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<a href="http://www.accessmylibrary.com/coms2/summary_0286-34435110_ITM" title="Facts and information about The money trust's next move: the looming financial crisis has set the stage for giving the Fed broad powers over not just banking but the entire financial sector.(ECONOMY)">The money trust's next move: the looming financial crisis has set the stage for giving the Fed broad powers over not just banking but the entire financial sector.(ECONOMY)</a>
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The money trust's next move: the looming financial crisis has set the stage for giving the Fed broad powers over not just banking but the entire financial sector.(ECONOMY)
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It is difficult to assign a starting point to the ongoing economic crisis that, according to popular wisdom, originated with risky mortgage lending. Since the creation of the Federal Reserve sys tem in 1913, market uncertainty, with the constant cycle of boom and bust spurred by modern banking practices, has been unrelenting. The Federal Reserve, America's central bank, has unlimited and unchecked power to create as much (or as little) money as it wants. Because this money is not backed by any fixed standard like gold or silver, the relative health of the financial markets and, by extension, the entire economy, for almost a hundred years, ...
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