What if everything we thought about the pecking order was wrong?

What if... everything we thought about the pecking order between Federal Govt, US Treasury, and Federal Reserve were... wrong?

What I have been afraid to blog about: The ESF and Its History_Part 1

I don't know if I can believe it, but this guy has a good argument and facts... thoughts?? Is the Federal Reserve actually subservient to a small portion of the US Treasury?? Any facts to rebut his argument? The Fed Reserve buying 70% of US Treasuries that nobody else wants lends credence towards the theory... :(