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Here is a little information on the federal reserve. This comes straight from the federal reserve, off of their website. They explain who is in charge of the reserve and how it is governed

Many people don't realize it, but the United States government does not control the United States currency. The Federal Reserve is a private business. The crazy part is that the way our monetary system works is the same way the English banking system worked back in the day. In fact, that was one of the reasons for the Revolution in the first place