Banks Regulate Their Own Regulator
"The banks that the Federal Reserve regulates are the legal shareholders of the Federal Reserve, and they collect a statutory dividend every year from the institution that's supposed to be policing them."
ℹ️ In shortBanks regulated by the Federal Reserve are its legal shareholders and collect a statutory dividend annually from the institution meant to police them.
Predictions closed
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… the 12 regional banks that actually run the system, owned by JP Morgan, Citi, Wells Fargo, Bank of America, the very banks the Fed is supposed to regulate, those banks are the legal shareholders of the regional Federal Reserve banks. Required by law to buy stock, pay the dividend on it up to 6% a year off the Fed's earnings. Listen to that again. The banks that the Federal Reserve regulates are the legal shareholders of the Federal Reserve, and they collect a statutory dividend every year from the institution that's supposed to be policing them. Imagine if Pfizer and Merck owned shares in the FDA and got paid an annual dividend by law out of the regulators' earnings. You would lose your mind. There would be hearings. There would be perp walks. But because it's banks, nobody talks about it. It just is, for over a hundred [snorts] years. …
Related claims by Scott Melker (The Wolf Of All Streets)
Bitcoin Protocol Durability
After 17 years, the Bitcoin protocol still runs as designed, with its 21 million coin cap intact and Satoshi's funds untouched.
Message in Genesis Block
Satoshi Nakamoto embedded a message in the Coinbase parameter of Bitcoin's first block, quoting a newspaper headline about a banking crisis.
Satoshi's Untouched Bitcoins
Satoshi's 1.1 million Bitcoins, now worth over a hundred billion dollars, have remained untouched on the public blockchain for 15 years.
Bitcoin System Launch
Satoshi Nakamoto launched the Bitcoin system on January 3, 2009, by mining the very first block, which serves as the foundation for all subsequent transactions.