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By the way the US Fed is not a statutory institution. Its a group of private banks given authority by Woodrow Wilson back in 1922. From that point on America's future wealth was in the hands of the few..

You got it in one BC This is what Congressman Ron Paul has been railing against for the better part of two decades

From Money Morning US Debt Increases By 50% Speaking of government bail outs (which we weren't, but anyway) the long anticipated move by the US government to fully finance and support Fannie Mae and Freddie Mac appears to have finally come to pass this morning. The US government has in...