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Started By
Message
Why are taxpayers funding the Federal Reserve building renovations?
Posted on 1/13/26 at 7:59 am
Posted on 1/13/26 at 7:59 am
They provide some sort of service, sure. But the reserve makes billions doing that service.
Why are we on the hook?
Why are we on the hook?
11
Posted on 1/13/26 at 8:00 am to ChatGPT of LA
quote:
Why are taxpayers funding the Federal Reserve building renovations?
Keyword: FEDERAL
Posted on 1/13/26 at 8:01 am to BugAC
quote:
Keyword: FEDERAL
It’s not thou.
Posted on 1/13/26 at 8:06 am to BugAC
quote:
FEDERAL
It is NOT in any way, shape or form a federal building or entity.
Catch up Skippy
Posted on 1/13/26 at 8:07 am to OysterPoBoy
quote:
The Federal Reserve operates independently but is considered a part of the federal government, reporting to Congress.
I assume this has something to do with it.
Posted on 1/13/26 at 8:07 am to OysterPoBoy
quote:
It’s not thou.
EXACTLY. I do believe this adventure of PIRRO will be eye-opening, to say the least.
My kid wanted a money printing machine for Christmas. What a mind my 3 year old has.
Posted on 1/13/26 at 8:08 am to ChatGPT of LA
quote:
It is NOT in any way, shape or form a federal building or entity.
Yet it is the central banking system of the United States....skippy.
Posted on 1/13/26 at 8:12 am to BugAC
quote:
In 2018 FRB acquired the former United States Public Health Service Building (USPHS is now headquartered at Hubert H. Humphrey Building), now undergoing renovations and will be referred to as Federal Reserve Board East Building.
It is a federal building. Meaning, the government owns it. Regardless of who occupies it, renovations is by the feds. And, seeing as the fed is a Presidentially appointed entity, they aren't funding it themselves.
This has nothing to do with the pros/cons of the policy of the fed. Not everything is a battle, fellas.
Posted on 1/13/26 at 8:13 am to BugAC
quote:
Yet it is the central banking system of the United States....skippy.
It’s all the big banks colluding to set rates. Should be illegal. Fulwar Skipwith
Posted on 1/13/26 at 8:15 am to ChatGPT of LA
Ten Bears a MoneyBoard genius says its not being paid for by tax dollars
Posted on 1/13/26 at 8:15 am to OysterPoBoy
The Board of Governors is federal (that's the entity in DC where the renovations are taking place). The 12 Reserve Bank Districts are not part of the Federal government.
Posted on 1/13/26 at 8:20 am to BugAC
quote:
It is a federal building. Meaning, the government owns it. Regardless of who occupies it, renovations is by the feds. And, seeing as the fed is a Presidentially appointed entity, they aren't funding it themselves.
OK, we just need to increase the lease payments to cover the costs of the renovations, that's what I do with the property I own.
Posted on 1/13/26 at 8:21 am to OysterPoBoy
quote:
The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed board of governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, regulate and oversee privately owned commercial banks.[17] Nationally chartered commercial banks are required to hold stock in, and can elect some board members of, the Federal Reserve Bank of their region.
It's definitely one of those things that may have been needed at one point, like Unions, but now only serves the interest of itself, and not the people it or entity it supposed to represent. I don't disagree with banks being on the board, as they are the ones affected, seeing as the other option is having politicians control the US money policy, which is just asking for collapse. However, it needs to be reigned in. I think having someone like Bescent in charge of Treasury and leading the fed is the correct way, as opposed to letting them to their own devices.
FYI, i don't know enough about the fed to speak in depth, these are just my surface level observations.
Posted on 1/13/26 at 8:21 am to ChatGPT of LA
I have a fix for this and it’s kinda crazy, so hang with me for a second.
END
THE
FED
END
THE
FED
This post was edited on 1/13/26 at 8:22 am
Posted on 1/13/26 at 8:22 am to Victor R Franko
quote:
OK, we just need to increase the lease payments to cover the costs of the renovations, that's what I do with the property I own.
On whom? It's our building (the fed government). The board doesn't pay rent to the fed. They are appointed by the President.
Posted on 1/13/26 at 8:24 am to touchdownjeebus
quote:
I have a fix for this and it’s kinda crazy, so hang with me for a second.
END
THE
FED
The feds purpose:
quote:
Address the problem of banking panics
Serve as the central bank for the United States
Balance private interests of banks and the centralized responsibility of government
Supervise and regulate banking institutions
Protect the credit rights of consumers
Conduct monetary policy by influencing market interest rates to achieve the goals of
Maximum employment
Stable prices, interpreted as an inflation rate of 2 percent per year on average[36]
Moderate long-term interest rates
Maintain the stability of the financial system and contain systemic risk in financial markets
Provide financial services to depository institutions, the U.S. government, and foreign official institutions
Facilitate the exchange of payments among regions and the operation of the nation's payments system
Respond to local liquidity needs
Strengthen U.S. standing in the world economy
Not saying this to disagree with you, but who sets monitary policy if the Fed is ended? Politicians?
Posted on 1/13/26 at 8:27 am to ChatGPT of LA
quote:
But the reserve makes billions doing that service.
There is the bigger problem. The Federal Reserve is not designed to be a profit-making entity.
Posted on 1/13/26 at 8:29 am to boogiewoogie1978
quote:
There is the bigger problem. The Federal Reserve is not designed to be a profit-making entity.
Does it though? Again, i'm not 100% versed on the fed, but the fed is essentially a board of directors. How are they bringing in money. They set policy to protect the banking system. How is money getting to the board members? How is money getting to the banks? The policies they set can benefit the banks, but there is no direct income to the fed. Unless the fed set up a side account and is getting kickbacks (not out of the realm of possibility).
Posted on 1/13/26 at 8:30 am to BugAC
Go back to a Commodity-Based Standard. It’s really that simple.
Posted on 1/13/26 at 8:34 am to BugAC
quote:
The board doesn't pay rent to the fed. They are appointed by the President.
Why does a board of 12, need a multi billion dollar building?
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