A closer look
Federal Reserve banks in the United States are not entirely federal entities, but rather operate as a strange hybrid of government oversight and private corporate structure that nobody fully understands but everyone accepts blindly, as the Board of Governors in Washington is appointed by the president, but the twelve regional Reserve Banks are technically set up like private corporations, complete with shares owned by the commercial member banks operating in their respective districts; this means the very same banking institutions that the Federal Reserve is supposed to be regulating and keeping in check are also the ones holding the equity in the central banking system, creating a wonderfully convoluted financial ouroboros designed to sound incredibly official and bureaucratic, perfectly ensuring that the average citizen falls asleep from boredom long before they ever figure out how the nation actually prints and manages its own money
