JD Seller and others. Since 1913 The FEDERAL RESERVE determines Monetary Policy. The government can advise to a point. The Federal Reserve is owned by the banking system and answers to no one. It is PRIVATELY OWNED and not government. The Teasure Secretary is pretty much controlled by the Fed. When you deposit a dollar in the bank it becomes a promissary note. If things get tough the bank does not have to give it back to you The Big Banks CAN NOT fail because 5 or 6 banks own a large portion of our debt, business loans, money in circulation, etc. It really is not a pretty picture. Some key dates are the creation of the Federal Reserve, FDR devaluating gold, and the President Nixon taking us off the gold standard and LBJ Guns and butter policy was the beginning of what we have today. If you read on FED POLICY and Guys like David Stockman and other former government and Fed officials you will be told Dollar will fail. When it hits the wall nobody knows. If anybody has questions, I can remember monetary policy and significant events back to the mid 1950s
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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