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The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States but is a PRIVATE organization owned by banksters. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a series of financial panics or bank runs, and partly because it is easier to control the worlds money privately. The Federal Reserve can print as much money however and whenever they damn well please, and they do not have to be accountable to Congress or the American people. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved into totalitarian methods of global domination, including hiding over a trillion dollars from the American people in the disguise of bank bailouts. http://en.wikipedia.org/wiki/Federal_Reserve_System

Monetary policy is the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.[1] Monetary theory provides insight into how to craft optimal monetary policy. http://en.wikipedia.org/wiki/Monetary_policy

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