21. very true. and if you go to the Fed's official website, they will lie about that.
It is a group of 12 private banks. They let the govt. make some appointments and they report, occasionally to congress. They work hard to maintain the pretense that the Federal Reserve System is comprised of both public and private entities and that they operate not for profit. That is not the truth. In reality, they are privately owned. They control the government, not the other way around.
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