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smasmaagain smasmaagain 51-55, M 3 Answers Nov 22, 2012 in EP

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There are 12 Federal Reserve Banks. They have an intermediate legal status, with some features of private corporations and some features of public federal agencies. In particular, profits belong to the federal government, but this interest is not proprietary.



Source: http://en.wikipedia.org/wiki/Federal_Reserve_Bank#Legal_status

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true, and a very gloomy picture indeed. So my question is who profits from our looming demise. I may know the answer and have difficulty facing it

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It is a private bank that clears/holds money for the federal government. It dispenses funds to other banks within a specified area.

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sounds like you have been doing your homework! Go get em.
Each dollar is a note of debt, you or I max out our cards 16 trillion, bad things happen lol

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I have very good knowledge of it. I don't get into the specifics of what people do with their money. I am wise with mine.

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