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Comment by Julio Rodriguez on April 19, 2012 at 8:43pm

For a long time i looked at the Federal Reserve and what they did.  Essentially it is there to help the help certain insider banks profit at the expense of the general public.  Federal Reserve policy causes small local banks and certain businesses to go bankrupt, then the larger banks sweep them to monopolize the nations money reserve.  When you look at the profit making scheme, it is not in the Federal Reserve, it is in the private banks.  The Federal Reserve just helps them.  The Federal Reserve makes the legal labyrinth that protects the private banks from being accused of creating money out of thin air.  So to revamp the system you not only need to get rid of the FEDERAL RESERVE you also need to get rid of FRACTIONAL RESERVE BANKING.  All loans need to have independent consideration.  We cannot make the same mistake that Andrew Jackson made.  get rid the central bank but also make fractional reserve banking illegal.  only 100% banking allowed.  Allowing private entities to inflate the currency is really counterfeiting.

Comment by suzie on April 19, 2012 at 6:40pm

one creates it out of thin air and charges you for it and calls it a tax.. the other loans it [the money created out of thin air] to you and charges you interest & it loans out 9x as much as it takes in and is literally dealing in a slight of hand magic trick.... both bad get rid of the FED and the rest will tumble..