* Not federal.
* Not a bank.
* Has no reserves.
* Is a private institute controlled by insiders.
Read this book about how it was started in 1913.
The Creature from Jekyll Island: A Second Look at the Federal Reserve
"Where does money come from? Where does it go? Who makes it? The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait! You'll be hooked in five minutes. Reads like a detective story - which it really is. But it's all true. This book is about the most blatant scam of all history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island is a "must read." Your world view will definitely change. You'll never trust a politician again - or a banker."
It explains perfectly why our government never wants to get out of debt. I cannot believe I did not realize this was a private organization until this year!
Must reading.