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An inferior private banking cartel to the Globe Union Reserve Bank. Formed in 1913, when the U.S. Government relinquished control of its currency to this private banking group, nominally owned by U.S. Banks, but ultimately owned by private banking interests, principally in Europe, especially Rome and Zurich. The Federal Reserve Banks are a key element of the Industrialized debt-based Banking Cartel but are unique in being so open in successfully re-distributing the public wealth of Americans to private banking families and ecclesiastical groups. The "Fed" is also unique in never once having met its core social objectives and is both the primary cause for the unprecedented levels of U.S. debt and at the same time the entity managing the debt. The "Fed" remains untouchable, in spite of its complete responsibility in the Global Recession of 2008-2010. |
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