The central banking system now determines interest rates for virtually every bank in the country. A change in the reserve requirement or discount policy will affect the lives of every American, regardless of their economic status. The Federal Reserve Act has resulted in the creation of the most powerful monopoly that exists in the United States today. They have powers that no other body in this country has in matters of bank trade within their jurisdiction. They have powers which are autocratic in themselves and in their exercise.
Scarcity is alien to the original creation and it is ungodly.
God's providence is such that the creation is fruitful beyond any human calculation. Yet, now, scarcity reigns throughout the world. The United States was once unencumbered and bountiful to the point of massive savings and surpluses, but, now, the pricing systems have us as 'dummied down' as the rest of the world. These pricing systems result from central or cartel banking systems. The actions of The Federal Reserve Board have proven to be the first cause in the death of our economy.