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Originally Posted by Esther
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Yep... privately owned. No more federal than federal express... and yet they can dilute our money and devalue the money in your pocket with no oversight whatsoever.
They can steal from you without ever taking a dollar from you by devaluing what you already have. And, again, they are privately owned... these are individuals printing money and adding money to their books out of thin air and loaning it at face value.
Forget the interest... it comes from nowhere and they loan it out at face value.