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The Federal Reserve is the central bank of the United States. Like most central banks, it provides emergency liquidity to alleviate capitalist crises. Like all central banks, it is privately owned. In particular, the Rockefellers and Morgans were instrumental in its creation, and as of 2018 Citibank (Rockefeller) and JP Morgan Chase (Morgan) are the two major shareholders in the New York Fed, together owning more than 70% of shares.<ref name=":0">[https://www.institutionalinvestor.com/article/2bsx0wq4jdzo82fk8nhfk/culture/conspiracy-theorists-ask-who-owns-the-new-york-fed-heres-the-answer#:~:text=The%20big%20reveal%20for%20year,29.5%20percent%20of%20the%20total. https://www.institutionalinvestor.com/article/2bsx0wq4jdzo82fk8nhfk/culture/conspiracy-theorists-ask-who-owns-the-new-york-fed-heres-the-answer#:~:text=The%20big%20reveal%20for%20year,29.5%20percent%20of%20the%20total.]</ref> | The Federal Reserve is the central bank of the United States. Like most central banks, it provides emergency liquidity to alleviate capitalist crises. Like all central banks, it is privately owned. In particular, the '''Rockefellers''' and '''Morgans''' were instrumental in its creation, and as of 2018 Citibank (Rockefeller) and JP Morgan Chase (Morgan) are the two major shareholders in the New York Fed, together owning more than 70% of shares.<ref name=":0">[https://www.institutionalinvestor.com/article/2bsx0wq4jdzo82fk8nhfk/culture/conspiracy-theorists-ask-who-owns-the-new-york-fed-heres-the-answer#:~:text=The%20big%20reveal%20for%20year,29.5%20percent%20of%20the%20total. https://www.institutionalinvestor.com/article/2bsx0wq4jdzo82fk8nhfk/culture/conspiracy-theorists-ask-who-owns-the-new-york-fed-heres-the-answer#:~:text=The%20big%20reveal%20for%20year,29.5%20percent%20of%20the%20total.]</ref> | ||
== Prehistory and History == | == Prehistory and History == | ||