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Tuesday, December 10, 2013

It's Time to End America's Century of Central Bank Mismanagement

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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