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How is America to Solve the Federal Reserve Controversy? 

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The Federal Reserve controversy is worrisome to many Americans. 

The Federal Reserve is the central banking system in the United States.

However, the Federal Reserve is not even an actual US government entity, and therefore is not held accountable for its actions. 

Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region, in other words: private ownership. 

And due to the lack of audits, the Federal Reserve feels it may get away with anything.

One example is inflation, which is due to the continuous print of currency which devalues the dollar.

“The Federal Reserve banks are one of the most corrupt institutions the world has ever seen.

“There is not a man within the sound of my voice who does not know that this nation is run by the International bankers.”

-Congressman Louis T. McFadden (speaking in the Senate)

The American public is in financial ruin because of poor leadership in this country and the lack of ethics. 

Now it is predicted that a depression is to take place soon in the United States. 

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Founding Fathers Against a Central Bank

From its inception, there was Federal Reserve controversy.

It was in 1913 that Congress passed the Federal Reserve Act, officially taking thepower to create the money to run the United States away from the Congress and gave it over to private bankers, the Federal Reserve Corporation. 

The founding fathers wanted for the power and control of the money in America tobe controlled by the Federal Congress, and not in the hands of private bankers. 

They could have never imagined such a Federal Reserve controversy. 

This is just one more time in history that the majority gets its way due to influence and power, no matter right or wrong.

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What’s Next

What can we as American citizens do to help our country out of this recession, soon to become depression? 

One way is to change the wasteful spending habits of the average American consumer.

The Federal Reserve controversy will not change the central banking system overnight, but as new government steps in and finds their voice, one can only hope that they choose to make wise decisions that would benefit the country as a whole.

The Federal Reserve controversy is not something anyone would want to remember in our nation’s history, but it’s yet another way for us to learn and hopefully not make the same mistakes twice!

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