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For John Rockefeller to overcome the problem of his oil holdings being broken apart by the US government in 1911, he created another stratagem. He took his vast wealth and created 12 large holding banks we now know as the private Federal Reserve. The plot was to somehow sell his banks to the US Congress. He succeeded two years later in 1913. All federal taxes collected since 1913 go through the [...] “For John Rockefeller to overcome the problem of his oil holdings being broken apart by the US government in 1911, he created another stratagem even larger than the Union Tanker Car Company. He took his vast wealth and created 12 large holding banks we now know as the private Federal Reserve. The plot was to somehow sell his banks to the US Congress. He succeeded two years later in 1913. All [...] 1) China Should Raise Gold, Oil Holdings, Official Says “June 18 (Bloomberg) — China, owner of the world’s largest foreign currency reserves, should increase its holdings of precious metals and oil as part of a diversification strategy, a member of the National People’s Congress said.” ““China should adjust the asset structure of its foreign reserves and achieve the goals of making the investment safe, liquid, and preserving [...] |
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