Not Sure of Federal Reserve's Role? Here's a Primer

Let’s look at the Federal Reserve. What is it? The Federal Reserve is a private central bank overseen by the congress. However, the Federal Reserve conducts it’s business in private, and congress has a token roll as overseer of the Fed’s business.

The Federal Reserve hand picks it representatives and gives it to the president to appoint its leader, again a token act. Basically, the congress has no power over the Federal Reserve; rather it is the other way around. The Federal Reserve Bank serves no one but it’s own interests and profits.

The Federal Reserve Act was made into law after a secret meeting on Jekyll Island.  Woodrow Wilson signed the act into law in 1913. Later on before Woodrow Wilson died he stated, “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit.

"Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

What the Federal Reserve Act did was take the United States Government’s power over it’s own currency, and handed it over to a private for profit bank. No longer would the U.S Treasury print and over see it’s own money, the Federal Reserve would have that power. The Federal Reserve prints money and lends it at interest back to the government, and smaller banks! The Federal Reserve prints money it does not have, and thus causes inflation that depresses the economic spending power of the people.

It’s like magic, they print money from thin air and make the American people pay in inflation, taxes, a dying dollar, and a lower quality of life. The Federal Reserve is no more Federal than Federal Express. The Federal Reserve holds all our gold in Fort Knox, but we do not know if our gold is still there? There has never been an audit of the Fed. Ron Paul recently pushed a bill through the house of representatives to audit the fed, but the bill awaits the senate for approval.

We as Americans must demand the repeal of the Federal Reserve Act to restore our financial integrity. The recent economic down turn is a product of bad banking. Instead of bailouts we need to put these bankers on trial for treason! These are dire times… the Federal Reserve has just issued a decree that they will print more money to buy loans, and US bonds, to stimulate the economy. Print more Money? They do not have money to print. There is no gold standard to back the printing of money.

There is nothing to back the printing of more money, but more debt and interest. This will cause the dollar to crash! Who will pay the ultimate price? We the people will. It’s time we stop the madness. For the sake of our children, we must get rid of the Federal Reserve and restore the United States Treasury’s power to oversee and print our money. “I believe that banking institutions are more dangerous to our liberties than standing armies." Thomas Jefferson

Sources:

Audit The Fed

Woodrow Wilson Wiki

Federal Reserve Wiki