The federal reserve absolutely creates dollars. Describing various open market operations it engages in changes NOTHING. You are just describing the general operation.

>However it's better characterized as an abstraction of obligation.

It spends as money, it's money. It's just plain stupid to suggest otherwise.

Once again US banks are no longer fractional reserves. I posted the link.

>can give you your 1000 dollars back when you ask for it even if the person they loaned 800 dollars to hasn't paid THEM back yet.

This hasn't been an issue since the vast majority of money went digital. They don't even consider it any more. The point of the reserves in the past WAS so you could they could hand out paper money and overall would have enough.

>It's a complex system and it's hard to understand

Not at all. It is when you want to be deceptive.

>The complexity and the abstractions all over the place make it seem nefarious until you understand it better.

That's just funny. A central authority with absolute control over everyone's lives that has the ability to create endless amounts of money with no one able to know how they spend it...nahh....not nefarious at all.

>t's not just the fault of the Federal Reserve it's our leaders across the board in corporate offices, in government, everywhere to blame.

No, it's just the central banks. That's really it. Good to know their sycophants are all over the place though.

>It's more of a tool that doesn't care one way or the other.

Cool. Let's audit it.

>It's better to focus on the political leaders as well as people in the executive and judicial branches because they can actually do something about it, and they haven't. They've been working for the very rich.

If you aren't working for the bankers, you should be! They'll pay you handsomely for this level of propaganda.