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The current Federal Reserve banking system is modeled after the European central banking system Americans revolted against during their War of Independence.
Every dollar created under the present monetary system does not represent a tangible asset. It represents an I.O.U. from the government, and therefore the people, to the central bank. After three failed attempts, central bankers finally gained control the monopoly on the issuance of American money with the creation of the Federal Reserve in 1913.
There are two unavoidable results of the Federal Reserve System: (1) devaluation of the dollar and (2) accumulation of debt.
Since the establishment of the Federal Reserve, the U.S. dollar has lost over 95% of its purchasing power.