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The FED was started by bankers like JP Morgan to protect the wealth of only the richest bank investors (old money). The FED will take every dime from the average person to do this. You see the effects of how jobs become 20hrs week, and pay climbs for the ceo only. Half the world can't pay daily bills. Next is employees fired for robots in White Collar jobs. Believe it![1]Yes. The Federal Reserve we currently have is not Federal and has no reserves. It is a bunch of banks that lend fiat money to the government, which in turn uses the taxpayers as collateral.No. I understand your frustration, but someone has to control the money supply... To your credit, it could be said that they are not controlling the money supply when all they do is turn on the faucet more... Absolutely! It just prints money which government gives in bailouts to corrupt banks and rich businesses, and in bonuses to their incompetent managers.
Should the federal reserve be abolished?