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Just within 20 years of existence (1913-1933), Fed managed to cause the bankruptcy of U.S.
Lending money at interest, Fed is gradually draining currency from the economy. This is supplemented by additional government borrowings from the Fed, thus exponentially growing the public debt. BTW this mechanism was mentioned in my previous, already deleted posting.
As a consequence and also the purpose, one day the banks will own everything. Including you as the slave.