Reply #61: The Federal Reserve is a private bank it is not part of the US Government

[loftycity]

Private banks and investors control the Fed. They control the flow of money and what it is going to cost the American people. The government has no control over the Fed.

All of our problems stem from this.

http://www.themoneymasters.com/presiden.htm

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson
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