What was one reason the U.S. government started a Federal Reserve system?
A- to keep the banking power of the United States spread out among various districts
B- to make sure that the U.S. banks were obeying laws regarding banking
C- to have a place for banks to deposit their excess deposits
D- to provide consumers with access to funds for business expansion
Answers:
All of the above.
E- to control the value of the dollar and to control the wealth. the federal reserve cut the gold standard and each dollar is legal tender, worthless, and is lent out at an interest rate, keeping us in debt forever.
The publicly stated reasons are all of the above, however the main reason was to unconstitutionally create money under a system of usury. Once the Nixon administration finally dropped the gold standard, the dollar became a fiat currency too. The federal reserve could create as much money as it liked.
Fractional reserve central banking is a monumental scam that creates massive amounts of money and apparent wealth, but the control of the economy no longer rests with the people through a representative democracy.
The banks decide how well or how poorly the economy performs by regulating how much currency is in circulation.
They use debt to steal the nations natural tangible wealth and effectively utilize people's greed and ambition to enslave the population.
The chairman of the federal reserve may be appointed by the President, but he takes his orders from the bank of International Settlements in Basel Switzerland.
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