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The Federal Reserve Shows Barack Obama Who The Real Boss Is

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President Barack Obama and Federal Reserve Chairman Ben Bernanke. In the United States the Fed Chairman is 'the real boss' of our financial system.
(image by White House)
Under no circumstances will the Fed ever accept a threat to their monopoly over money creation in the United States. If the Federal Reserve had allowed Obama to print up a debt-free trillion dollar coin, that would have set a very dangerous precedent for the Fed. The American people would have realized that the federal government can actually create debt-free money whenever it wants and that it does not actually have to borrow money from anyone. That is something that the Fed probably would have moved heaven and earth to keep from happening, but now we won't ever know how far the Fed would really be willing to go to keep their monopoly over money creation, because Obama has no plans to challenge this latest ruling from 'the real boss' of our financial system.

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