Where does 'The Fed" ( the Federal Reserve Bank), get its power from?
The Fed get it's powers from the Federal Reserve Act of 1913 that spells out the policy and operation of the Fed. The President appoints the Governors of the Fed and it operates mostly independently with powers given to it by the Congress. The over sight of the Federal Reserve lies with the Congress. The Fed operates, essentially, as a ''fourth" branch of the Government that is suppose to be immune from political interference. The politicians, for the most part, follow this "arms length" policy when it comes to the Federal Reserve.
by tonybeck6 years ago
Why is the Federal Reserve allowed pretend to be part of our government? It's a private bank!The world bankers have used the Federal Reserve to facilitate the downfall of the U.S. I like the analogy that...
by Wesman Todd Shaw6 years ago
It's all so simple, really, and a wicked man stated long, long ago that it never mattered who a king was - so long as he controlled the currency - he was lord and master.http://auditthefedphonebomb.com/bailout …...
by backporchstories5 years ago
With the record sweeping heat spreading thoughout the US and drying the land at a fast pace, do you feel confident in your water supply? Some cities are on the verge of rationing water consumption, that have never...
by Eric L. Andrews5 years ago
I don't know and given it controls our economy and banking system I would welcome some insight.
by GA Anderson3 years ago
Here is what the Federal Reserve describes as its charter:" The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was...
by Evan G Rogers6 years ago
I've been told numerous times that "creating money out of thin air" is a good thing. And when I argued against it, the "conscience of the liberal" told me I was ignorant.Then, when I pointed out that...
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