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To: jd777
Looks like their language is as imprecise as ours. Hamilton called the Bank of the United States a National Bank and so did the Congress.

But I maintain that with the Fed we have government control of the Bank if not actual ownership. What does ownership give the owners if not control or profits?
176 posted on 04/17/2003 1:06:33 PM PDT by justshutupandtakeit (RATS will use any means to denigrate George Bush's Victory.)
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To: justshutupandtakeit
Every time the treasury has needed money, it asks the federal reserve to print more notes. The federal reserve asks the bureau of engraving to print up federal reserve notes and the fed picks up the tab( about $10,000 for evey million dollars). The fed then delivers those notes to the treaury, but before they give that money they ask for some collateral. The treaury then offers the fed $1,000,000.00 in Treasury bonds. The fed takes those bonds in exchange for the bills and the treaury gets million bucks to spend on whatever. But then the fed sells those bonds on the open market. The fed profits $990,000 on every million dollars printed and they don't share it with anybody. So far they have run this operation to the tune of 6.4 trillion dollars. They have completed the greatest heist every known to mankind. And when you've got that kind of money and power you can afford to make sure everyone has a hazy understanding of what is going on.

This is not a joke. This is what has actually occured. Get the picture...

178 posted on 04/17/2003 2:35:55 PM PDT by jd777
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