http://epictimes.com/article/228790/time-to-end-americas-century-of-central-bank-mismanagement
But what this meant was the start of the monopolization of monetary
matters in the hands of a single politically appointed authority within
the boundaries of the United States.
Those innocuously sounding functions listed in the Act’s preamble, however, gave the Federal Reserve the power to:
(a) Control the quantity of money and credit supplied in the United States.
(b)
Influence the value, or purchasing power, of the monetary unit that is
used by the citizenry of the country in all their transactions.
(c)
Indirectly manipulate the rates of interest at which borrowers and
lenders transfer savings for investment and other purposes, including
the funding of government budget deficits.
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