Comments on: What branch of the government is the Federal Reserve?

By: Constitutionalist.

Constitutionalist. — Mon, 31 Mar 2008 23:22:21 +0000

None. It's a private bank, operating outside out of the government, even though it is Congress (who created it) responsibility to keep eye on what it is doing, sadly, it's not. Frankly, they have actually no authority to control the money, and the economy. As stated in the Constitution, no central bank should be re-instated, especially since it's private. They have brought us the Great depression of the 30's, and now, they are giving us the similar recession, but even worse. We have a war going on, we pay $3billion, and since we get bankrupt to pay it, China pays it, or lends us the money, which adds up to the impossible huge debt. Sadly again, it will be given more power, and they will eventually destroy the dollar, economy, and the poor/middle class. As a poster said above, only Ron Paul has the proposal to abolish it, or legalize competing currencies.
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By: Twilight

Twilight — Mon, 31 Mar 2008 23:12:09 +0000

The Federal Reserve is NOT a government institution. They are private bankers making a profit off the money that the government borrows and you and I pay the interest only on this debt.

Soon the government will owe so much that our tax dollars won't even cover the interest.

They need to be abolished, not given more power.
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By: B.Kevorkian

B.Kevorkian — Mon, 31 Mar 2008 22:59:34 +0000

It's not part of the government, at all.

In the hopes of heading off a future economic disruption like the one currently being caused by the mortgage fiasco.

Yes.
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By: Skipper

Skipper — Mon, 31 Mar 2008 22:59:10 +0000

The Treasury
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By: sakshale

sakshale — Mon, 31 Mar 2008 22:58:34 +0000

The Federal Reserve is a misleading name.

It is NOT a federal agency. It is a private company with secret owners and a secretive board of directors. Its meetings are private and the only person we know about in the company is the chairman.

It also has no reserves. It simply buys money, for the cost of the printing, from the US Treasury and lends it to Banks for big profits.
References :
The Money Masters; http://www.moviesfoundonline.com/money_masters.php

By: Foreigner77

Foreigner77 — Mon, 31 Mar 2008 22:57:02 +0000

The Federal Reserve does not belong to any branch of the United States government. You may be surprised to find out that it is privately owned, and that the private owners are extremely rich, influential people. Voters most definitely ought to consider this issue when voting, because those who control the Federal Reserve carry a lot of clout with the President, the White House, Congress and the Senate. My personal opinion is that Ron Paul is probably the strongest, most independently-minded candidate there is for President, and he has been fairly vocal thus far regarding the Federal Reserve.
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By: itsme

itsme — Mon, 31 Mar 2008 22:56:39 +0000

Check this out…
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http://www.fdrs.org/federal_reserve_notes_history.html

By: frederickpuddles

frederickpuddles — Mon, 31 Mar 2008 22:54:20 +0000

fed reserve is the beureauacracy, and also the department of the treasurery, and bush wants to expand the powers so that they can do more to aleviate the "recession" so this is a huge issue to be thought about this upcoming year.
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By: shilo9i

shilo9i — Mon, 31 Mar 2008 22:53:02 +0000

The Federal Reserve is technically not part of any branch of the federal government. It operates outside of the branches.
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By: Rick J

Rick J — Mon, 31 Mar 2008 22:52:53 +0000

Federal reserve is private bank… It has nothing to do with the government period. It just makes the money. Don't listen to that prick fight for rights. And private bank i mean just as private a like a someone makeing there own buisness.

acutally i got that last part wrong about the money, it loans the money at interest to the government, as you can see they already have all the cards. And they want more power?
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