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Not only America, but most countries that have central banks.
Absolutely the Federal Reserve has been just that. This organization has been stealing from the American people since 1913.
All of the fiat currency coming from the Federal Reserve via the U.S. Mint previously had the wording from Title 12 and Section 411 printed on the paper currency.
Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.
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