The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
“The Federal Reserve Banks are not part of the government itself, but rather are ‘independent, privately owned and locally controlled corporations.'” Fasano v. Federal Reserve Bank of New York (2006)
“The Federal Reserve System is considered to be an independent central bank.” – Federal Reserve Bank of San Francisco
“The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. Employees are not civil service.” – The Federal Reserve Bank of Atlanta
“The Federal Reserve System doesn’t require public funding. Member banks hold stock in the Federal Reserve Banks and earn dividends.”
Related Library Documents:
Federal Reserve:Amazon Affiliate Products
The Constitution of the United States of America
This book is a public collection of the four original documents in the founding of the United States of America and include, the Declaration of Independence, the Articles of Confederation, the Constitutions, and the Bill of Rights. Combined these documents are excellent primary historical sources for the American Revolution and the formation of the new republican state.
View Product
Fruit from a Poisonous Tree
This book is a veritable powerhouse that shatters, in one instant, the wall of lies and deceit that took decades to build upon our impressionable minds. Stamper’s ability to explain complex legal and political information in a comprehensive yet concise manner is without equal. Like a master sculptor he has chipped away the ‘Words of Art and Deception’ to reveal the inescapable and undeniable Truth. This book has single-handedly bared the cleverly crafted schemes of a Power-lusting Elite.~ Paul Nash, DC, ND, CCN, ACU, Holistic Medicine, Minneapolis.
View Product
