Ultimately. Especially since Chase is one of the major shareholders of the Federal Reserve. Funny though, all of my money says “Federal Reserve Note” on it.
A major shareholder? How do you know? Did you ever find out how much profit they make from these shares every year?
Do the shareholders get to vote on interest rates at Fed meetings?
Funny though, all of my money says “Federal Reserve Note” on it.
Why is that funny?
And who are the shareholders of Chase and the other money center banks?