The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public?
The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.
So, you as person get the worst of both worlds.. When the board fucks up, you get fucked, When the private corp makes money, you get fucked..
Wait until you find out about IRS
The_Creature_from_Jekyll_Island
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