This website uses cookies to ensure you have the best experience. Learn more

The Invisible Government Via The Federal Reserve System

1136 words - 5 pages

The purpose of this is to draw attention to the invisible government which controls the United States. One of the means of control is the Federal Reserve System. Many of us have seen the recent decline of the dollar in the news. We will address this in terms of the Federal Reserve System’s control over the value of the dollar. Much of this is a concentration of quotes by noteworthy individuals such as Economists, Presidents, and Congressmen.
The dollar index, which gauges the dollar against other major currencies, has attracted much attention recently due to its fifteen year low. A low that reflects the dollars 60% fall since 2001 (Paul, What the Price of Gold is Telling Us). The low dollar is of interest to citizens, i.e. consumers, because it means that your goods are going to cost more while your paycheck remains the same and foreign firms are buying U.S. goods and resources at a deep discount. Father of Reaganomics, Economist Jerome Corsi stated:
“The currency is gone; it is being sold off very quietly, worldwide, by the oil producing states, by China …” (Watson)
Ben Bernanke Chairman or the Federal Reserve System had this to say in a recent letter to Rep Dem. Brad Sherman, California, "…the possibility of a future disruptive correction of the U.S. trade deficit cannot be ruled out" (Bernanke). This disruptive correction would be akin to the Bank of England’s rush on U.S. Gold after the great depression (The Privateer). In 1939 the U.S. Gold Reserve Act was passed and all title to any gold within the U.S. had to be handed over to the U.S. Treasury.
According to the Privateer Market Letter, a newsletter:
“… banks were to be provided with "Gold Certificates" in return for their Gold, but these certificates had no specific value in Gold assigned to them. When one witness testifying before the Senate Committee protested, he was taken aside by an Administration Senator and the situation explained to him:"Doctor, you don't understand about these gold certificates. These are not certificates that you can get gold. These are certificates that gold has been taken away from you." (The Privateer)
Between 1913 and 1971, the Federal Reserve expanded the money supply, financing war and manipulating the economy with little resistance from Congress (Paul, The End of Dollar Hegemony). This brings to mind situations like the no bid contracts that had been given to Halliburton, a company which Vice President Cheney had been CEO.
Mayer Anselm Rothschild, the great European Banker, once said, "Permit me to issue and control the money of a nation, and I care not who makes its laws..." This makes sense once you understand the way the United States gets its money. The Federal Reserve issues money on behalf of the government, with interest.
The United States is indebted to the Federal Reserve for over one trillion dollars about ten percent of the total debt. US taxpayers pay over four hundred billion dollars in interest on this debt. Because...

Find Another Essay On The Invisible Government Via The Federal Reserve System

The Purpose of the Federal Reserve System

2692 words - 11 pages interest rates, etc. Since the Federal Government has such a control over our Economy, we decided to tackle the subject of the Federal Reserve System and try to get a better understanding of the history, the structure, and the monetary policy of the power that it holds. The Federal Reserve System is the central banking authority of the United States. It acts as a fiscal agent for the United States government and is custodian of the reserve

Federal Reserve System and the Great Depression

972 words - 4 pages " ("General Article: The Great Depression"). The Great Depression would dramatically alter the relationship between the government and the people.However, one major cause, unnoticed by many, of the Great Depression was the Federal Reserve System. According to economist Milton Friedman, on a PBS interview, "the Federal Reserve System had been established to prevent what actually happened. It was set up to avoid a situation in which [the government

What´s The Federal Reserve System

1891 words - 8 pages Fed’s decisions ultimately affect. The general public is the foundation for which the banking system as a whole would not work without. The functions of the Federal Reserve are classified into four categories: monetary policy, regulation, government services, and non-government services. Their role in monetary policy is partially to examine the market and report findings, participate in the FOMC, and adjust the interest rates for banks, in order to

Money, the Federal Reserve System, and Banking

722 words - 3 pages buying power, The asset demand for money is the demand for money in order to hold wealth in the form of money. Some people will always hold some part of their wealth in the form of money. If we use money to buy an asset that pays interest, such as a government or corporate bond, we earn more money in the form of interest payments. The Federal Reserve System is the central banking system in the United States. The United States was slow to

