Bankers invented the FED and the IRS in 1910 and launched both 1913. (EN)

Bankers invented the FED and the IRS in 1910 and launched both 1913. (EN)

The FED is a private bank that loans the money to the US government. So the government then has to repay this loan plus interest back to the bank. To do so they use money from taxes, one of which is the income tax.

A growing number of voices is calling for the FED to be replaced by a real government federal bank and the income tax to be abolished. If this happens in the US, it will have a domino effect on all private central banks and income taxes in other countries, starting in the EU(rsula).

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