The Federal Reserve

More power than any good man would want, or any bad man should haveIn 2009, the Federal Reserve said that in the case of an economic emergency, they can implement a martial law of a sort, that they do quite literally have a blank check as to how much money they can print, how much money they can give away, how low they can make interest rates, and how much inflation they can cause.Yet we see no Supreme Court trials calling them communists even though they are a communist agency considering the type of power they have, and the extent to which they violate our constitution.Point 5: History and the History of Central Banks:There is nothing new under the sun, everything that is has been before and everything that was shall be again.The first recorded central bank was the bank of England, the Bank of England was created by a group of British bankers who proposed the bill so that the British Government could loan money to finance the Seven Years War. The British crown ended up knee deep in debt, and had to raise extreme and unfair taxes to pay it all back, and this resulted in the reasonable revolt of the thirteen colonies.The second central bank in recorded history was the Bank of North America, the bank issued 1.2 million dollars into our economy, considering that this is early America, and adapted to inflation, this would be a massive amount. Prices doubled, the nation was knee deep in debt; the Bank ruined America. Then Alexander Hamilton formed "The First Bank of the United States", in 1807, our economy fell apart as a result of over printing.And yet, we attempted this same system by which we sell shares in our nation"s economy through a central bank; we founded the Second Bank of the United States, but in 1832 President Jackson vetoed a bill to recharter the bank with the reasonable concern of such an establishments power over elections by the money system, he was shot at but not hit in 1835. In 1837 we suffered the backlash with yet another recession.Later we again attempted this system, we created the Federal Reserve. In the booming 20"s the Federal Reserve implemented loose monetary policy, causing low interest rates and a surplus of money, causing inflation which in turn caused stock prices to rise, which caused people to invest in stocks in hopes of them being worth more later, causing a bubble. The Federal Reserve implemented strict monetary policy, causing people to be unable to pay their loans, causing bank runs, causing the great depression. The same happened in 2009, the only difference is that people invested in houses rather than stocks.In 2009, a series of transactions occurred, adding up to a grand total of 9 Trillion Dollars, this is no crazy conspiracy theory, and this is solid fact. There was in fact a senate hearing to asses this, the Inspector General, the person who is supposed to oversee all the Federal Reserve"s actions had no clue what happened. Then the Federal Reserve, six years after, thought that we would be so dumb as to believe that it was a bail out. There is only 9.36 trillion dollars in our economy, if this was a bail out, we would have 18.36 trillion in our economy. I don"t know what happened to it obviously, I don"t know if the Federal Reserve pocketed it, or if Alan Greenspan had a big gambling debt and was threatened with his kneecaps.Point 6: Free trade and the Federal Reserve:In point 1, I talked about how the Federal Reserve has eliminated our free trade. This is among the biggest point I have to make, the Federal Reserve"s monetary policy schemes and totalitarian authority over our economy, enables it to bail out any of its fellow money trust members. It entrenches its fellow private corporations; entrenchments, monopolies, and totalitarian powers are among the greatest threats to free trade, and fair trade, the Federal Reserve implements all three of these. They are a beurocratic, feudal, communist, privately owned autocratic agency, their very existence offends me. For a private corporation to implement powers it was never ensured, with no regard for our government, our constitution, or our laws, and implement a communist totalitarian authority foreign to our constitution. This is a system based upon the separation of powers, free trade, and the idea that every person ought to have an equal shot. Not totalitarian powers, communism, and the idea that the common man is "unable to make his own decisions", this is the most backward, discussing idea I have ever seen.This is the most outrageous group of reprobates I have seen in my life; these commies have eliminated our free trade in favor of their own communist agendas! Their own despicable private interests! This abomination of ours called the "Federal Reserve" is nothing more than a group of reprobate con men and communists.Point 7: The Federal Reserve and the Federal Government:As we all know the Federal Reserve is a private corporation. Right about now you are saying "but it isn"t, the president and congress elect the board of governors bla blab la bla la", well I was surprised to find that it isn"t! The president only elects two of the 7 board of governors.Here is how the Federal Reserve works:So you have these banks that own stock in the Federal Reserve, they elect the director of their regional bank. The directors from the 12 regional banks get together in this thing called the "open market committee", which controls monetary policy. Then you got these guys called "the board of governors", there are 7 of them, 5 of which the president elects. So much for that "democratic money system" stuff they put in the history books.So let me get this straight, we have the open market committee which decides monetary policy, which is controlled by the board of directors (to make it all the more confusing they made both a "board of directors", and a "board of governors"), which is in turn controlled by these BANKS, now all these schemes are finally making sense. Take 2008 for example, the banks tell the Federal Reserve to drop interest rates, then the banks start this "mortgage" campaign. The banks tell the Federal Reserve to tighten monetary policy, people cannot pay their loans off, and the banks get their houses for pennies on the dollar."The money powers prey upon the nation in times of peace and conspire against it in times of adversity. The Banking powers are more despotic than a monarchy, more insolent than autocracy, more selfish than beoracracy."- Abraham Lincoln.