Today, the Federal Reserve’s duties fall into four general areas:
– conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
– supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
– maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
– providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system
Anyone familiar with the claim the the FED is actually owned by European banking dynasties? Their complete and utter failure to fulfill any of those 4 roles except maybe the last one may lend some credibility to that claim.
