so today I was in line at the store with my lil bro, and the guy in front of us needs change for a 100. he asks the store manager if they have change, so they check the back. then some lady with box dreads comes up behind me and says stuff like “you know, money isn’t even real. check the bills they say federal reserve note. you don’t own that, the government does” and i’m nodding my head like yup she gets it. Then she starts saying stuff like “black people are also native Americans and that black is only a color, it cant be used to describe an entire culture or ethnic background” …and i’m standing there like…”i just came in to buy sprite and blunt wraps”
What is the Federal Reserve? Why is it bad? Or good? Why do weird right-wing types hate it? How does it work? How does money work in the Federal Reserve system and how would it work without it?