Do you think the Federal Reserve has lived up to its mission statement?
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.
Today, the Federal Reserve’s duties fall into four general areas:
•conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
•supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
•maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
•providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system
the first one is the real kicker… lol
i don’t understand how people could NOT want to abolish it
read end the fed by ron paul
read end the fed by ron paul
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Their mission is Lie Cheat Steal.Yeah they sure are living up to that!
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The Federal Reserve is really an international banking cartel that is owned by the following individuals and companies:
Rothschild Banks of London and Berlin
Lazard Brothers Bank of Paris
Israel Moses Sieff Banks of Italy
Warburg Bank of Hamburg, Germany and Amsterdam
Kuhn Loeb Bank of New York
Lehman Brothers Bank of New York
Goldman Sachs Bank of New York
Chase Manhattan Bank of New York (Controlled By the Rockefeller Family)
How did our Congress loose control of our monetary system? Previous attempts had been made to push the Federal Reserve Act through Congress to no success. A group of bankers then funded and staffed Woodrow Wilson’s campaign for President in 1912 and in return Wilson committed to sign this act. In 1913 Senator Nelson Aldrich, maternal grandfather to the Rockefeller’s, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation. When elected, Wilson signed the Federal Reserve Act into law.
Here is a quote from Woodrow Wilson after he signed the Federal Reserve into existence. He knew he had done a terrible thing.
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit…..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."
"If the American people ever allow private banks to control the issue of their money…the banks and corporations that will grow up around them (the banks) will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered! ….I sincerely believe that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." – Thomas Jefferson
It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. — Henry Ford
References :
http://educate-yourself.org/cn/fedreservebankexplained19dec05.shtml
http://usgovinfo.about.com/library/weekly/aa081599.htm
http://www.afn.org/~govern/mcfadden_speech_1932.html
http://www.squidoo.com/abolishfederalreserve