Most Americans Still Don’t Know that Federal Reserve Banks Are Private Corporations
from Washington’s Blog:
The country’s most powerful “agency” – the Federal Reserve – is actually no more federal than Federal Express.
The U.S. Supreme Court ruled in 1928:
Instrumentalities like the national banks or the federal reserve banks, in which there are private interests, are not departments of the government. They are private corporations in which the government has an interest.
The long-time Chairman of the House Banking and Currency Committee (Charles McFadden) said on June 10, 1932:
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