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Central Bank and Federal Reserve System are not one in the same. Our current system was "created" in 1913 in response to JP Morgan's role in stabilizing the recent Financial Panics. It was felt Morgan and "his people" were becoming to powerful. During Lincoln's time three Banking acts were passed, the most important one was the 1863 Act. too long to discuss, but it was the "blue print" of the eventual 1913 Act. If anyone is interested, very important readings.
Regards,
Copperhead Banker
----- Original Message -----
From: Southern History and Topics <[email protected]>
Date: Tuesday, July 26, 2005 8:10 am
Subject: Re: Trivia Mistakes
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