Hi Colin,
Thanks for the link. I watched it all the way through. I've seen similarly-titled videos in the past but thought I would watch it all the way through to make sure of its content. Having done so, I have to say that, having once subscribed to the 'federal reserve is a private bank' narrative, I no longer do. In case you're interested, here is why....
To put it succinctly, there are only two ways of voting market winners into position.... voting with one's feet, or voting with the gun(otherwise known as the ballot-box).
To elaborate:
The debunking of what I refer to as 'The Monopoly Fallacy', is what did it for me. The fallacy is that any private entity can exploit consumers indefinitely, and it is the real justification for government intervention. The fallacy busting goes like this: No coercive monopoly is possible without the State's involvement.... none. There has never been a coercive monopoly that survived without State assistance. So a truly private entity has no coercive power to exploit.
If you just think it through, for a minute you'll hopefully see what I saw (It's the missing piece). Those behind the Federal Reserve have zero power to exploit... except by the consumer running to big brother for protection i.e. running into the arms of the State. Remember every Fed chairman is appointed by the State. The fed res act was passed into law.... that means it has special powers and is thus ipso facto not private.
Any consent given to the State to represent the consumer's interests is misguided and is instantly turned into special interests' empowerment to bypass what they really fear.... consumers voting by foot. This is how the worst among us, in the West, have risen to market domination. It is the only way it has ever been accomplished and it is the only way it can continue. It's cynical because they have hood-winked the unsuspecting into resorting to threats of violence when it comes to quality control, which of course is not a legitimate use of force.
RE: Exposing the Federal Reserve!