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October 8, 2008 at 14:08:11

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THE FED NOW OWNS THE WORLD'S LARGEST INSURANCE COMPANY -- BUT WHO OWNS THE FED?

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By Ellen Brown (about the author)     Page 3 of 3 page(s)

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If the Fed were actually a federal agency, the government could issue U.S. legal tender directly, avoiding an unnecessary interest-bearing debt to private middlemen who create the money out of thin air themselves.  Among other benefits to the taxpayers. a truly “federal” Federal Reserve could lend the full faith and credit of the United States to state and local governments interest-free, cutting the cost of infrastructure in half, restoring the thriving local economies of earlier decades.   

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1           See Ellen Brown, “The Secret Bailout of JPMorgan,” webofdebt.com/articles (May 13, 2008).

2           Ellen Simon, “Fed, Central Banks Move to Boost Global Confidence,” Associated Press (September 18, 2008). 

3           Mark Felsenthal, “Bailout Bill Gives Fed New Tool to Boost Liquidity,” Reuters (October 2008). 
4           See Ellen Brown, “Dollar Deception: How Banks Secretly Create Money,” webofdebt.com/articles (July 3, 2008). 
5          FAQs: Federal Reserve System,” federalreserve.gov. 

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Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private (more...)
 

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Federal Reserve 101 by William John Cox on Wednesday, Oct 8, 2008 at 4:48:22 PM
Ellen Brown's New Book: "The Web of Debt" by David Benton on Wednesday, Oct 8, 2008 at 6:09:06 PM
What is More Important? by Paul Rye on Wednesday, Oct 8, 2008 at 6:26:21 PM
ADDENDUM: WHO OWNS THE BANKS THAT OWN THE FED? by Ellen Brown on Wednesday, Oct 8, 2008 at 10:22:12 PM
Money v. Credit by Tom Chechatka on Friday, Oct 10, 2008 at 10:56:28 PM
agree and disagree by Ellen Brown on Saturday, Oct 11, 2008 at 11:36:26 AM

 
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