Chicago Indymedia :
Chicago Indymedia

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The Independent Treasury Act of 1920

"Then in the year 1921, by the Act of 1920, the Congress abolished the United States Independent Treasury and turned all money and banking over to this private concern as Fiscal agents only. for the government. The Act was worded in such a way that no government representative could sit on the board after (fie first term. Now in the Federal Reserve Act of 1916 the Feds created the International Monetary Fund. Well, it really wasn't called that at the time but it evolved into its present day status."



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