Why the federal reserve ?
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Why do we keep the federal reserve? It only keeps us in debt, so why keep a system which only keeps us in tax chains? Dont we have a government that can make there own money like it was suppose to? Just think if were making our own money we wouldnt owe interest. "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." - Thomas Jefferson
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Answer:
The Federal Reserve Bank ( a private corporation) is the only institution that can print US Currency. It's outside the power of the Federal Government. Why ....That's another discussion ! Suffice to say ...The current Financial Crisis and the unsettled world conditions are the perfect soup for the MONEY LENDERS. Whats been created is an atmosphere of FEAR in which they will gain and monopolize more of the worlds wealth and means of production by printing unsecured money and loaning it to the Government. In turn the Government props up and pays back the corporations and interests that they are beholding to. We the People through taxation become the Government securities for these loans. The Federal Reserve will stop the inflationary cycle after they've maxed out the amount of loans they feel safe to secure in the current conditions. The value of the dollar goes back up and all this cheap money they've lent out is worth that much more and they become that much richer. Again ask yourself... who benefits... The Fed Reserve Bank (they get richer and get paid either way) , the unions (they keep their sweetheart deals) , The Private Companies ( if they fail ,we the people will have to pay back the loan) The Dems (payback for support in the Presidential election) The Repubs ( The money people continue to make money) All of the above (maintain their positions of influence and power) WHO GETS SCREWED.....WE THE PEOPLE Non of this is capitalism....what it is , is stealing..... America Wake Up ..we're being scammed ! We are paying taxes from the craddle to the grave! Be Afraid 1984
THRICE at Yahoo! Answers Visit the source
Other answers
we should abolish it. People don't understand it, or they would be a lot more upset than they are. Support HR 2755 to abolish the Fed!
DAR
to keep the rich rich and the powerful powerful. to keep the poor poor. to keep the government in power. www.endthefed.us
mortimerobituary2
The Federal Reserve does not keep is in debt. Congress does by spending more than it takes in. They pander to us in our desire for more government services coupled with our disinclination to pay taxes, so WE'RE ultimately to blame.
Scourge 0' Fascism
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