Quote:
Originally Posted by Darkland
Do you even know the history of how it was created and by who? Or the events leading up to it that even made it possible or the manner in which it was passed through legislation?
After the financial panic and collapse in the early 1900's it was found that a NEW Central Banking needed implementing. A central banking bill known as The Federal Reserve Act was then created by a group of BANKERS not LAWMAKERS and swiftly passed through legislation with the aid of President Wilson because of the campaign support provided by these same bankers. It was passed during a holiday so it would face little opposition.
They are a private entity REGULATED by the Government. But with their fingers on the financial button of the nation, who really has the control?
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They aren't regulated by the government, they are controlled by the government. The private entities of the Fed simply execute the policies determined by the Board of Governors. The Board is appointed by the President and can be removed by him at any time. The private parts of the Fed have no power and make no money off the government.