The Federal Reserve is not a Government Department. The Federal Reserve is the epitome of Central Banking.
Our "currency" is backed by nothing. The Federal Government allows our "currency" and economy to be based on debt and created from debt. Since the Federal Reserve Act of 1913 was enacted, the value of our dollar has plummeted over 90% over 99 years. Now the reserve plans to devalue it even more. Either the gold/silver standard or some type of regulated free banking system should be its replacement.
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