The Board Governors of the Federal Reserve System Are Appointed Because They’re the Very Best Pawns for the Job.

The seven Board Governors of the Federal Reserve System makeup the main governing body of this secretive banking structure.

They are charged with overseeing the 12 District Reserve Banks and with defining and applying national monetary policy.

Governors are appointed by the President of the United States and confirmed by the Senate on Jan. 31st of every even-numbered year, for staggered 14-year terms.

By law, the appointments must produce a fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country.

As stipulated in the Banking Act of 1935, the Chairman and Vice Chairman of the Board are each one of the seven members of the Board of Governors who are appointed by the president from among the sitting governors.

As an independent agency, the Board of Governors does not receive funding from Congress, and the terms of the seven members of the board span multiple presidential and congressional terms.

Once a member of the Board of Governors is appointed by the president, he or she functions mostly independently. However, the board is required to make an annual report of operations to the Speaker of the House of Representatives.

The board also supervises and regulates the operations of the Federal Reserve Bank, and US banking system in general.

A Major Player

Alan Greenspan was the former chairman of the Board Governors of the Federal Reserve System as well as the Federal Open Market Committee (FOMC), the Fed’s principal monetary policy making body.

His tenure at the helm of the Fed lasted 18 years, from 1987 until early 2006, when Ben Bernanke replaced him.

He was first appointed to the post by then-president Ronald Reagan, and kept at the Fed’s controls by successors George H.W. Bush, Bill Clinton and President George W. Bush.

Greenspan is the first person to have been appointed to five consecutive terms as the Fed’s chairman. He was widely perceived as an inflation hawk, often criticized for focusing more on controlling prices than on achieving full employment.

Our Money in Foreign Hands

The Federal Reserve is under the direction of an international banking community, and this financial elite of primarily European bankers uses its control to manipulate the U.S. economy and financial markets for personal gain.

This is very serious because the Federal Reserve sets monetary and interest rate policies and any change in rates has significant repercussions for just about everyone.

An increase in interest rates that benefits saving could also price a new home just out of a family’s reach or make a manufacturing firm’s modernization plan too expensive to undertake.

The Board Governors of the Federal Reserve System are supposed to choose a policy that benefits the whole of the U.S. economy, not an overseas banking cabal.

The Ultimate Takeover Plan

The ultimate goal of this international banking elite is to establish a one-world government known as the infamous New World Order.

At the appointed time, the New World Order schemers will instruct the Board of Governors of the Federal Reserve System to sabotage the U.S. economy, causing financial and social chaos.

That will make it much easier for the banking elite to gain real political and military control over the United States. In the meantime they simply reap the benefit of the Fed’s huge annual profits made off of the US national debt interest payments and manipulate the financial markets for further gain.