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Questions and Answers

While lecturing in many countries, and appearing on radio and 

television programs as a guest, the author is frequently asked questions 

about the Federal Reserve System. The most frequently asked 

questions and the answers are as follows:

Q: What is the Federal Reserve System?

A: The Federal Reserve System is not Federal; it has no reserves; and it is 

not a system, but rather, a criminal syndicate. It is the product of 

criminal syndicalist activity of an international consortium of dynastic 

families comprising what the author terms "The World Order" (see "THE 

WORLD ORDER" and "THE CURSE OF CANAAN", both by Eustace 

Mullins). The Federal Reserve system is a central bank operating in the 

United States. Although the student will  find  no  such  definition  of  a 

central bank in the textbooks of any university, the author has defined 

a  central  bank  as  follows:  It  is  the dominant financial power of the 

country which harbors it. It is entirely private-owned, although it seeks 

to give the appearance of a governmental institution. It has the right 

to print and issue money, the traditional prerogative of monarchs. It is 

set up to provide financing for wars. It functions as a money monopoly 

having total power over all the money and credit of the people.

Q: When Congress passed the Federal Reserve Act on December 23, 

1913, did the Congressmen know that they were creating a central 

bank?

A: The members of the 63rd Congress had no knowledge of a central 

bank or of its monopolistic operations. Many of those who voted for