Privately owned Federal Reserve System Bank
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
Our current central bank was established by the Federal Reserve System act of 1913 under Progressive President Woodrow Wilson. The stated purpose for authorizing the current iteration of the central bank known as the Federal Reserve System was to stabilize our economy and monetary system.
How have they done? Stock Market Crash 1929, Great Depression of the 1930s, Stagflation of the 1970s, Real Estate and Stock Market Crash of 2008, 2nd Great Depression of 2008 to 2013 and continuing and growing rolls of persons on food stamps, etc. This writer's assessment is that the FED has sucked at achieving its goal of stabilizing the US economy and monetary system. Even as you read this, Russia and China are pushing proposals to replace the US Dollar as the World Reserve Currency because the FED has so badly mismanaged it. (You need to ask someone else how bad the replacement of the US Dollar as the World Reserve Currency would affect your Standard of Living -- It would take too long and distract from the thrust of this article.)
$25 billion per year
King Georger III by Don Mashak
Now, for this extremely poor alleged attempt by the FED to stabilize the US economy and monetary system, WE THE PEOPLE pay the private owners of the privately owned Federal Reserve Bank $25 Billion per year as a return on their initial capitalization of the bank in 1913. (Take a moment to pause and think about that $25 billion dollars per year that you pay the FED. Between Congress, the President, the VP, the Supreme Court, and the Cabinet, about 540 people run the USA. The FED can afford to give each of them a $1 million per year and still have more than $24.4 billion per year left over. Do you think the FED has the power to corrupt the USA political system? Do you think our Congress acts in the best interest of WE THE PEOPLE or the FED?)
And the private owners (and their operatives) of the privately owned Federal Reserve Bank will shoot back...
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