The Fed is NOT an agency of the federal government and neither does any division of government control their actions or policies. It has the same relationship to the federal government as the Federal Express or your local Federal Meat Market. The Federal Reserve is a central bank, similar to central banks around the world. These include the Bank of England, the Bank of France, the Bundesbank of Germany and Banco de Mexico. These banks tell people and governments where to go . .
Banks conjure images of vaults overflowing with stacks of money.
Now take a fast look at the dollar bill in your pocket. It's an instrument covering debt, created out of thin air, only a credit entry on bank books. This secret outfit controls our money and tells us what it's worth. Let's find out. This corrects a defect in the original Articles of Confederation.