Friday, October 28, 2011

How the FED affect you?

The Federal Reserve — our Central Bank — is one of the country's most powerful economic institutions. The Federal Reserve is relevant for Congress not only because the Constitution gives monetary powers to Congress but also because Congress created the Fed and, therefore, has critically important responsibilities for Federal Reserve oversight.The Federal Reserve System (the Fed) was created by Congress in 1913 to be the nation’s central bank. Most people are aware that there is a government body that acts as the guardian of the economy - an economic sentinel who implements policies designed to keep the country operating smoothly. Unfortunately, most investors do not understand how or why the government involves itself in the economy.More Here...

1 comment:

  1. "Every effort has been made by the Fed to conceal its powers - but the truth is the Fed has usurped the Government. It controls everything here and it controls all of our foreign relations. It makes and breaks governments at will...."The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by international bankers." – Congressman Louis T. McFadden (1933), Chairman of the Banking and Currency Committee for more than 10 years


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