Recently we have the news of USA government department shut down due to debt ceiling issue. Beside the political opinion difference, what really behind all these financial mess ?
Federal Reserve was formed way back in 1775 to print the first money during American Revolution, known as Continentals. It has gone through many rough patches in history before establish itself to become the "Central Bank" of America.
However, due to change in the political climate, monetary policies, the functions of Federal Reserve has changed.
In essence, Federal Reserve is gazetted as a check writing machine or money printing money that creates paper money. Given this huge power, will there be abuse ?
3 questions come to the mind :
1) Who owns the Federal Reserve ?
Is it by a group a stakeholders who are private banker who are interlinked ?
2) How does Federal Reserve get its money and boost its reserve ?
Is it just via Open Market Operations to buy bonds or Treasury bills ?
3) If Federal Reserve is owned by a group of private bankers as stakeholders, then every
treasury bills issued with a guarantee return 6% is profit for the stakeholders ?
We invite and encourage you to explore and read the following 2 articles for more understanding and knowledge. The truth might be shocking. Stay in the know and stay tuned for next article..what happen when a country bankrupt ?
Global Research on Who owns Federal Reserve ?