Originally Posted by Skinny Fatts ...and a dandy one it is, too.

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Federal Reserve Act of 1913, Congress unconstitutionally transferred control of the U.S. monetary system to a consortium of twelve private banks collectively known as the Federal Reserve System or “The Fed”. This system allows The Fed to print money This means that a group of private banks are authorized to create money out of nothing, and lend it to the government with interest that has to be repaid by the American people through the income tax.