I know they're considered "independent", that said they're still a central authority created by Congress to control the money supply whose members are presidentially appointed, with a .gov domain name to boot.

Fed Board of Governors are appointed and a part of the government. The actual Fed banks themselves are owned by commercial banks.

But do they report to the government?

For demand control reasons. Money printing can only control supply. The alternative is central bank becoming the basic income supplier, with no abilities to control demand.

The states, which have a central bank, a taxing buro and a government-owned lottery together, do have the necessary instruments to distribute UBI with a suitable demand control mechanism, with just a re-legistlation and re-organisation. US lacks the last one, hence lacks the instrument to do the demand control without debt control nand excessive taxing.

Because we understand that this is a ridiculous conspiracy theory, and also (apropos of nothing) "multinational" isn't a dirty word?

Hint: one of OP's sources is Glenn Beck. Also Rant Paul.

You could easily disprove this yourself. Just check https://en.wikipedia.org/wiki/Federal_Reserve#Legal_status_o...

> However, holding stock in a Federal Reserve bank is not like owning stock in a publicly traded company. These stocks cannot be sold or traded, and member banks do not control the Federal Reserve Bank as a result of owning this stock.

> the "ownership" of the Reserve Banks by the commercial banks is symbolic; they do not exercise the proprietary control associated with the concept of ownership nor share, beyond the statutory dividend, in Reserve Bank "profits."

Buy some Treasury Bonds, and you're also privately profiting from public debt. that's how it works. You need someone to take the other side to have any debt, and there is only one government.

Other than that: you have wilfully ignored the quotes, in what is obviously a bad faith attempt at trolling.

Please don't cross into incivility, regardless of how bad you think other comments are.

https://news.ycombinator.com/newsguidelines.html

Personal attacks will get you banned here. Please post civilly and substantively, or not at all.

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