—The Federal Reserve Bank is the actual ruler of the United States.0

That’s what Prime Minister Felus told Young-Joon over the phone. 0

—The United States is the symbol of capitalism, and it’s the heart of finance. The Federal Reserve is the one that prints the dollar.0

The dollar is a key currency, meaning that the dollar was the basis for payments and financial transactions between countries. This was possible because the U.S. had the largest gold reserves in the world, overwhelmingly developed and sophisticated financial markets, and very stable credit and prices. The power to print money was truly the royal seal of the capitalist era, capable of dictating markets.0

But what most people, including Americans, didn’t realize is that the U.S. government doesn’t have the power to print money. The U.S. government doesn’t own a single share of stock in the Federal Reserve—it was one hundred percent a private bank. 2

And the majority of that private ownership was held by the big Wall Street banks, which were effectively controlled by the Lofair family. In other words, when the U.S. government needed...0