Nut Cracker wrote:
except for one thing; he's telling the TRUTH!!!
You're cracked too. I suggest that you study harder. Perhaps you
can get a real job and not be such an idiot.

Hint1: The national debt is held by the Tresury in "T-bills" sold
to private citizens and foreign countries, not the Fed Reserve.

Hint2: The Fed Reserve is *NOT* private, any more than the USPS
is.

Sheesh you kids are stupid! Gop back to MTV, the Internet is
beyond you.

The FEDERAL RESERVE is no more FEDERAL than FEDERAL EXPRESS

You stupid ****ing tinfoil-hat-wearing
conspiracy-believing ****bag. The Federal Reserve
System is a creation of the federal government.

The Board of Governors of the Federal Reserve System
is an independent government agency. The Board is
subject to laws like the Freedom of Information Act
and the Privacy Act which cover Federal agencies and
not private entities. Like most other independent
agencies, its decisions do not have to be ratified
by the President or anyone else in the executive or
legislative branches of government. The Board of
Governors does not receive funding from Congress,
and the terms of the members of the Board span
multiple presidential and congressional terms. Once
a member of the Board of Governors is appointed by
the president, he or she is relatively independent
(although the law provides for the possibility of
removal by the President "for cause" under 12 U.S.C.
§ 242).


http://en.wikipedia.org/wiki/United_...ederal_Reserve


Thus, we see that the Federal Reserve System is, of
course, a quasi-governmental agency that exists at the
*federal*, not state or lower, level of government, and
it indeed is correct to use the word "federal" in
talking about it.

You, of course, are a wild-eyed fanatic and ****bag.