Certainly the conclusion is open to debate. The facts however are that the Federal Reserve is owned, not by the "people" of the USA but by some number of presu

Certainly the conclusion is open to debate. The facts however are that the Federal Reserve is owned, not by the "people" of the USA but by some number of presumably unknown owners. The other fact is that unlike other money systems, the USA does use a system where every Federal Reserve Note created has debt attached to it - that is why the word "note" is on the front of it - a note is a promise to pay, not the payment itself. Under the Constitution, only gold and silver stamped into a standardized form, is "money". That is why the FRN is declared by the government to be "legal tender" - only force, enforces its continued acceptance by people inside the US.