Permits banks to use client deposits to generate returns in the form of interest rates on loans. Banks are legally allowed to increase money supply and profit from loaning money that is created out of thin air.
Banking corporations are the only commercial entities that are allowed to gamble, destabilize the US economy, and have their shareholders' investments secured and backed by the US Federal Government.
The US officially transferred to a fiat currency under Richard Nixon in 1971. All US currency and Federal Reserve Notes are debt backed by the labor of the American People.
Banking or financial institutions authorized by the Federal Reserve System to deal directly in US government bonds.
Nation-States have migrated the majority of their hostilities to persistent information, cyber, and economic warfare.