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Strategies & Market Trends : Australian Shares and ADRs

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To: Tom who wrote (74)	8/2/1998 8:38:00 PM
From: Moominoid	Read Replies (1) of 96

Gentlemen: Begging your pardon, the U.S. Federal Reserve Bank is not a bank, nor is it a constituted agent of the U.S. government. It is a banking cartel. And a cartel in every sense of the word. The name of the organisation is an intentional misnomer, a contrivance. The Bank of England was also once a private organization. Once all banks there could issue their own banknotes and the Scottish Banks still do. But today it is effectively a government agency. This is in return for it's monopoly on the ability to create money. I'll look into these issues now you've raised them. David

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