Quote:
Originally Posted by sltr
please do more research prior to posting re: things you are not familiar with.
i'll point you in the right directions-
1. the federal reserve is not "a bunch of private banks"
2. the fed loans money to BANKS, not "us", the interest from those loans goes back to the fed- AS profit for the government, we don't pay interest on those loans via the federal income tax.
3. there's more but i'd be surprised if you even check into those 2, so i will stop there.
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YES< it is a bunch of private banks...
"
Court Rules Federal Reserve is Privately Owned
Case Reveals Fed's Status as a Private Institution
Below are excerpts from a court case proving the Federal Reserve system's status. As you will see, the court ruled that the Federal Reserve Banks are "independent, privately owned and locally controlled corporations", and there is not sufficient "federal government control over 'detailed physical performance' and 'day to day operation'" of the Federal Reserve Bank for it to be considered a federal agency:
Lewis v. United States, 680 F.2d 1239 (1982)
John L. Lewis, Plaintiff/Appellant,
v.
United States of America, Defendant/Appellee. "
http://www.globalresearch.ca/index.p...xt=va&aid=8518