The Federal Reserve is not a government owed entity
. It is a private bank owned by individuals. It is not part of the United States Government and it has never been audited or subject to government regulations. Many wonder how this could be.
In the 1800s the banking industry was unregulated and there was no agreement on what constituted rational policies or practices. To handle the situation, the Banking Act of 1913 established the Federal Reserve. This was hardly a good decision as all the power of our money supply was put into the hands of private bankers who were out to create the best forex trading market for global transactions and not the nations.
The Federal Reserve prints Federal Reserve Notes. These notes are not based on any kind of commodity standard. It is fiat money or money that is backed by our confidence in it. In truth, it is only worth the paper it is printed on. The Federal Reserve regulates our money supply. They can dump trillions of dollars in the system whenever they see fit. This huge influx of cash in our economy causes there to be too much money in circulation. This scenario of forex trading tips the scales towards the globalists. Prices go up and the value of your buying power goes way down.
Many citizens of the United States, when they find out about the Federal Reserve, are surprised that it is a private institution. It has never been audited. When legislation was introduced in Congress to audit the Fed, it was quickly killed. The Fed has enormous influence over Congress and can get them to do anything they want. This dangerous organization of criminals thinks they are above the law and they are right. The only fair thing to do is to be able to audit them or better yet, disband them altogether. Their power is too great and is not in the hands of the people, where it should be. Our founding fathers even knew that central bankers were trouble and should not be in charge of our money supply. It looks like we have learned the hard way.