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Politics : Foreign Affairs Discussion Group

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To: maceng2 who wrote (42998)	9/10/2002 7:51:05 AM
From: Ilaine	Read Replies (1) of 281500

No part of it is owned by the Federal government, yet it is not an ordinary private corporation either. I see you hedged this statement by saying that this is a problem that people perceive. It is, however, complete and utter horse exhaust. The Federal Reserve Banks are privately owned. The Board of Governors of the Federal Reserve is a federal agency. The Board of Governors run the Federal Reserve system according to the broad mandates of Congress. I can't think of any government institution that generates more hogwash on the Internet than the fed. Coincidentally, yesterday Dennis O'Bell linked some posts I did a while back. Thanks, Dennis. Message 17971509 I would suggest that before you say things like " fiat money is the root of all evil," you actually study the history of the gold standard, and gold backed money. You may be very surprised at how much governments and bankers manipulated the money supply even when it was backed by gold.

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