Foreign? You said that rich republicans owned the fed.
ARe you under the impression that:
1. Rothchild banks of London and Berlin.
2. Lazard Brothers Banks of Paris.
3. Israel Moses Seif Banks of Italy.
4. Warburg Bank of Hamburg and Amsterdam.
5. Lehman Brothers Bank of New York.
6. Kuhn, Loeb bank of New York.
7. Chase Manhattan Bank of New York, which controls all of the other 11 Federal Rwerve Banks.
8. Goldman, Sachs Bank of New York.
Are NOT rich republicans? (note the lower case R ?)
The Establishment of the privately owned bank, the FED, and our having granted it control over the currency of the USA, instead of having the government itself taking control of that task, was the formal reestablishment of the European system of classism in the USA.
The argument for giving that power to a group of privately onwed banks, rather than giving it to the government itself is evidence of the republicanism dominating the democratic government.
That argument states that any democratic government which controls the currency will inevitably print too much money in order to fund social services that the people's reresentatives will give them in order to stay in power.
Of course, it never occurs to the republican mind that individuals, who are granted that power are apt to print too much money for their own personal benefit, does it?
We have a privately owned FED for EXACTLY the same reason that we have the Electoral college, fans.
Because the master class is scared to death of a democracy.
First because democracies do not create and encourage classism, and secondly because republicans (note the small r again, please) do not believe that the PEOPLE are capable of ruling themselves.