The Money Masters

Has anyone seen this documentary? It claims that the fed is a private, for profit corporation whose shareholders are secret. They manipulate the money supply for their private gain. They, along with a league of international bankers, control about 90% of the world's wealth.
This is a segment of the video on youtube:

The entire 3.5 hour documentary is on google:
http://video.google.com/videoplay?docid=-51531956…
Their theory might not be legitimate, but they claim to have the most detailed account of the history of money, which might be of interest.

JPM is buying bearn stearns for $2/share, and it turns out that jpm is a big shareholder of the federal reserve.

What do you guys think? Is this bs? or does it contain some element of truth?

 

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