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Printing Money for Their Own Gain. News that the Federal Reserve Bank turned an $82 billion profit by investing money it prints – and then claiming pure profit on such investments – made Wall Street giddy. To be accurate, the Fed doesn't physically print the money. The Federal Reserve Act of 1913 authorizes the Fed to direct the Treasury to print the money...Meanwhile, millions of well-intended homeowners are carrying under- water mortgages and can't print their way out of the problem. Full post at: http://rightsradio.com/fed-prints-profits-homeowner-mortgages-under-water/
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