The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: Wayners who wrote (7488)	2/24/2009 2:40:59 PM
From: DuckTapeSunroof	Read Replies (2) of 103300

Re: " So why do we rely on the privately owned Federal Reserve to print our currency in exchange for Govt bonds that pay interest to the Federal Reserve?" Answer --- because (alt5hough I realize that the Fed is chartered as a 'private' national bank...) it ain't really 'private' any longer... if it ever was. It is a functioning ARM of the GOVERNMENT now. a federal national bank in every sense of the term, carrying out 'government policy'... but consistent to it's OWN aims as an independent agency (nominally sheltered within the Executive), and by it's chartered powers... not as a 'controlled' arm of either the Executive or the Legislative, or the Judicial branches.

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