rate has been falling since then as things slowly get back on track.

There is always inflation, but wages have increased faster than inflation. So the effective prices are actually going down, not up.

[FunkyMonkee]

Yeah!! It started a LOOOOOONG time ago!!! Mostly thanks to greedy people!!
As of about a decade ago, the dollar bill was only worth about 2c!! Within a couple years, it became worth less than the money you play Monopoly with!!
I'm constantly hearing shit about how a certain amount of money 100 years ago is the same as a fortune, today!! "$3000 back then is now worth a couple million."

[exitseven]

We have just experienced the worst inflation in decades. During the last administration the government was printing a trillion dollars every 100 days. Of course the value of the dollar has gone down.

[lightbulb27]

yea but it's made one heck of a party...

It's the french fault, they wanted their gold back and should have just trusted us, right?

yes, the creature from jekyl island.

[NathanDavis]

the dollar makes it's own value... nothing else has that ability

[Awesomesauce2005]

If you have too much of something that makes it worth less

[NathanDavis]

is 100 years too much?

because it's been almost 100 years since the US dollar started to become the top currency... right after the "first war" and definitely the lead, since the "second war" and ever since... people keep saying the dollar is done and over

almost 100 years later... it's still there

the value can always go up and down, just as much as everything else... but deviation of a percentage doesn't mean all your value is gone so... how much is too much?

[Awesomesauce2005]

The US dollar has currently lost 95% of its value over the past 100 years. It has literally lost its value so much we stopped making pennies because it cost more to make the penny than it was worth. This is a massive problem that can only be fixed if we stop printing money.

[NathanDavis]

I'm sure you meant to say "purchasing power"

but that doesn't reflect on the value of the dollar for real... that's just the never ending inflation, and the current trending of "digital net value" which is fake money... and still based on the dollar

so yeah, cash might not hold the same power in investments, but your "net value" still holds all of the purchasing power

and that's why all these fake billionaires and trillionaires have nets worth in the DOLLARS

and not in the "five metric tons of gold"

[Awesomesauce2005]

Semantics, it's all the same. Purchasing power and value of the dollar are exactly the same.

[NathanDavis]

obviously not... since governments and companies, literally... just print endless cash, or co-sign digital value like it's nothing...

[Awesomesauce2005]

Yup and it brings up the price of goods because there are too many dollars

[NathanDavis]

actually... monopolies bring up the price much more, and other factors

one example of that is... the price of both RAM and GPU's, it is not related to a weakened or a strong dollar, but to the demand and offer and the effective control of the few companies who make them and the many that hog them like it's toilet paper during the COVID era

[Awesomesauce2005]

I'm surprised how you can overcomplicate this to the point that it's an incorrect statement

[NathanDavis]

nothing else has more value than the US dollar... it still rules the world, whether we like it or not

[noohair]

It is not prices going up, it is the value of the paper going down... the Fed is a whole other issue...

[slatyb]

There's been very little movement of the dollar against other currencies like the Euro, so no.

[Awesomesauce2005]

Probably because the euro is being devalued as well.

[slatyb]

Compared to what? The only major currency that is much more expensive is the Swiss Franch. The Euro is $1.18, the yen is cheaper, the GBP is a bit more expensive than in late 2022.

Price increases are not a sign that dollar is weak; more likely a sign that import taxes have been increased. We are seeing many reports of small businesses killed by Trump's tariffs.

[Awesomesauce2005]

Price increase means there are more dollars therefore they have to raise the price to account for the demand

[DryGermanGuy]

The FED is obviously part of the government, just not part of an administration.

[Ariesman81]

It may not be a Government owned, but it's controlled by Government policy.

I. e. Covid Stimulus checks were a Govt economic policy which forced the Fed to print more money.

[888theGreat]

FED is part of the Gov't, nothing about it is private , same with Post office. More Gov't BS. Dollar has lost 98% plus of its value.

[Sal_Monella]

Yes and yes. Since the year I was born, prices have increased.13.44 times.

[jahaims]

It's not a matter of belief. It is factually losing value and you can track it.