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Also, the Fed is not private. Mcdonal is.
Did you watch the video in the OP ?
The bill is to allow the US government to work around the issues caused by a privately held company which they can't control to protect the US people.
In the video nobody says the Fed is private. Please read what I have wrote explaining how the Fed works. And then go and check original sources and check if Im telling the truth or not.
Why do reason and logic dont work on people?