Changes

Jump to navigation Jump to search
no edit summary
Line 1: Line 1:  
The '''Federal Reserve''' (also known as '''The Fed''') is a central [[bank]] that controls the monetary system of the [[United States]]. Although it acts with the authority of the [[government]], the Federal Reserve is not an official government agency. It was established by [[President]] [[Woodrow Wilson]] in 1914, but was never approved by [[Congress]].[http://www.federalreserve.gov/generalinfo/fract/] Although the [[Constitution]] says that only Congress has the authority to print money, the Federal Reserve issues currency that is not based on the original [[gold standard]].[http://www.federalreserve.gov/]  
 
The '''Federal Reserve''' (also known as '''The Fed''') is a central [[bank]] that controls the monetary system of the [[United States]]. Although it acts with the authority of the [[government]], the Federal Reserve is not an official government agency. It was established by [[President]] [[Woodrow Wilson]] in 1914, but was never approved by [[Congress]].[http://www.federalreserve.gov/generalinfo/fract/] Although the [[Constitution]] says that only Congress has the authority to print money, the Federal Reserve issues currency that is not based on the original [[gold standard]].[http://www.federalreserve.gov/]  
   −
The Federal Reserve is headed by a Board of Governors and a Chairman. The current Chairman is [[Ben Bernanke]], a member of the [[Reform Jewish]] religion.[http://www.federalreserve.gov/bios/bernanke.htm] His predecessor was [[Alan Greenspan]], also a member of the Jewish faith, and the boyfriend of known [[atheist]] [[Ayn Rand]].[http://usliberals.about.com/od/peopleinthenews/a/Greenspan1.htm] The Fed was originally conceived by an organization called the "Money Trust", composed of the richest and most powerful [[Judaism|bankers]] in the world. Their ultimate goal was to control America's monetary system so that it is easier to incorporate the country into a [[one world government]].
+
The Federal Reserve is headed by a Board of Governors and a Chairman. The current Chairman is [[Ben Bernanke]], a member of the [[Reform Jewish]] religion.[http://www.federalreserve.gov/bios/bernanke.htm] His predecessor was [[Alan Greenspan]], also a member of the Jewish faith, and the boyfriend of known [[atheist]] [[Ayn Rand]].[http://usliberals.about.com/od/peopleinthenews/a/Greenspan1.htm] The Fed was originally conceived by an organization called the "Money Trust", composed of the richest and most powerful [[Judaism|bankers]] in the world. Their ultimate goal was to control America's monetary system so that it is easier to incorporate the country into a [[one world government]].{{fact}}
    
The main job of the Federal Reserve is to control [[inflation]] by regulating the [[free market]].[http://www.peterjaworski.com/Friedman] This limits personal freedom, which was given by [[God]] when He [[creationism|created]] us with a [[free will]].
 
The main job of the Federal Reserve is to control [[inflation]] by regulating the [[free market]].[http://www.peterjaworski.com/Friedman] This limits personal freedom, which was given by [[God]] when He [[creationism|created]] us with a [[free will]].
659

edits

Navigation menu