Can supporters of the privately-owned Federal Reserve Bank and it's governmental partner the IRS, explain how this partnership improve and benefits the lives of the average American?
Read a good study/book on t economic history of the United States from 1830 to 1913. Then you won't have to ask.
Considering the fact that there isn't even a representative elected by the American Citizens for each and every state for the federal reserve, it is unconstitutional !
It is not good for any one except the banks under it. The Federal reserve system which is a fractional reserve system is centered around inflation and has foreclosures and bankruptcies built into it.
I've need heard of a NON FOR PROFIT private corporation. The Federal Reserve is by all means an extension of capitalism, since when people demand debt then debt is sold. I would support getting rid of anything that is an extension of capitalism. There is $14 trillion of money circulation. I would gladly contract the money supply and let people see what real capitalism is; based on artificial scarcities and having elites control the money supply. If you abolished fractional reserve banking, that means the $93 trillion of us assets circulating aroun the world will become virtually worthless and we will enter a depression. I guess that's great though, because once we get out of the depression, at least we will have state banks controlling the $300 billion of gold that will be in circulation, and at least the government can't represent the interests of the working class.
Umm, It's NOT! It's detrimental! To EVERYONE! And UNCONSTITUTIONAL! Congress has the power to regulate currency, not a private bank!
