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Federal Reserve Headquarters Flickr
"There is nothing federal about the Federal Reserve and there are no reserves - the name is a deception created back before The Federal Reserve Act was passed in 1913 to make Americans think that America's central bank operates in the public interest. The truth is that the Federal Reserve is a private bank owned by private stock holders and run purely for their private profit" - [ starts at 2:09 minutes ]..having monopoly power to print money, regulate the economy by setting interest rates, and making loans to the Federal Government at interest.
