The Federal Reserve is a very powerful institution affecting the economy of the country (and unofficially affecting governmental policy, laws, alliances, and activities), including the setting of interest rates, the lending of money to the US Gov't, and the issuing of money. The Federal Reserve is a Privately owned institution and not operated nor controlled by the US Gov't. The US Government operates with funds borrowed from the Federal Reserve, at interest. It is controlled by very wealthy and powerful bankers. In June 1963 JFK issued an executive order (11110) that ended the Federal Reserve's relationship with the US Gov't. The US Treasury would take over these functions.* Before the Executive Order took effect Kennedy was assassinated. The Executive Order was never implemented.
*several presidents before Kennedy recommended divorcing the Federal Reserve.
*several presidents before Kennedy recommended divorcing the Federal Reserve.
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