The Federal Reserve System is a strange creature it's easier to say what it is not than what it is. Most people think it's a government agency. It is not. Those who have studied it say it is a private banking corporation, but it's not really a private corporation either. It's a hybrid and to make it more complicated we can say it is a banking cartel, no different than a banana cartel, or an oil cartel or, the sugar cartel. It just happens to be a banking cartel. It's a group of very large and powerful private banking interests who have gotten together in a cartel arrangement and they brought the federal government into it as a partner in order to use the force of law to enforce the the cartel agreement.



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