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elSicomoro · 10-10-2001, 10:29 PM

*shrugs* Everything's a conspiracy these days...

I found something on the ecclesia.org link that is wrong though: The IRS is part of the Department of the Treasury, and is part of the government (as opposed to what was said on that link).

From what I understand of the Fed, it is a bit like the US Postal Service--kinda part of the government, but not really. The Fed helps banks run more smoothly (as many bank transactions run through one of the 12 Federal Reserve Banks), and is essentially the bank for banks. IMO, the Fed also keeps the government from completely running the economy, therefore preserving capitalism.

Love it or hate it, it's capitalism baby!

And Greenspan has obviously done enough of a good job that he's been the Chairman for 10,000 years.

10-10-2001, 10:29 PM	#2
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	shrugs Everything's a conspiracy these days... I found something on the ecclesia.org link that is wrong though: The IRS is part of the Department of the Treasury, and is part of the government (as opposed to what was said on that link). From what I understand of the Fed, it is a bit like the US Postal Service--kinda part of the government, but not really. The Fed helps banks run more smoothly (as many bank transactions run through one of the 12 Federal Reserve Banks), and is essentially the bank for banks. IMO, the Fed also keeps the government from completely running the economy, therefore preserving capitalism. Love it or hate it, it's capitalism baby! And Greenspan has obviously done enough of a good job that he's been the Chairman for 10,000 years.