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Who Controls the Federal Reserve?

Submitted by L Ives, Mar 19, 2008 13:21

The owners of the Federal Reserve controls the Fed. The are not public but a group of private individuals/ large banking conserns.

The Federal Reserve is NOT a government agency but a private for profit bank. The Federal government only recommends the chairman.

The US constitution states that Congress should have control over the US money supply not a private bank which from it beginning in 1913 has debased the US currency the dollar so that now it is worht less than 95% of its value in 1913.

That devaluation is inflation.


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Other reader comments on this article

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The Fed is a private banking cartel.. It is so easy to get the history on it now. They don't... [MORE]

Darryl 

Mar 19, 2008 15:14

The Fed has lost control. It appears to be in charge but the markets rule and old ben knows it.... [MORE]

chuck 

Mar 22, 2008 19:04

The owners of the Federal Reserve controls the Fed. The are not public but a group of private individuals/ large...

L Ives 

Mar 19, 2008 13:21

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