Know Your Enemy:
How the Rothschild’s and Centralized Banking (ie, The ‘Fed’) Works
A Centralized reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.
Fiat currency is without intrinsic value established as money by government regulation. … The term derives from the Latin fiat ("let it be done") used in the sense of an order or decree. It was introduced as an alternative to commodity money.
Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.[1] Reserves are held as currency in the bank, or as balances in the bank's accounts at the central bank. Fractional-reserve banking is the current form of banking practiced in most countries worldwide.[2]
Federal Reserve Bank
The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public?
The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans. Member banks also appoint six of the nine members of each Bank's board of directors.
Sauce: https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks
My take: US left the gold standard in 1971 — Kissenger
Made a deal with House of Saud that all sell of oil would be in us dollars; thus, granting US $ legitimacy if not actual intrinsic value such as gold provided. The Fed, an Rothschild offshoot of the Bank of England adopted by W Wilson at the behest of jp morgan (chase) and Rockefeller: both Roth cutouts began as, and still is, an independent Bank— the fed is as Federal as kfc chicken is fried in Kentucky; they will tell you that if you lookthe Roth fed now prints paper money with no intrinsic value other than SA agreement to trade oil only in US Dollars (which may b changing) > banks accept transactions , as when you make a deposit with ‘your’ money, but they, the banks, are not required to keep the money on premises— only a fraction of your deposit— a fraction they are not required to disclose > the remainder of your money leaves the premises and is used to give loans to other ppl while you still own it without your knowledge; thus, further double-dipping as it were into the value of said paper wotrhless dollar; ie, your deposit money is both in the bank covering you while also an unknown fraction is paying another bank for McCabe’s loan on a new Fiat. Fake money gratuitously printed by a Fake ‘Fed’ issued in form of salaries and loans then taken out of ur account to fund other salaries and loans without your knowledge. Fake money double- dip FMDD.