You’ve heard it before…there something going on with the Federal Reserve Bank. For one thing they are not Federal. They are not a government agency. Second, they are not a Bank. In fact the Federal Reserve Bank is one of a very few institutions that don’t get an outside audit of it’s business. The following article and video will give some eye opening facts about the Federal Reserve and why some much secrecy surrounding this institution.
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.
Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved.
Events such as the Great Depression in the 1930s were major factors leading to changes in the system. The Federal Reserve Bank Conspiracy Explained – Century of Enslavement // Top Documentary Films The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates.
The first two objectives are sometimes referred to as the Federal Reserve’s dual mandate. Its duties have expanded over the years, and today, according to official Federal Reserve documentation, include conducting the nation’s monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions.
The Fed also conducts research into the economy and releases numerous publications, such as the Beige Book. The Federal Reserve Bank Conspiracy Explained – Century of Enslavement // Top Documentary Films