Why, do you think the US government created Federal Express?
Where is the link? Look it up yourself.
I Googled, "odawg JFK fed fantasy", no luck.
Oh. My. GAWD!
Federal Express is a world wide company with trucks and planes that delivers packages and shipments.
The Federal Reserve Banks and System and its member banks is a system for creating money out of thin air and then lending it into existence, created by a non-quorum Congress made up mostly of Democrats (who decided NOT to make a quorum call to avoid notifying the Congressmen opposed to the measure) late in the night on December 23, 1913. It was signed into law as soon as it was passed by President Woodrow Wilson.
Made up entirely of privately owned banks, with publicly traded stock, the FED, is controlled by a nine member Board of Governors, SIX of which are selected by the member banks, and only THREE are selected by the President of the United States. Monetary policy of the US is set not by the government of the US, but by unelected BANKERS for their profit purposes. THEY create the money.
All currency in circulation is a NOTE, a loan, from the Federal Reserve Bank. . . made at a discount from the FED. As such a "discounted loan," it can NEVER BE COMPLETELY PAID BACK, because it was loaned into existence at a discount, as there can never be enough money in circulation to retire the loan at face value! Why? Because any money to pay back previously loaned money, ALSO has to be borrowed at a discount. It's Zeno's paradox writ large: the faster you chase the payoff, the more behind you will be.
I won’t to apologize to everyone on this thread for engaging an idiot.