The advancement, development and integration of the Federal Reserve System

739 words - 3 pages Since its creation on December 23, 1913, the Federal Reserve System--which, in generalized terms, is America's central bank--has greatly benefited the United States' economy. Toward that end, the Federal Reserve System has created and maintained many services for both the government and citizens of the United States; these services include the regulation of financial institutions, maintaining of the payments system and consumer protection laws

How The Federal Reserve System Works In The United States

1172 words - 5 pages were any other check. As a result, the dealer's bank will have gained reserves, although no other commercial bank has lost reserves. On balance, then, the system has more lending and investing capacity than it had before. Thus, by buying government bonds the Federal Reserve has, in fact, deposited money in the accounts of its members, thereby giving them the extra reserves that it set out to create. This is what is meant by "monetizing" the

Actions of the Federal Reserve System During the ‘Great Contraction’

1784 words - 8 pages rediscount rate to 4.5 percent by November, followed by another cut in June of 1930, and eventually reaching a low of 1.5 percent in May of 1931. The Federal Reserve System supplemented the rate cut by forming an Open Market Policy Conference and setting in motion to rounds of government bond buying that increased it’s holdings from $511 million at the end of 1929 to $817 million by year end in 1931. These rate cuts were not very effective at

More Powerful than the Government? A Review of the Federal Reserve

2310 words - 9 pages by the Fed and required to hold a deposit with one of 12 Federal Reserve Banks. (Timberlake). The Federal Reserve was a lender of last resort for member banks and the Federal government. The intention was to alleviate fears and to stabilize the economy. The Federal Reserve also monitored the transition from the gold standard to a paper currency. It was necessary for the transition to be regulated since gold sets its own value and currency while

Federal Reserve System and Monetary Policy

1363 words - 5 pages minimum levels of unemployment, prices stability and keeping in check the rates of interests. Over the years, the role of Federal Reserve has expanded. It now formulates the country’s monetary policies, conducts supervision and regulation of the banking institutions, maintenance of the financial system stability and provision of financial services to the United States government, depository institutions and other foreign institutions. The Federal

Federal Reserve System in Preventing a Contagious Loss of Confidence

586 words - 3 pages also ensures soundness in the banking system through supervising the financial players in the country. Without monitoring, banks would have a chance of engaging in fraudulent activities and economically unsound activities. However, the FRS controls the banking activities in the country through setting various regulations such as reserve ratio requirements. The Federal Reserve System also offers advice on financial matters to the government to

Describe how the federal and state systems of government differ in regards to employment laws. Provide one example of a protection that is provided by the state system, but not the federal

1165 words - 5 pages In the United States of America there is not a single U.S. court system. Every State located in the U.S. has their own individual court system to handle the criminal and civil cases that are brought to court within the state. Outside of the State court systems there is the federal government court system. This court system is designed to hear and judge cases that involve issues governed by the federal laws and/or the U.S. Constitution. The

Similar Essays

The Federal Reserve System Essay

2023 words - 8 pages and improve the system to better serve the people and the government. (“History of Central Banking” 1-10) Differences in the Three Banks. The Federal Reserve was not set up like the First and Second Banks because it was not designed to conduct business with the general public. The general public could not receive business loans or place deposits with the Federal Reserve. The Federal Reserve was only allowed to make loans and accept deposits

The Federal Reserve System Essay

2320 words - 9 pages System 8th ed. pp. 7). In order to accomplish the Federal Reserve System’s responsibilities, Congress gave it the autonomy to operate with insulation from political pressure ( Technically speaking, the Fed does not belong to a particular branch of the government. It is considered an independent, nonprofit regulatory agency (Schlesinger pp 75). The system is, however, subject to Congressional oversight. Congress delegated

The Federal Reserve System Essay

729 words - 3 pages regulates and supervises banks financial institutions to ensure the safety of the nation’s banking and financial system to protect the credit right of consumers and to offer some financial services to the U.S. Government, U.S. financial institutions, and foreign official institutions. The Federal Reserve also performs a major role in the functioning and supervising of the nation’s payment systems. ("Board Of Governors Of The Federal Reserve System

The Federal Reserve System Essay

1428 words - 6 pages Federal Reserve 5th District - PAGE 1 - The Federal Reserve SystemECONYour UniversityThe Federal Reserve BankThe fifth of twelve satellite banks in the Federal Reserve solar system belongs to our close neighboring city of Richmond, Va. Its function is not unlike its eleven sister banks that are strategically positioned throughout the country, and together form our nations central banking system. Congress put the construct of the Federal