The Federal Reserve is a Cartelization Device

I provided more than enough sources to show that what I am explaining is in fact, FACT. This is not a conspiracy theory. This is all documented history. But, it also seems that my wikipedia links are not showing up properly. No matter. I'll post them on here.The Federal Reserve is a partnership between the government and privately owned banks.The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors(or Federal Reserve Board), the Federal Open Market Committee(FOMC), twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous privately owned U.S. member banks and various advisory councils.[13][14][15]The FOMC is the committee responsible for setting monetary policy and consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time. The Federal Reserve System has both private and public components, and was designed to serve the interests of both the general public and private bankers.-Wikipediahttp://en.wikipedia.org...Nelson AldrichHe was a party to the re-structuring of the American financial system through the institution of the federal income tax amendment, which he originally opposed, and the Federal Reserve System....his daughter, Abby, married John D. Rockefeller, Jr., the only son of John D. Rockefeller. Her son and his grandson Nelson Aldrich Rockefeller, served as Vice President of the United States under Gerald Ford.-Wikipediahttp://en.wikipedia.org...Frank VanderlipIn November, 1910, he was a member of the Jekyll Island group, a group of bankers that are believed to have formulated the outline to a plan that influenced the drafting of the eventual Federal Reserve Act.-Wikipediahttp://en.wikipedia.org...Henry DavisonIn 1909 he became a senior partner at JP Morgan & Company, and in 1910 he was a participant in the secretive meeting on Jekyll Island, Georgia that may have led to the creation of the Federal Reserve and has generated much speculation over the years.-Wikipediahttp://en.wikipedia.org...Benjamin Strong, Abram Andrew, Charles D. Nortan, Paul Warburg (Look all on one page. Wow, how convenient)The public was adamantly opposed to the establishment of a central bank. Strong, who was Vice President of Banker’s Trust of New York, was JP Morgan's emissary to the secret Jekyll Island(Georgia) expedition in 1910—one of the selected members who stayed at the luxurious Jekyll Island Hunt Club retreat in November for a private ten-day conference. Also in attendance were Paul Warburg, a recent immigrant from a prominent German banking family who was a partner in the New York banking house of Kuhn, Loeb & Co.; Senator Nelson Aldrich(Nelson Rockefeller was named after Aldrich, his maternal grandfather);A. Piatt Andrew, Assistant Secretary of the Treasury and Special Assistant to the National Monetary Commission (the only other NMC member besides Aldrich); and other bankers including Frank A. Vanderlip, president of the National City Bank of New York;Henry P. Davison, senior partner of J.P. Morgan & Co.; and Charles D. Norton, president of the Morgan-dominated First National Bank of New York.-Wikipediahttp://en.wikipedia.org...Planning of the Federal Reserve SystemAt the end of November 1910, Senator Nelson W. Aldrich and Assistant Secretary of the U.S. Treasury Department ([Special Assistant of the National Monetary Commission)] A. Piatt Andrew, and 6 more of the country's leading financiers (Frank Vanderlip, president of the National City Bank of New York, Henry P. Davison, senior partner of J.P. Morgan Company, and generally regarded as Morgan’s personal emissary; and Charles D. Norton, president of the Morgan-dominated First National Bank of New York. Joining the group just before the train left the station were Benjamin Strong, also known as a lieutenant of J.P. Morgan; and Paul Warburg, a recent immigrant from Germany who had joined the banking house of Kuhn, Loeb) arrived at the Jekyll Island Club to discuss monetary policy and the banking system, an event that led to the creation of the current Federal Reserve. According to the Federal Reserve Bank of Atlanta, the 1910 Jekyll Island meeting resulted in draft legislation for the creation of a U.S. central bank. Parts of this draft (the Aldrich plan) were incorporated into the 1913 Federal Reserve Act. On November 5–6, 2010, Ben Bernanke stayed on Jekyll Island to commemorate the 100-year anniversary of this original meeting.[9] The Conference was the first official confirmation of the revelations made initially in 1949 by Ezra Pound to Eustace Mullins in his work Secrets of The Federal Reserve and later reported by G. Edward Griffin in his book The Creature from Jekyll Island.-Wikipediahttp://en.wikipedia.org...The Federal Reserve was not created by the government as you can see here. And you should also take a look at that quote I put on from Frank Vanderlip. It basically proves everything I'm saying.Rebuttals 1. U.S. government receives all profit - making 79 billion in 2010 2. Federal Employees3. Members of Board of Governors chosen by Senate4. Subject to Congressional oversightThe U.S. Government does not receive all profit. The banks receive a profit as well through reserves. They are able to funnel money into banks if needed. Also, my opponent does not understand the full concept of counterfeiting. Counterfeiters all have the benefit of having that money FIRST. From there, it ripples down into the economy creating an uneven redistribution of wealth. Please refer to my first paragraph because it proves it is a partnership.This is from my opponent's source "Rather than paying for funding, it simply creates the money that it needs at no cost." http://www.nytimes.com..."They also did not even come up with the idea as they were not a alive when the first or second Central Bank was created. To apply that they had a diabolical plan to control the world through the Federal Reserve is false. That is prove by the fact that there were central banks prior to the Federal Reserve."This is completely irrelevant! Why does it even matter that these individuals were not alive 100 years prior?(Although, their families were alive such as the Rothchilds Dynasty, the Warburgs, and the Rockefeller's. Although this is also irrelevant as well.)1. Banks do not have to join the Federal Reserve2. Federal Reserve banks(12) supervise many banks in district3. More banks now then before Federal Reserve4. 9459 Competitors(banks in US)First of all, it doesn't matter if all banks do not have to join the Federal Reserve. All that matters is that the major banks do join the Federal Reserve and they benefit from this because the FED has the ability to funnel money into them if needed. Other banks that are not members of the Federal Reserve do not benefit, and banks that are not members, are incredibly smaller, almost insignificant. Also, there are not as many banks as there were prior to the Federal Reserve. This is false. Prior to the Federal Reserve, there were over 3000 different currencies being used in the U.S. All of these currencies were different bank notes being issued by banks. I have proved all of my points with sources that were not backed by conspiracy theories, but more from sites that we use everyday. (Btw, Wikipedia is a pretty good source. Just because certain people can edit it, doesn't make it any less credible than any other encyclopedia. Who do you think writes the encyclopedia? People)These are not conspiracy theories. They are facts. Documented history. My opponent has done nothing to debunk them. I urge a Pro vote.