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THE FED NOW OWNS THE WORLD'S LARGEST INSURANCE COMPANY -- BUT WHO OWNS THE FED?
By Ellen Brown (about the author) Page 3 of 3 page(s)
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. _____ 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). 
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by United States
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Number of pages: 193
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Publisher: For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office
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Publisher: For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office
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